New York State Common Retirement Fund trimmed its holdings in Flotek Industries, Inc. (NYSE:FTK) by 0.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 55,300 shares of the oil and gas company’s stock after selling 1 shares during the period. New York State Common Retirement Fund owned 0.10% of Flotek Industries worth $494,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FTK. Municipal Employees Retirement System of Michigan increased its stake in shares of Flotek Industries by 5.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 12,790 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 700 shares during the period. KCG Holdings Inc. acquired a new position in shares of Flotek Industries during the first quarter worth about $137,000. BNP Paribas Arbitrage SA increased its stake in shares of Flotek Industries by 59.0% during the second quarter. BNP Paribas Arbitrage SA now owns 17,562 shares of the oil and gas company’s stock worth $157,000 after acquiring an additional 6,518 shares during the period. IPG Investment Advisors LLC acquired a new position in shares of Flotek Industries during the second quarter worth about $175,000. Finally, Aperio Group LLC increased its stake in shares of Flotek Industries by 16.0% during the second quarter. Aperio Group LLC now owns 19,651 shares of the oil and gas company’s stock worth $176,000 after acquiring an additional 2,716 shares during the period. 96.97% of the stock is owned by institutional investors and hedge funds.

Flotek Industries, Inc. (NYSE:FTK) opened at $4.82 on Monday. Flotek Industries, Inc. has a one year low of $4.14 and a one year high of $14.51.

Flotek Industries (NYSE:FTK) last issued its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). Flotek Industries had a negative return on equity of 1.64% and a negative net margin of 10.41%. The firm had revenue of $79.46 million for the quarter, compared to analyst estimates of $85.10 million. During the same quarter last year, the firm earned ($0.06) earnings per share. The company’s revenue was up 23.5% compared to the same quarter last year. sell-side analysts anticipate that Flotek Industries, Inc. will post -0.12 earnings per share for the current year.

A number of brokerages have recently issued reports on FTK. Seaport Global Securities reiterated a “buy” rating on shares of Flotek Industries in a research note on Thursday, July 20th. BidaskClub lowered shares of Flotek Industries from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research lowered shares of Flotek Industries from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 20th.

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About Flotek Industries

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).

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

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