Bank of America Corp DE increased its position in shares of Flotek Industries, Inc. (NYSE:FTK) by 42.4% during the first quarter, Holdings Channel reports. The fund owned 150,121 shares of the oil and gas company’s stock after buying an additional 44,689 shares during the period. Bank of America Corp DE’s holdings in Flotek Industries were worth $1,919,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its stake in Flotek Industries by 132,538.6% in the first quarter. BlackRock Inc. now owns 6,760,587 shares of the oil and gas company’s stock worth $86,468,000 after buying an additional 6,755,490 shares during the last quarter. Frontier Capital Management Co. LLC purchased a new stake in shares of Flotek Industries during the first quarter worth approximately $12,154,000. Stifel Financial Corp purchased a new stake in shares of Flotek Industries during the first quarter worth approximately $7,070,000. Vanguard Group Inc. boosted its stake in shares of Flotek Industries by 7.2% in the first quarter. Vanguard Group Inc. now owns 4,885,959 shares of the oil and gas company’s stock worth $62,491,000 after buying an additional 330,179 shares during the period. Finally, Pioneer Investment Management Inc. boosted its stake in shares of Flotek Industries by 48.1% in the first quarter. Pioneer Investment Management Inc. now owns 586,547 shares of the oil and gas company’s stock worth $7,502,000 after buying an additional 190,610 shares during the period.

Shares of Flotek Industries, Inc. (NYSE FTK) traded down 0.17% during mid-day trading on Friday, reaching $5.95. 932,040 shares of the company’s stock were exchanged. The stock’s market cap is $341.13 million. Flotek Industries, Inc. has a one year low of $4.91 and a one year high of $16.93. The company has a 50 day moving average price of $8.14 and a 200-day moving average price of $10.47.

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A number of analysts have commented on FTK shares. Zacks Investment Research cut shares of Flotek Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, April 18th. ValuEngine cut shares of Flotek Industries from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Seaport Global Securities reaffirmed a “buy” rating on shares of Flotek Industries in a research report on Thursday, July 20th. Finally, BidaskClub cut shares of Flotek Industries from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th.

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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