TechnipFMC plc Ordinary Share (FTI) Stake Lessened by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its position in TechnipFMC plc Ordinary Share (NYSE:FTI) by 26.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 36,094 shares of the oil and gas company’s stock after selling 12,982 shares during the period. Envestnet Asset Management Inc.’s holdings in TechnipFMC plc Ordinary Share were worth $1,007,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in FTI. Janus Henderson Group PLC increased its stake in shares of TechnipFMC plc Ordinary Share by 19,636.0% in the 2nd quarter. Janus Henderson Group PLC now owns 3,496,027 shares of the oil and gas company’s stock valued at $95,090,000 after acquiring an additional 3,478,313 shares in the last quarter. First Eagle Investment Management LLC increased its stake 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 valued at $947,425,000 after acquiring an additional 3,347,874 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its stake in shares of TechnipFMC plc Ordinary Share by 90.3% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,638,820 shares of the oil and gas company’s stock valued at $98,976,000 after acquiring an additional 1,726,320 shares in the last quarter. Platinum Investment Management Ltd. increased its stake in shares of TechnipFMC plc Ordinary Share by 29.6% in the 2nd quarter. Platinum Investment Management Ltd. now owns 7,016,100 shares of the oil and gas company’s stock valued at $190,837,000 after acquiring an additional 1,604,400 shares in the last quarter. Finally, BlackRock Inc. increased its stake 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 valued at $591,104,000 after acquiring an additional 1,571,751 shares in the last quarter. Institutional investors own 65.55% of the company’s stock.

Several research firms have recently weighed in on FTI. Wolfe Research began coverage on shares of TechnipFMC plc Ordinary Share in a research note on Wednesday, December 13th. They issued an “outperform” rating for the company. Cowen set a $35.00 price objective on shares of TechnipFMC plc Ordinary Share and gave the company an “outperform” rating in a research note on Wednesday, December 13th. Morgan Stanley reiterated a “buy” rating on shares of TechnipFMC plc Ordinary Share in a research note on Wednesday, December 6th. Griffin Securities reiterated a “buy” rating on shares of TechnipFMC plc Ordinary Share in a research note on Monday, December 4th. Finally, Scotiabank set a $33.00 price objective on shares of TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a research note on Wednesday, November 29th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $33.18.

Shares of TechnipFMC plc Ordinary Share (NYSE:FTI) opened at $28.69 on Wednesday. The company has a market cap of $13,321.20, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 0.93 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 one year low of $24.53 and a one year high of $37.09.

TechnipFMC plc Ordinary Share (NYSE:FTI) last announced its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate 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 quarterly revenue was up 74.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 EPS. equities research analysts forecast that TechnipFMC plc Ordinary Share will post 1.61 earnings per share for the current fiscal year.

The firm also recently declared 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 1.81%.

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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.

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

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