Hsbc Holdings PLC Purchases 81,560 Shares of TechnipFMC plc (NYSE:FTI)

Hsbc Holdings PLC lifted its position in TechnipFMC plc (NYSE:FTIFree Report) by 319.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,094 shares of the oil and gas company’s stock after purchasing an additional 81,560 shares during the quarter. Hsbc Holdings PLC’s holdings in TechnipFMC were worth $2,175,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust bought a new position in TechnipFMC in the 3rd quarter worth about $29,000. Johnson Financial Group Inc. purchased a new stake in TechnipFMC in the fourth quarter valued at approximately $33,000. Harvest Fund Management Co. Ltd bought a new stake in TechnipFMC during the fourth quarter valued at approximately $45,000. Systematic Alpha Investments LLC purchased a new position in TechnipFMC in the 3rd quarter worth approximately $146,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of TechnipFMC in the 4th quarter worth $203,000. Institutional investors own 96.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a report on Sunday, April 28th. Barclays lifted their price target on TechnipFMC from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Susquehanna increased their price objective on TechnipFMC from $27.00 to $34.00 and gave the company a “positive” rating in a research report on Friday, April 26th. HSBC downgraded TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 target price for the company. in a research report on Friday, February 23rd. Finally, Piper Sandler increased their price target on shares of TechnipFMC from $30.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.21.

View Our Latest Stock Report on TechnipFMC

TechnipFMC Trading Up 0.4 %

Shares of FTI opened at $24.37 on Friday. The stock has a market capitalization of $10.50 billion, a P/E ratio of 51.85 and a beta of 1.58. TechnipFMC plc has a twelve month low of $14.23 and a twelve month high of $27.30. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $25.98 and a two-hundred day simple moving average of $22.54.

TechnipFMC (NYSE:FTIGet Free Report) last posted its earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.96 billion. TechnipFMC had a net margin of 2.61% and a return on equity of 9.57%. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. On average, research analysts anticipate that TechnipFMC plc will post 1.18 EPS for the current year.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st were given a $0.05 dividend. The ex-dividend date was Monday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.82%. TechnipFMC’s dividend payout ratio is currently 42.55%.

TechnipFMC Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for TechnipFMC (NYSE:FTI)

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