Venturi Wealth Management LLC Purchases Shares of 3,599 TechnipFMC plc (NYSE:FTI)

Venturi Wealth Management LLC bought a new position in shares of TechnipFMC plc (NYSE:FTI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,599 shares of the oil and gas company’s stock, valued at approximately $104,000.

Several other institutional investors have also recently made changes to their positions in FTI. Baker Tilly Wealth Management LLC lifted its stake in shares of TechnipFMC by 4.1% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 8,581 shares of the oil and gas company’s stock valued at $248,000 after purchasing an additional 338 shares during the period. Yousif Capital Management LLC grew its position in shares of TechnipFMC by 4.6% in the fourth quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company’s stock valued at $236,000 after purchasing an additional 357 shares during the period. GAMMA Investing LLC increased its stake in shares of TechnipFMC by 22.3% during the fourth quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company’s stock worth $66,000 after purchasing an additional 414 shares in the last quarter. Ballentine Partners LLC raised its position in shares of TechnipFMC by 3.8% during the 4th quarter. Ballentine Partners LLC now owns 11,646 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 423 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in TechnipFMC by 48.2% in the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 563 shares in the last quarter. Hedge funds and other institutional investors own 96.58% of the company’s stock.

TechnipFMC Price Performance

FTI stock opened at $29.06 on Monday. The company has a market capitalization of $12.36 billion, a PE ratio of 19.12 and a beta of 1.52. TechnipFMC plc has a 12-month low of $20.04 and a 12-month high of $33.45. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The business’s fifty day moving average price is $30.71 and its 200 day moving average price is $28.53.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FTI shares. Citigroup increased their price objective on TechnipFMC from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Barclays increased their target price on shares of TechnipFMC from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group started coverage on shares of TechnipFMC in a research report on Friday, December 13th. They set a “buy” rating and a $38.00 price target on the stock. StockNews.com upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, TD Cowen reissued a “buy” rating and set a $37.00 price objective on shares of TechnipFMC in a research note on Wednesday, November 27th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $36.15.

TechnipFMC Company 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.