Y Intercept Hong Kong Ltd Purchases Shares of 47,546 TechnipFMC plc (NYSE:FTI)

Y Intercept Hong Kong Ltd purchased a new stake in TechnipFMC plc (NYSE:FTI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 47,546 shares of the oil and gas company’s stock, valued at approximately $1,376,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. TCW Group Inc. increased its holdings in TechnipFMC by 72.8% in the 4th quarter. TCW Group Inc. now owns 398,622 shares of the oil and gas company’s stock valued at $11,536,000 after buying an additional 167,992 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of TechnipFMC by 352.0% in the 4th quarter. First Horizon Advisors Inc. now owns 4,027 shares of the oil and gas company’s stock valued at $117,000 after purchasing an additional 3,136 shares in the last quarter. Olympiad Research LP acquired a new stake in shares of TechnipFMC in the 4th quarter valued at $331,000. Sigma Planning Corp boosted its stake in shares of TechnipFMC by 3.3% in the 4th quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company’s stock valued at $334,000 after purchasing an additional 363 shares in the last quarter. Finally, Navellier & Associates Inc. boosted its stake in shares of TechnipFMC by 8.1% in the 4th quarter. Navellier & Associates Inc. now owns 91,353 shares of the oil and gas company’s stock valued at $2,644,000 after purchasing an additional 6,853 shares in the last quarter. Institutional investors own 96.58% of the company’s stock.

TechnipFMC Stock Performance

TechnipFMC stock opened at $27.71 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. TechnipFMC plc has a 1 year low of $21.28 and a 1 year high of $33.45. The company has a market cap of $11.79 billion, a PE ratio of 18.23 and a beta of 1.52. The company’s 50-day moving average is $30.62 and its two-hundred day moving average is $28.56.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.72%. TechnipFMC’s payout ratio is presently 13.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FTI shares. Hsbc Global Res upgraded shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. TD Cowen restated a “buy” rating and issued a $37.00 target price on shares of TechnipFMC in a research note on Wednesday, November 27th. HSBC upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Tuesday, October 29th. Piper Sandler began coverage on shares of TechnipFMC in a research note on Thursday, December 19th. They issued an “overweight” rating and a $39.00 target price on the stock. Finally, Citigroup upped their price target on shares of TechnipFMC from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $36.15.

TechnipFMC Profile

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.