Thrivent Financial For Lutherans raised its holdings in Flotek Industries, Inc. (NYSE:FTK) by 4.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,410 shares of the oil and gas company’s stock after buying an additional 1,350 shares during the quarter. Thrivent Financial For Lutherans owned 0.06% of Flotek Industries worth $290,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Laurion Capital Management LP bought a new stake in Flotek Industries in the 2nd quarter valued at $5,303,000. TIAA CREF Investment Management LLC increased its holdings in Flotek Industries by 1.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 221,964 shares of the oil and gas company’s stock valued at $1,984,000 after buying an additional 3,321 shares during the period. Teachers Advisors LLC increased its holdings in Flotek Industries by 2.8% in the 2nd quarter. Teachers Advisors LLC now owns 114,013 shares of the oil and gas company’s stock valued at $1,019,000 after buying an additional 3,114 shares during the period. Stephens Inc. AR increased its holdings in Flotek Industries by 38.1% in the 2nd quarter. Stephens Inc. AR now owns 565,675 shares of the oil and gas company’s stock valued at $5,057,000 after buying an additional 155,964 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Flotek Industries by 11.8% in the 2nd quarter. Wells Fargo & Company MN now owns 92,364 shares of the oil and gas company’s stock valued at $825,000 after buying an additional 9,721 shares during the period. 97.42% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Flotek Industries, Inc. (NYSE FTK) opened at 4.85 on Monday. Flotek Industries, Inc. has a one year low of $4.48 and a one year high of $14.51. The firm has a 50-day moving average of $5.09 and a 200 day moving average of $8.12. The company’s market cap is $278.06 million.
FTK has been the topic of several analyst reports. Zacks Investment Research raised shares of Flotek Industries from a “strong sell” rating to a “hold” rating in a report on Monday, September 4th. Seaport Global Securities reissued a “buy” rating on shares of Flotek Industries in a report on Thursday, July 20th. Finally, BidaskClub lowered shares of Flotek Industries from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th.
Flotek Industries 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).
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