NYL Investors LLC Has $160,000 Position in Forum Energy Technologies, Inc. (NYSE:FET)

NYL Investors LLC trimmed its holdings in shares of Forum Energy Technologies, Inc. (NYSE:FET - Free Report) 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 owned about 0.08% of Forum Energy Technologies worth $160,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of FET. Crossingbridge Advisors LLC purchased a new position in Forum Energy Technologies during the 3rd quarter valued at about $3,721,000. State Street Corp boosted its stake in shares of Forum Energy Technologies by 6.9% during the 3rd quarter. State Street Corp now owns 198,479 shares of the oil and gas company's stock valued at $3,068,000 after buying an additional 12,785 shares during the period. Barclays PLC boosted its stake in shares of Forum Energy Technologies by 86.0% during the 3rd quarter. Barclays PLC now owns 27,714 shares of the oil and gas company's stock valued at $428,000 after buying an additional 12,810 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Forum Energy Technologies by 71.7% in the third quarter. JPMorgan Chase & Co. now owns 8,845 shares of the oil and gas company's stock worth $137,000 after acquiring an additional 3,693 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Forum Energy Technologies by 4.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 267,858 shares of the oil and gas company's stock worth $4,141,000 after acquiring an additional 12,449 shares in the last quarter. 65.60% of the stock is owned by institutional investors.

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 stock was 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 approximately $248,424.61. This represents a 23.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 5.80% of the stock is owned by company insiders.

Forum Energy Technologies Stock Down 3.6 %

Shares of FET traded down $0.73 during midday trading on Wednesday, reaching $19.15. 10,449 shares of the stock were exchanged, compared to its average volume of 68,323. The firm has a 50 day simple moving average of $17.02 and a 200-day simple moving average of $16.16. Forum Energy Technologies, Inc. has a 12-month low of $12.83 and a 12-month high of $20.85. The company has a market cap of $235.10 million, a price-to-earnings ratio of -4.53 and a beta of 2.38. The company has a quick ratio of 0.87, a current ratio of 1.93 and a debt-to-equity ratio of 0.37.

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.