TechnipFMC plc (NYSE:FTI) Shares Sold by BNP Paribas Financial Markets (2024)

Posted by Defense World Staff on May 18th, 2024

BNP Paribas Financial Markets lessened its stake in TechnipFMC plc (NYSE:FTI – Free Report) by 45.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 444,145 shares of the oil and gas company’s stock after selling 375,312 shares during the quarter. BNP Paribas Financial Markets’ holdings in TechnipFMC were worth $8,945,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Mount Lucas Management LP purchased a new position in shares of TechnipFMC in the 4th quarter worth about $489,000. Vestor Capital LLC lifted its position in TechnipFMC by 3.5% during the fourth quarter. Vestor Capital LLC now owns 441,296 shares of the oil and gas company’s stock valued at $8,888,000 after buying an additional 15,071 shares in the last quarter. SCP Investment LP grew its stake in TechnipFMC by 166.7% during the fourth quarter. SCP Investment LP now owns 28,800 shares of the oil and gas company’s stock worth $561,000 after buying an additional 18,000 shares during the period. Everpar Advisors LLC acquired a new stake in shares of TechnipFMC in the fourth quarter worth $982,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of TechnipFMC by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,907,049 shares of the oil and gas company’s stock valued at $58,548,000 after acquiring an additional 26,353 shares during the period. 96.58% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $21.20, for a total transaction of $264,809.20. Following the completion of the transaction, the director now owns 103,982 shares in the company, valued at $2,204,418.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is owned by corporate insiders.

TechnipFMC Stock Up 0.1 %

FTI stock opened at $26.49 on Friday. The firm has a market cap of $11.41 billion, a price-to-earnings ratio of 56.35 and a beta of 1.61. TechnipFMC plc has a 1-year low of $13.11 and a 1-year high of $27.30. The firm has a fifty day moving average price of $25.67 and a two-hundred day moving average price of $22.14. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.16 and a quick ratio of 0.87.

TechnipFMC (NYSE:FTI – Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. TechnipFMC had a net margin of 2.61% and a return on equity of 9.57%. The business had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.96 billion. The company’s quarterly revenue was up 18.9% on a year-over-year basis. Research analysts predict that TechnipFMC plc will post 1.18 EPS for the current year.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, May 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.76%. TechnipFMC’s payout ratio is currently 42.55%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FTI shares. Benchmark reiterated a “buy” rating and issued a $30.00 price target on shares of TechnipFMC in a report on Friday, April 26th. TD Cowen boosted their price target on TechnipFMC from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Susquehanna increased their price objective on shares of TechnipFMC from $27.00 to $34.00 and gave the company a “positive” rating in a research report on Friday, April 26th. HSBC downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 target price for the company. in a research note on Friday, February 23rd. Finally, Bank of America lifted their price target on shares of TechnipFMC from $24.00 to $28.50 and gave the stock a “buy” rating in a research note on Monday, April 15th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.21.

Read Our Latest Stock Report on TechnipFMC

TechnipFMC Company Profile

(Free Report)

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.

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