State Street Corp Has $3.07 Million Stock Holdings in Forum Energy Technologies, Inc. (NYSE:FET)

State Street Corp increased its position in Forum Energy Technologies, Inc. (NYSE:FET) by 6.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 198,479 shares of the oil and gas company’s stock after buying an additional 12,785 shares during the quarter. State Street Corp owned 1.62% of Forum Energy Technologies worth $3,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in FET. SCF Partners Inc. bought a new position in Forum Energy Technologies during the 3rd quarter worth approximately $12,843,000. Crossingbridge Advisors LLC acquired a new stake in shares of Forum Energy Technologies during the third quarter worth $3,721,000. Icon Wealth Advisors LLC increased its position in shares of Forum Energy Technologies by 44.4% during 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 buying an additional 28,225 shares during the period. Dimensional Fund Advisors LP raised its stake in Forum Energy Technologies by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 438,899 shares of the oil and gas company’s stock worth $7,400,000 after buying an additional 25,982 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in Forum Energy Technologies by 123.9% in the second quarter. Squarepoint Ops LLC now owns 31,044 shares of the oil and gas company’s stock valued at $523,000 after buying an additional 17,177 shares during the period. Institutional investors own 65.60% of the company’s stock.

Insider Activity at Forum Energy Technologies

In other news, Director Louis Raspino sold 4,950 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $15.41, for a total transaction of $76,279.50. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.20% of the stock is owned by corporate insiders.

Forum Energy Technologies Stock Performance

Shares of FET opened at $15.49 on Wednesday. The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.37. The firm’s fifty day simple moving average is $14.94 and its two-hundred day simple moving average is $15.91. Forum Energy Technologies, Inc. has a 12 month low of $12.83 and a 12 month high of $23.21. The stock has a market capitalization of $190.28 million, a P/E ratio of -3.66 and a beta of 2.44.

About Forum Energy Technologies

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.