20,342 Shares in Forum Energy Technologies, Inc. (NYSE:FET) Acquired by Trexquant Investment LP

Trexquant Investment LP bought a new position in shares of Forum Energy Technologies, Inc. (NYSE:FET - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,342 shares of the oil and gas company's stock, valued at approximately $315,000. Trexquant Investment LP owned about 0.17% of Forum Energy Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings 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 valued at $137,000 after purchasing an additional 3,693 shares in the last quarter. Diametric Capital LP purchased a new position in shares of Forum Energy Technologies in the 4th quarter worth $350,000. Barclays PLC increased its holdings in shares of Forum Energy Technologies by 86.0% in the 3rd quarter. Barclays PLC now owns 27,714 shares of the oil and gas company's stock worth $428,000 after buying an additional 12,810 shares during the last quarter. American Century Companies Inc. raised its position in shares of Forum Energy Technologies by 41.0% during the 4th quarter. American Century Companies Inc. now owns 71,940 shares of the oil and gas company's stock valued at $1,114,000 after buying an additional 20,925 shares in the last quarter. Finally, Monaco Asset Management SAM lifted its holdings in shares of Forum Energy Technologies by 9.8% in 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 acquiring an additional 6,709 shares during the last quarter. 65.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Forum Energy Technologies

In other Forum Energy Technologies news, CEO Neal Lux bought 9,129 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost 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 in the company, valued at $3,746,212.50. This trade represents a 4.49 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.90% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com cut Forum Energy Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th.

Forum Energy Technologies Trading Up 2.7 %

NYSE:FET traded up $0.41 during midday trading on Friday, hitting $15.46. 62,745 shares of the company traded hands, compared to its average volume of 60,617. The firm has a market capitalization of $191.24 million, a P/E ratio of -1.41 and a beta of 1.74. The firm's fifty day moving average is $17.87 and its 200-day moving average is $16.59. Forum Energy Technologies, Inc. has a 12-month low of $12.78 and a 12-month 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 earnings results on Thursday, February 20th. The oil and gas company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.58). The firm had revenue of $201.00 million during the quarter, compared to the consensus estimate of $201.85 million. Forum Energy Technologies had a negative return on equity of 2.39% and a negative net margin of 16.57%.

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.