Mackenzie Financial Corp Sells 149,536 Shares of TechnipFMC plc (NYSE:FTI)

Mackenzie Financial Corp decreased its position in shares of TechnipFMC plc (NYSE:FTI) by 17.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 686,771 shares of the oil and gas company’s stock after selling 149,536 shares during the period. Mackenzie Financial Corp owned approximately 0.16% of TechnipFMC worth $13,832,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in TechnipFMC by 320.3% during the third quarter. Vanguard Group Inc. now owns 39,788,733 shares of the oil and gas company’s stock worth $809,303,000 after acquiring an additional 30,323,011 shares during the period. BlackRock Inc. increased its holdings in shares of TechnipFMC by 87.8% during the second quarter. BlackRock Inc. now owns 19,869,072 shares of the oil and gas company’s stock worth $330,224,000 after purchasing an additional 9,287,344 shares during the period. Alliancebernstein L.P. raised its position in shares of TechnipFMC by 68,732.1% in the fourth quarter. Alliancebernstein L.P. now owns 7,053,918 shares of the oil and gas company’s stock valued at $85,987,000 after buying an additional 7,043,670 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of TechnipFMC by 11.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,933,447 shares of the oil and gas company’s stock valued at $718,398,000 after buying an additional 5,888,998 shares during the period. Finally, Invesco Ltd. grew its position in TechnipFMC by 75.7% during the third quarter. Invesco Ltd. now owns 12,969,978 shares of the oil and gas company’s stock worth $263,809,000 after buying an additional 5,587,050 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

Wall Street Analyst Weigh In

FTI has been the subject of several analyst reports. StockNews.com cut TechnipFMC from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Barclays upped their price objective on shares of TechnipFMC from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. HSBC lowered shares of TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 target price on the stock. in a report on Friday, February 23rd. ATB Capital set a $30.00 price target on shares of TechnipFMC and gave the stock an “outperform” rating in a report on Friday, December 22nd. Finally, Benchmark reissued a “buy” rating and issued a $30.00 price objective (up from $25.00) on shares of TechnipFMC in a research note on Monday, April 1st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.34.

TechnipFMC Stock Down 0.7 %

Shares of NYSE:FTI opened at $25.16 on Friday. TechnipFMC plc has a 52-week low of $12.64 and a 52-week high of $27.26. The company has a market capitalization of $11.00 billion, a PE ratio of 209.68 and a beta of 1.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.16. The company has a fifty day moving average of $23.42 and a 200-day moving average of $21.28.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.90 billion. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. TechnipFMC’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.05) EPS. On average, equities analysts predict that TechnipFMC plc will post 1.15 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Tuesday, March 19th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.79%. TechnipFMC’s dividend payout ratio (DPR) is presently 166.68%.

Insider Activity at TechnipFMC

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

TechnipFMC Profile

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.