Forum Energy Technologies, Inc. (NYSE:FET) Holdings Cut by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC trimmed its holdings in Forum Energy Technologies, Inc. (NYSE:FET) by 92.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,000 shares of the oil and gas company’s stock after selling 58,533 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Forum Energy Technologies were worth $77,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Forum Energy Technologies by 0.7% during the first quarter. Vanguard Group Inc. now owns 538,148 shares of the oil and gas company’s stock worth $10,752,000 after buying an additional 3,516 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Forum Energy Technologies by 19.5% during the second quarter. Bank of New York Mellon Corp now owns 55,691 shares of the oil and gas company’s stock worth $939,000 after purchasing an additional 9,090 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Forum Energy Technologies by 0.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 255,409 shares of the oil and gas company’s stock worth $4,306,000 after acquiring an additional 1,511 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Forum Energy Technologies by 24.5% during the 2nd quarter. Rhumbline Advisers now owns 17,483 shares of the oil and gas company’s stock worth $295,000 after purchasing an additional 3,437 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings 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 valued at $7,400,000 after buying an additional 25,982 shares in the last quarter. Institutional investors own 65.60% of the company’s stock.

Forum Energy Technologies Trading Up 2.4 %

Shares of FET stock opened at $15.25 on Monday. The company has a market cap of $187.27 million, a PE ratio of -3.61 and a beta of 2.46. The business’s 50 day moving average is $15.36 and its two-hundred day moving average is $16.46. Forum Energy Technologies, Inc. has a 12 month low of $12.83 and a 12 month high of $23.82. The company has a quick ratio of 0.87, a current ratio of 1.93 and a debt-to-equity ratio of 0.37.

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.