TechnipFMC plc (NYSE:FTI) Shares Bought by Ieq Capital LLC

Ieq Capital LLC grew its stake in TechnipFMC plc (NYSE:FTI) by 971.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 292,871 shares of the oil and gas company’s stock after buying an additional 265,546 shares during the quarter. Ieq Capital LLC owned 0.07% of TechnipFMC worth $8,476,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pacer Advisors Inc. purchased a new position in TechnipFMC in the third quarter worth approximately $185,643,000. Westfield Capital Management Co. LP purchased a new stake in shares of TechnipFMC during the 3rd quarter worth $49,273,000. Jennison Associates LLC lifted its position in shares of TechnipFMC by 95.0% during the 3rd quarter. Jennison Associates LLC now owns 2,360,587 shares of the oil and gas company’s stock worth $61,918,000 after purchasing an additional 1,150,049 shares during the last quarter. Hardman Johnston Global Advisors LLC grew its stake in shares of TechnipFMC by 13.5% during the third quarter. Hardman Johnston Global Advisors LLC now owns 9,015,711 shares of the oil and gas company’s stock worth $236,482,000 after purchasing an additional 1,071,103 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in TechnipFMC by 50.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,309,710 shares of the oil and gas company’s stock valued at $66,842,000 after buying an additional 773,000 shares during the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

TechnipFMC Stock Down 1.0 %

FTI stock opened at $30.49 on Friday. The stock has a market capitalization of $12.97 billion, a PE ratio of 20.06 and a beta of 1.52. The company has a fifty day moving average of $30.75 and a 200-day moving average of $28.47. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. TechnipFMC plc has a one year low of $19.85 and a one year high of $33.45.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FTI. Citigroup lifted their price target on TechnipFMC from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. HSBC upgraded TechnipFMC from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Tuesday, October 29th. StockNews.com upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Hsbc Global Res upgraded shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, Evercore ISI increased their target price on shares of TechnipFMC from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus 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.