TechnipFMC plc (NYSE:FTI – Get Free Report) CAO David Light sold 10,147 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total value of $252,660.30. Following the transaction, the chief accounting officer now directly owns 7,529 shares of the company’s stock, valued at approximately $187,472.10. This represents a 57.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
TechnipFMC Stock Up 2.8 %
TechnipFMC stock opened at $27.25 on Friday. TechnipFMC plc has a twelve month low of $22.99 and a twelve month high of $33.45. The stock has a 50 day moving average of $30.07 and a two-hundred day moving average of $28.60. 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 stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of 17.92 and a beta of 1.54.
TechnipFMC Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.73%. TechnipFMC’s dividend payout ratio is currently 10.42%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on TechnipFMC
Institutional Trading of TechnipFMC
Several hedge funds have recently modified their holdings of FTI. Pacer Advisors Inc. acquired a new stake in shares of TechnipFMC in the 3rd quarter valued at approximately $185,643,000. Ameriprise Financial Inc. lifted its holdings in shares of TechnipFMC by 31.5% in the 4th quarter. Ameriprise Financial Inc. now owns 16,538,230 shares of the oil and gas company’s stock valued at $478,620,000 after buying an additional 3,962,315 shares during the period. Norges Bank acquired a new stake in shares of TechnipFMC in the 4th quarter valued at approximately $96,808,000. Anomaly Capital Management LP lifted its holdings in shares of TechnipFMC by 46.5% in the 4th quarter. Anomaly Capital Management LP now owns 7,266,580 shares of the oil and gas company’s stock valued at $210,295,000 after buying an additional 2,306,342 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of TechnipFMC in the 3rd quarter valued at approximately $49,273,000. 96.58% of the stock is owned by institutional investors and hedge funds.
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.
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