TechnipFMC plc (NYSE:FTI) Shares Sold by Allworth Financial LP

Allworth Financial LP decreased its stake in shares of TechnipFMC plc (NYSE:FTI) by 31.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,450 shares of the oil and gas company’s stock after selling 1,558 shares during the period. Allworth Financial LP’s holdings in TechnipFMC were worth $110,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Creative Planning boosted its position in shares of TechnipFMC by 22.9% during the 3rd quarter. Creative Planning now owns 21,372 shares of the oil and gas company’s stock valued at $561,000 after purchasing an additional 3,980 shares in the last quarter. Blue Trust Inc. boosted its position in shares of TechnipFMC by 203.6% during the 3rd quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 735 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of TechnipFMC during the 3rd quarter valued at about $363,000. Mount Yale Investment Advisors LLC bought a new position in shares of TechnipFMC during the 3rd quarter valued at about $205,000. Finally, Ballentine Partners LLC boosted its holdings in shares of TechnipFMC by 4.8% in the third quarter. Ballentine Partners LLC now owns 11,223 shares of the oil and gas company’s stock worth $294,000 after buying an additional 515 shares during the period. Institutional investors and hedge funds own 96.58% of the company’s stock.

Wall Street Analysts Forecast Growth

FTI has been the subject of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of TechnipFMC in a report on Friday, December 13th. They issued a “buy” rating and a $38.00 target price for the company. Citigroup raised their target price on shares of TechnipFMC from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Jefferies Financial Group upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and raised their target price for the stock from $29.00 to $40.00 in a report on Friday, December 6th. Barclays raised their target price on shares of TechnipFMC from $37.00 to $42.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Hsbc Global Res upgraded shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TechnipFMC currently has an average rating of “Buy” and an average price target of $36.15.

TechnipFMC Price Performance

NYSE FTI opened at $29.06 on Monday. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 19.12 and a beta of 1.52. The company has a 50 day simple moving average of $30.71 and a 200-day simple moving average of $28.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. TechnipFMC plc has a 52-week low of $20.04 and a 52-week high of $33.45.

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.