Teza Capital Management LLC Has $1.07 Million Stock Position in TechnipFMC plc (NYSE:FTI)

Teza Capital Management LLC lowered its holdings in shares of TechnipFMC plc (NYSE:FTI) by 78.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,055 shares of the oil and gas company’s stock after selling 138,202 shares during the period. Teza Capital Management LLC’s holdings in TechnipFMC were worth $1,072,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. State of Wyoming raised its holdings in shares of TechnipFMC by 88.5% during the 4th quarter. State of Wyoming now owns 21,840 shares of the oil and gas company’s stock worth $632,000 after buying an additional 10,254 shares in the last quarter. Point72 Hong Kong Ltd grew its position in TechnipFMC by 76.4% during the 4th quarter. Point72 Hong Kong Ltd now owns 73,130 shares of the oil and gas company’s stock worth $2,116,000 after acquiring an additional 31,672 shares during the last quarter. Quadcap Wealth Management LLC bought a new stake in TechnipFMC during the 4th quarter worth $454,000. Morse Asset Management Inc grew its position in TechnipFMC by 4.2% during the 4th quarter. Morse Asset Management Inc now owns 70,443 shares of the oil and gas company’s stock worth $2,039,000 after acquiring an additional 2,868 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in TechnipFMC by 22.8% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,080,672 shares of the oil and gas company’s stock worth $60,215,000 after acquiring an additional 385,913 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FTI. Piper Sandler boosted their price objective on TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. StockNews.com lowered TechnipFMC from a “hold” rating to a “sell” rating in a research report on Friday. Royal Bank of Canada reiterated an “outperform” rating and issued a $37.00 price target on shares of TechnipFMC in a research report on Monday, April 28th. Barclays upped their price target on TechnipFMC from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, April 25th. Finally, Susquehanna reduced their price target on TechnipFMC from $41.00 to $35.00 and set a “positive” rating on the stock in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $36.83.

TechnipFMC Stock Down 0.7%

Shares of NYSE:FTI opened at $31.33 on Monday. The company has a market capitalization of $13.13 billion, a price-to-earnings ratio of 20.61 and a beta of 0.98. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The business’s 50-day moving average is $28.11 and its 200-day moving average is $29.30. TechnipFMC plc has a 1 year low of $22.12 and a 1 year high of $33.45.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the company posted $0.22 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC’s dividend payout ratio (DPR) is currently 10.53%.

Insider Buying and Selling

In other news, Director Carvalho Filho Eleazar De sold 9,381 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.76, for a total value of $279,178.56. Following the completion of the sale, the director now directly owns 100,951 shares of the company’s stock, valued at $3,004,301.76. This represents a 8.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Justin Rounce sold 42,178 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the sale, the executive vice president now directly owns 140,207 shares of the company’s stock, valued at approximately $3,722,495.85. This trade represents a 23.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,706 shares of company stock valued at $1,651,665. 1.80% 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.