KBC Group NV Has $16.577 Million Position in TechnipFMC plc Ordinary Share (FTI)

KBC Group NV raised its stake in TechnipFMC plc Ordinary Share (NYSE:FTI) by 2,001.5% during the first quarter, Holdings Channel reports. The firm owned 510,053 shares of the oil and gas company’s stock after buying an additional 485,782 shares during the period. KBC Group NV’s holdings in TechnipFMC plc Ordinary Share were worth $16,577,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. First Eagle Investment Management LLC raised its stake in TechnipFMC plc Ordinary Share by 68.6% in the first quarter. First Eagle Investment Management LLC now owns 19,967,797 shares of the oil and gas company’s stock valued at $648,953,000 after buying an additional 8,122,004 shares in the last quarter. JPMorgan Chase & Co. raised its stake in TechnipFMC plc Ordinary Share by 79.6% in the first quarter. JPMorgan Chase & Co. now owns 10,782,483 shares of the oil and gas company’s stock valued at $350,431,000 after buying an additional 4,780,276 shares in the last quarter. UBS Group AG raised its stake in TechnipFMC plc Ordinary Share by 4,328.9% in the third quarter. UBS Group AG now owns 4,250,357 shares of the oil and gas company’s stock valued at $126,108,000 after buying an additional 4,154,389 shares in the last quarter. Norges Bank bought a new stake in TechnipFMC plc Ordinary Share during the fourth quarter valued at approximately $73,259,000. Finally, APG Asset Management N.V. raised its stake in TechnipFMC plc Ordinary Share by 295.3% in the third quarter. APG Asset Management N.V. now owns 2,351,080 shares of the oil and gas company’s stock valued at $69,757,000 after buying an additional 1,756,327 shares in the last quarter. Institutional investors own 91.01% of the company’s stock.

Institutional Ownership by Quarter for TechnipFMC plc Ordinary Share (NYSE:FTI)

Shares of TechnipFMC plc Ordinary Share (NYSE:FTI) traded up 1.71% on Friday, hitting $32.08. The stock had a trading volume of 2,992,644 shares. The stock has a market cap of $14.97 billion, a P/E ratio of 19.24 and a beta of 1.01. TechnipFMC plc Ordinary Share has a 12 month low of $29.86 and a 12 month high of $36.14. The firm has a 50 day moving average of $31.96 and a 200 day moving average of $33.30.

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Several research firms have commented on FTI. Barclays PLC set a $33.00 price objective on TechnipFMC plc Ordinary Share and gave the stock a “hold” rating in a research report on Saturday, May 6th. Scotiabank set a $40.00 price objective on TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a research report on Saturday, April 1st. Goldman Sachs Group Inc began coverage on TechnipFMC plc Ordinary Share in a research report on Tuesday, January 24th. They issued a “buy” rating and a $40.00 price objective on the stock. Sanford C. Bernstein upgraded TechnipFMC plc Ordinary Share from an “underperform” rating to a “market perform” rating and set a $29.00 price objective on the stock in a research report on Tuesday. Finally, BMO Capital Markets set a $37.00 price objective on TechnipFMC plc Ordinary Share and gave the stock a “hold” rating in a research report on Wednesday, March 1st. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $35.41.

In other TechnipFMC plc Ordinary Share news, Director Peter Mellbye sold 10,140 shares of the business’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $33.02, for a total transaction of $334,822.80. Following the sale, the director now directly owns 26,547 shares in the company, valued at $876,581.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Richard G. Alabaster sold 8,000 shares of the business’s stock in a transaction on Monday, March 27th. The stock was sold at an average price of $31.29, for a total value of $250,320.00. Following the sale, the insider now owns 60,418 shares in the company, valued at $1,890,479.22. The disclosure for this sale can be found here. Insiders have sold 50,140 shares of company stock worth $1,604,983 in the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

About TechnipFMC plc Ordinary Share

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

12 Month Chart for NYSE:FTI

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