Engineers Gate Manager LP bought a new position in shares of Flotek Industries, Inc. (NYSE:FTK) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 28,700 shares of the oil and gas company’s stock, valued at approximately $133,000. Engineers Gate Manager LP owned 0.05% of Flotek Industries as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Flotek Industries by 3,092.1% during the second quarter. JPMorgan Chase & Co. now owns 4,058,817 shares of the oil and gas company’s stock worth $36,286,000 after purchasing an additional 3,931,665 shares during the period. Stephens Inc. AR boosted its position in shares of Flotek Industries by 38.1% in the second quarter. Stephens Inc. AR now owns 565,675 shares of the oil and gas company’s stock valued at $5,057,000 after acquiring an additional 155,964 shares during the period. Stifel Financial Corp boosted its position in shares of Flotek Industries by 14.5% in the second quarter. Stifel Financial Corp now owns 630,364 shares of the oil and gas company’s stock valued at $5,635,000 after acquiring an additional 79,639 shares during the period. Laurion Capital Management LP bought a new stake in shares of Flotek Industries in the second quarter valued at approximately $5,303,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Flotek Industries in the third quarter valued at approximately $413,000. 84.91% of the stock is owned by hedge funds and other institutional investors.

Shares of Flotek Industries, Inc. (NYSE FTK) opened at $4.59 on Tuesday. Flotek Industries, Inc. has a 12-month low of $4.14 and a 12-month high of $14.51.

Flotek Industries (NYSE:FTK) last posted its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.05). Flotek Industries had a negative net margin of 10.41% and a negative return on equity of 1.64%. The business had revenue of $79.46 million during the quarter, compared to the consensus estimate of $85.10 million. During the same period in the prior year, the company posted ($0.06) earnings per share. The firm’s revenue was up 23.5% compared to the same quarter last year. research analysts expect that Flotek Industries, Inc. will post -0.12 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on FTK shares. BidaskClub cut Flotek Industries from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Zacks Investment Research raised Flotek Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, September 4th.

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Flotek Industries Company Profile

Flotek Industries, Inc is a technology-driven company. The Company develops and supplies chemistry and services to the oil and gas industries, and compounds to companies that make cleaning products, cosmetics, food and beverages, and other products that are sold in consumer and industrial markets. The Company operates through two segments: Energy Chemistry Technologies (ECT), and Consumer and Industrial Chemistry Technologies (CICT).

Institutional Ownership by Quarter for Flotek Industries (NYSE:FTK)

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