Forum Energy Technologies, Inc. (NYSE:FET) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of Forum Energy Technologies, Inc. (NYSE:FET) by 71.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,845 shares of the oil and gas company’s stock after buying an additional 3,693 shares during the period. JPMorgan Chase & Co. owned approximately 0.07% of Forum Energy Technologies worth $137,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of Forum Energy Technologies by 86.0% during the third 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 last quarter. Squarepoint Ops LLC raised its holdings in shares of Forum Energy Technologies by 123.9% during the second quarter. Squarepoint Ops LLC now owns 31,044 shares of the oil and gas company’s stock worth $523,000 after purchasing an additional 17,177 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Forum Energy Technologies by 21.8% in the second quarter. Renaissance Technologies LLC now owns 79,900 shares of the oil and gas company’s stock valued at $1,347,000 after buying an additional 14,300 shares in the last quarter. Icon Wealth Advisors LLC raised its position in shares of Forum Energy Technologies by 44.4% in the third quarter. Icon Wealth Advisors LLC now owns 91,758 shares of the oil and gas company’s stock worth $1,419,000 after acquiring an additional 28,225 shares during the period. Finally, State Street Corp raised its position in shares of Forum Energy Technologies by 6.9% in the third quarter. State Street Corp now owns 198,479 shares of the oil and gas company’s stock worth $3,068,000 after acquiring an additional 12,785 shares during the period. Hedge funds and other institutional investors own 65.60% of the company’s stock.

Insiders Place Their Bets

In other Forum Energy Technologies news, Director Louis Raspino sold 4,950 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $15.41, for a total transaction of $76,279.50. Following the completion of the transaction, the director now owns 16,121 shares of the company’s stock, valued at $248,424.61. This represents a 23.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.20% of the stock is currently owned by company insiders.

Forum Energy Technologies Stock Performance

NYSE FET opened at $18.15 on Monday. The stock has a market capitalization of $222.88 million, a price-to-earnings ratio of -4.29 and a beta of 2.40. The stock has a 50-day moving average of $16.30 and a 200 day moving average of $16.12. The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.37. Forum Energy Technologies, Inc. has a twelve month low of $12.83 and a twelve month high of $20.85.

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.