Forum Energy Technologies, Inc. (NYSE:FET) Position Trimmed by NYL Investors LLC

NYL Investors LLC trimmed its holdings in shares of Forum Energy Technologies, Inc. (NYSE:FET) by 93.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,301 shares of the oil and gas company’s stock after selling 153,533 shares during the period. NYL Investors LLC’s holdings in Forum Energy Technologies were worth $160,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in Forum Energy Technologies by 71.7% during the third quarter. JPMorgan Chase & Co. now owns 8,845 shares of the oil and gas company’s stock worth $137,000 after buying an additional 3,693 shares in the last quarter. Barclays PLC boosted its stake in Forum Energy Technologies by 86.0% in the 3rd quarter. Barclays PLC now owns 27,714 shares of the oil and gas company’s stock worth $428,000 after purchasing an additional 12,810 shares during the period. Icon Wealth Advisors LLC boosted its stake in Forum Energy Technologies by 44.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 91,758 shares of the oil and gas company’s stock worth $1,419,000 after purchasing an additional 28,225 shares during the period. State Street Corp boosted its stake in Forum Energy Technologies by 6.9% in the 3rd quarter. State Street Corp now owns 198,479 shares of the oil and gas company’s stock worth $3,068,000 after purchasing an additional 12,785 shares during the period. Finally, Crossingbridge Advisors LLC acquired a new position in Forum Energy Technologies in the 3rd quarter worth approximately $3,721,000. 65.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Louis Raspino sold 4,950 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $15.41, for a total value of $76,279.50. Following the completion of the transaction, the director now owns 16,121 shares of the company’s stock, valued at approximately $248,424.61. This trade represents a 23.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.20% of the company’s stock.

Forum Energy Technologies Trading Up 5.1 %

Forum Energy Technologies stock opened at $19.36 on Friday. The company has a 50 day moving average price of $16.86 and a 200 day moving average price of $16.14. Forum Energy Technologies, Inc. has a 52 week low of $12.83 and a 52 week high of $20.85. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.87 and a current ratio of 1.93. The firm has a market capitalization of $237.69 million, a price-to-earnings ratio of -4.58 and a beta of 2.38.

Forum Energy Technologies Profile

Forum Energy Technologies, Inc designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction and services markets, including applications in oil and natural gas, renewable energy, defense, and communications.