Connors Investor Services Inc. Has $2.29 Million Position in Flotek Industries Inc (FTK)
Connors Investor Services Inc. increased its holdings in Flotek Industries Inc (NYSE:FTK) by 73.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 492,126 shares of the oil and gas company’s stock after acquiring an additional 207,918 shares during the period. Connors Investor Services Inc.’s holdings in Flotek Industries were worth $2,293,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV acquired a new stake in shares of Flotek Industries in the 3rd quarter worth about $294,000. Russell Investments Group Ltd. raised its holdings in shares of Flotek Industries by 164.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 383,883 shares of the oil and gas company’s stock worth $1,785,000 after acquiring an additional 238,537 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Flotek Industries in the 3rd quarter worth about $413,000. Boston Partners raised its holdings in shares of Flotek Industries by 141.4% in the 3rd quarter. Boston Partners now owns 916,580 shares of the oil and gas company’s stock worth $4,262,000 after acquiring an additional 536,940 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Flotek Industries by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 5,020,985 shares of the oil and gas company’s stock worth $44,888,000 after acquiring an additional 135,026 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.
Shares of Flotek Industries Inc (FTK) opened at $6.26 on Monday. Flotek Industries Inc has a fifty-two week low of $4.14 and a fifty-two week high of $13.92.
FTK has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Flotek Industries from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a report on Wednesday, February 21st. ValuEngine lowered shares of Flotek Industries from a “sell” rating to a “strong sell” rating in a report on Thursday.
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).
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