Susquehanna Cuts TechnipFMC (NYSE:FTI) Price Target to $35.00

TechnipFMC (NYSE:FTI) had its price target decreased by Susquehanna from $41.00 to $35.00 in a research report released on Monday morning,Benzinga reports. Susquehanna currently has a positive rating on the oil and gas company’s stock.

A number of other research analysts have also commented on FTI. Barclays upped their price target on shares of TechnipFMC from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, March 3rd. StockNews.com cut TechnipFMC from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Piper Sandler increased their price objective on TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Finally, Evercore ISI boosted 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. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, TechnipFMC currently has a consensus rating of “Moderate Buy” and an average price target of $36.15.

TechnipFMC Trading Down 0.4 %

Shares of TechnipFMC stock opened at $24.98 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The business has a fifty day simple moving average of $28.20 and a two-hundred day simple moving average of $28.94. TechnipFMC has a 1 year low of $22.12 and a 1 year high of $33.45. The company has a market capitalization of $10.51 billion, a price-to-earnings ratio of 16.43 and a beta of 1.11.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.80%. TechnipFMC’s dividend payout ratio is currently 10.42%.

Insider Activity at TechnipFMC

In related news, CAO David Light sold 10,147 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total transaction of $252,660.30. Following the sale, the chief accounting officer now owns 7,529 shares in the company, valued at $187,472.10. The trade was a 57.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Justin Rounce sold 42,178 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the transaction, the executive vice president now directly owns 140,207 shares of the company’s stock, valued at approximately $3,722,495.85. The trade was a 23.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,706 shares of company stock valued at $1,651,665 over the last ninety days. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FTI. Smartleaf Asset Management LLC grew its holdings in TechnipFMC by 55.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 525 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of TechnipFMC during the fourth quarter worth $45,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of TechnipFMC in the fourth quarter worth $46,000. EverSource Wealth Advisors LLC raised its position in TechnipFMC by 393.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company’s stock worth $49,000 after purchasing an additional 1,338 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in TechnipFMC by 48.2% during the 4th quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock worth $50,000 after buying an additional 563 shares during the period. Institutional investors and hedge funds own 96.58% of the company’s stock.

About TechnipFMC

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.