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

JPMorgan Chase & Co. boosted its holdings in Forum Energy Technologies, Inc. (NYSE:FET - Free Report) by 445.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,209 shares of the oil and gas company's stock after purchasing an additional 39,364 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.39% of Forum Energy Technologies worth $747,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in FET. Barclays PLC increased 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 acquiring an additional 12,810 shares during the last quarter. American Century Companies Inc. raised its stake in Forum Energy Technologies by 41.0% during the fourth quarter. American Century Companies Inc. now owns 71,940 shares of the oil and gas company's stock worth $1,114,000 after purchasing an additional 20,925 shares during the period. Monaco Asset Management SAM grew its stake in shares of Forum Energy Technologies by 9.8% during the 4th quarter. Monaco Asset Management SAM now owns 75,118 shares of the oil and gas company's stock valued at $1,164,000 after buying an additional 6,709 shares during the period. State Street Corp increased its holdings 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 worth $3,068,000 after buying an additional 12,785 shares during the last quarter. Finally, Tejara Capital Ltd grew its position in Forum Energy Technologies by 5.4% during the fourth quarter. Tejara Capital Ltd now owns 230,545 shares of the oil and gas company's stock valued at $3,571,000 after acquiring an additional 11,736 shares during the period. 65.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Forum Energy Technologies

In other news, CEO Neal Lux purchased 9,129 shares of the stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $17.65 per share, for a total transaction of $161,126.85. Following the completion of the transaction, the chief executive officer now owns 212,250 shares of the company's stock, valued at approximately $3,746,212.50. The trade was a 4.49 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Forum Energy Technologies from a "buy" rating to a "hold" rating in a report on Thursday, March 6th.

Forum Energy Technologies Stock Down 3.9 %

NYSE:FET traded down $0.59 during trading hours on Monday, hitting $14.47. The stock had a trading volume of 12,931 shares, compared to its average volume of 73,509. The company has a market cap of $178.93 million, a PE ratio of -1.32 and a beta of 1.74. The business has a 50 day simple moving average of $17.11 and a two-hundred day simple moving average of $16.56. Forum Energy Technologies, Inc. has a 1-year low of $12.78 and a 1-year high of $21.57. 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 (NYSE:FET - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.39). Forum Energy Technologies had a negative return on equity of 2.39% and a negative net margin of 16.57%. The firm had revenue of $193.30 million for the quarter, compared to analysts' expectations of $196.45 million. During the same period last year, the firm earned ($0.12) EPS.

Forum Energy Technologies Company 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.