Sterling Capital Management LLC grew its position in shares of TechnipFMC plc Ordinary Share (NYSE:FTI) by 6.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 82,720 shares of the oil and gas company’s stock after acquiring an additional 4,700 shares during the period. Sterling Capital Management LLC’s holdings in TechnipFMC plc Ordinary Share were worth $2,310,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. First Eagle Investment Management LLC boosted its position in shares of TechnipFMC plc Ordinary Share by 10.9% in the 3rd quarter. First Eagle Investment Management LLC now owns 33,933,562 shares of the oil and gas company’s stock worth $947,425,000 after purchasing an additional 3,347,874 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of TechnipFMC plc Ordinary Share by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 27,167,998 shares of the oil and gas company’s stock worth $738,969,000 after purchasing an additional 896,416 shares in the last quarter. BlackRock Inc. boosted its position in shares of TechnipFMC plc Ordinary Share by 7.8% in the 2nd quarter. BlackRock Inc. now owns 21,731,728 shares of the oil and gas company’s stock worth $591,104,000 after purchasing an additional 1,571,751 shares in the last quarter. State Street Corp boosted its position in shares of TechnipFMC plc Ordinary Share by 2.0% in the 2nd quarter. State Street Corp now owns 20,888,596 shares of the oil and gas company’s stock worth $568,171,000 after purchasing an additional 417,151 shares in the last quarter. Finally, AXA boosted its position in shares of TechnipFMC plc Ordinary Share by 16.3% in the 2nd quarter. AXA now owns 8,697,311 shares of the oil and gas company’s stock worth $236,567,000 after purchasing an additional 1,222,075 shares in the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

A number of analysts have recently commented on FTI shares. Barclays dropped their price target on TechnipFMC plc Ordinary Share from $30.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Friday, October 27th. Tudor Pickering raised TechnipFMC plc Ordinary Share from a “hold” rating to a “buy” rating in a research report on Wednesday, November 29th. Societe Generale initiated coverage on TechnipFMC plc Ordinary Share in a research report on Thursday, November 16th. They issued a “buy” rating and a $38.00 price objective on the stock. ValuEngine cut TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, HSBC cut TechnipFMC plc Ordinary Share from a “hold” rating to a “reduce” rating and set a $26.00 price objective on the stock. in a research report on Wednesday, November 15th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $33.18.

Shares of TechnipFMC plc Ordinary Share (NYSE:FTI) opened at $27.43 on Monday. The firm has a market cap of $12,798.62, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 0.90 and a beta of 0.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.14 and a current ratio of 1.22. TechnipFMC plc Ordinary Share has a 12 month low of $24.53 and a 12 month high of $37.09.

TechnipFMC plc Ordinary Share (NYSE:FTI) last announced its earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.07). The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.87 billion. The company’s revenue was up 74.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 EPS. equities research analysts predict that TechnipFMC plc Ordinary Share will post 1.61 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Tuesday, November 21st were paid a dividend of $0.13 per share. The ex-dividend date was Monday, November 20th. This represents a $0.52 dividend on an annualized basis and a yield of 1.90%.

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About TechnipFMC plc Ordinary Share

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

Institutional Ownership by Quarter for TechnipFMC plc Ordinary Share (NYSE:FTI)

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