Icon Wealth Advisors LLC Reduces Position in Forum Energy Technologies, Inc. (NYSE:FET)

Icon Wealth Advisors LLC trimmed its holdings in Forum Energy Technologies, Inc. (NYSE:FET - Free Report) by 92.1% in the 3rd quarter, according to the company in its most recent 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its stake in Forum Energy Technologies by 0.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 255,409 shares of the oil and gas company's stock valued at $4,306,000 after purchasing an additional 1,511 shares in the last quarter. Vanguard Group Inc. increased its position in shares of 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 valued at $10,752,000 after acquiring an additional 3,516 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Forum Energy Technologies by 19.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 55,691 shares of the oil and gas company's stock worth $939,000 after acquiring an additional 9,090 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Forum Energy Technologies by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 438,899 shares of the oil and gas company's stock valued at $7,400,000 after acquiring an additional 25,982 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in Forum Energy Technologies by 123.9% in the 2nd quarter. Squarepoint Ops LLC now owns 31,044 shares of the oil and gas company's stock valued at $523,000 after acquiring an additional 17,177 shares in the last quarter. 65.60% of the stock is owned by hedge funds and other institutional investors.

Forum Energy Technologies Stock Performance

Shares of NYSE FET traded down $0.09 during trading on Monday, reaching $15.16. 145,607 shares of the company traded hands, compared to its average volume of 43,636. The company has a quick ratio of 0.87, a current ratio of 1.93 and a debt-to-equity ratio of 0.37. The firm has a 50 day simple moving average of $15.36 and a 200-day simple moving average of $16.46. Forum Energy Technologies, Inc. has a 52-week low of $12.83 and a 52-week high of $23.82. The stock has a market capitalization of $186.23 million, a PE ratio of -3.61 and a beta of 2.46.

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.