TechnipFMC plc (NYSE:FTI) Shares Acquired by Swiss National Bank

Swiss National Bank lifted its position in TechnipFMC plc (NYSE:FTIFree Report) by 1.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 970,600 shares of the oil and gas company’s stock after buying an additional 9,800 shares during the quarter. Swiss National Bank’s holdings in TechnipFMC were worth $19,742,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in FTI. Bessemer Group Inc. boosted its holdings in shares of TechnipFMC by 382.9% during the second quarter. Bessemer Group Inc. now owns 1,975 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 1,566 shares during the period. Covestor Ltd acquired a new stake in TechnipFMC in the second quarter valued at approximately $42,000. American International Group Inc. acquired a new stake in TechnipFMC in the second quarter valued at approximately $65,000. CWM LLC lifted its stake in TechnipFMC by 2,137.3% in the second quarter. CWM LLC now owns 5,034 shares of the oil and gas company’s stock valued at $84,000 after acquiring an additional 4,809 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in TechnipFMC by 199.5% in the third quarter. Tower Research Capital LLC TRC now owns 6,612 shares of the oil and gas company’s stock valued at $56,000 after acquiring an additional 4,404 shares during the last quarter. 98.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FTI. ATB Capital set a $30.00 target price on shares of TechnipFMC and gave the company an “outperform” rating in a research note on Friday, December 22nd. BNP Paribas cut shares of TechnipFMC from an “outperform” rating to a “neutral” rating and set a $23.50 target price for the company. in a research note on Monday, November 6th. Finally, Barclays lifted their target price on shares of TechnipFMC from $24.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.86.

Check Out Our Latest Report on TechnipFMC

TechnipFMC Trading Down 0.6 %

Shares of FTI stock opened at $19.14 on Friday. TechnipFMC plc has a 1 year low of $12.04 and a 1 year high of $22.78. The firm’s fifty day simple moving average is $19.54 and its 200 day simple moving average is $19.87. The firm has a market capitalization of $8.33 billion, a P/E ratio of -239.25 and a beta of 1.62. The company has a current ratio of 1.19, a quick ratio of 0.93 and a debt-to-equity ratio of 0.32.

TechnipFMC Profile

(Free Report)

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses in Europe, Central Asia, North and Latin America, the Asia Pacific, Africa, and the Middle East. 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.

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Institutional Ownership by Quarter for TechnipFMC (NYSE:FTI)

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