TechnipFMC plc (NYSE:FTI) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its holdings in shares of TechnipFMC plc (NYSE:FTI) by 52.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,323,799 shares of the oil and gas company’s stock after selling 5,799,202 shares during the quarter. Dimensional Fund Advisors LP owned about 1.24% of TechnipFMC worth $139,213,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its position in shares of TechnipFMC by 8.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 40,594,774 shares of the oil and gas company’s stock worth $1,019,337,000 after purchasing an additional 3,259,348 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of TechnipFMC by 0.3% during the first quarter. Vanguard Group Inc. now owns 40,049,860 shares of the oil and gas company’s stock worth $1,005,652,000 after purchasing an additional 134,880 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of TechnipFMC by 2.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,733,621 shares of the oil and gas company’s stock worth $228,384,000 after buying an additional 204,435 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of TechnipFMC by 2.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,518,561 shares of the oil and gas company’s stock worth $70,864,000 after buying an additional 85,451 shares during the period. Finally, Balyasny Asset Management L.P. increased its stake in shares of TechnipFMC by 868.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 3,132,166 shares of the oil and gas company’s stock worth $63,082,000 after buying an additional 2,808,618 shares during the period. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Stock Performance

Shares of FTI opened at $27.22 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. The firm has a market cap of $11.73 billion, a PE ratio of 57.91 and a beta of 1.50. The company’s 50 day simple moving average is $26.53 and its 200-day simple moving average is $25.85. TechnipFMC plc has a 12-month low of $18.33 and a 12-month high of $29.85.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.12. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.23 billion. TechnipFMC had a net margin of 5.72% and a return on equity of 14.36%. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share. As a group, equities analysts predict that TechnipFMC plc will post 1.34 EPS for the current year.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, August 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.73%. TechnipFMC’s dividend payout ratio (DPR) is presently 42.55%.

Insider Buying and Selling

In related news, CAO David Light sold 5,928 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $25.81, for a total transaction of $153,001.68. Following the completion of the sale, the chief accounting officer now directly owns 11,534 shares of the company’s stock, valued at $297,692.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on FTI shares. Citigroup upped their target price on shares of TechnipFMC from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. StockNews.com lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Finally, Susquehanna upped their target price on shares of TechnipFMC from $34.00 to $35.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.51.

About TechnipFMC

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.