Pioneer Investment Management Inc. decreased its position in Flotek Industries, Inc. (NYSE:FTK) by 34.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 386,141 shares of the oil and gas company’s stock after selling 200,406 shares during the period. Pioneer Investment Management Inc.’s holdings in Flotek Industries were worth $3,452,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of FTK. First Mercantile Trust Co. purchased a new stake in shares of Flotek Industries during the first quarter worth approximately $112,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of Flotek Industries by 5.8% in 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 buying an additional 700 shares during the last quarter. KCG Holdings Inc. purchased a new stake in shares of Flotek Industries during the first quarter worth approximately $137,000. BNP Paribas Arbitrage SA boosted its stake in shares of Flotek Industries by 12.3% in the first quarter. BNP Paribas Arbitrage SA now owns 11,044 shares of the oil and gas company’s stock worth $141,000 after buying an additional 1,209 shares during the last quarter. Finally, RNC Capital Management LLC boosted its stake in shares of Flotek Industries by 10.0% in the first quarter. RNC Capital Management LLC now owns 11,035 shares of the oil and gas company’s stock worth $141,000 after buying an additional 1,000 shares during the last quarter. 98.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of Flotek Industries, Inc. (NYSE:FTK) opened at 5.97 on Tuesday. Flotek Industries, Inc. has a 52 week low of $4.91 and a 52 week high of $16.93. The firm’s market cap is $342.27 million. The stock’s 50 day moving average is $8.07 and its 200-day moving average is $10.44.

ILLEGAL ACTIVITY WARNING: “Pioneer Investment Management Inc. Has $3.45 Million Stake in Flotek Industries, Inc. (FTK)” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.watchlistnews.com/pioneer-investment-management-inc-has-3-45-million-stake-in-flotek-industries-inc-ftk/1489085.html.

A number of brokerages have recently commented on FTK. Zacks Investment Research cut shares of Flotek Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. ValuEngine cut shares of Flotek Industries from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Flotek Industries from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Flotek Industries in a research note on Thursday, July 20th.

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).

Want to see what other hedge funds are holding FTK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flotek Industries, Inc. (NYSE:FTK).

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

Receive News & Ratings for Flotek Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flotek Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.