Parametric Portfolio Associates LLC Raises Stake in Flotek Industries, Inc. (NYSE:FTK)

Parametric Portfolio Associates LLC raised its stake in shares of Flotek Industries, Inc. (NYSE:FTK) by 24.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,956 shares of the oil and gas company’s stock after buying an additional 28,535 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.25% of Flotek Industries worth $1,828,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new stake in Flotek Industries during the fourth quarter valued at about $1,210,000. State Street Corp increased its stake in Flotek Industries by 10.3% in the fourth quarter. State Street Corp now owns 1,146,563 shares of the oil and gas company’s stock valued at $10,770,000 after buying an additional 107,326 shares in the last quarter. Norges Bank bought a new stake in Flotek Industries during the fourth quarter valued at about $626,000. NBW Capital LLC increased its stake in Flotek Industries by 23.2% in the first quarter. NBW Capital LLC now owns 264,544 shares of the oil and gas company’s stock valued at $3,384,000 after buying an additional 49,886 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Flotek Industries by 30.6% in the first quarter. Wells Fargo & Company MN now owns 82,643 shares of the oil and gas company’s stock valued at $1,057,000 after buying an additional 19,350 shares in the last quarter.

Flotek Industries, Inc. (NYSE:FTK) traded down 0.16% on Tuesday, reaching $6.37. The company had a trading volume of 1,333,178 shares. The stock’s 50 day moving average price is $8.47 and its 200-day moving average price is $10.60. Flotek Industries, Inc. has a 12-month low of $4.91 and a 12-month high of $16.93. The stock’s market capitalization is $365.20 million.

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Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded 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 report on Friday, June 2nd. Seaport Global Securities reaffirmed a “buy” rating on shares of Flotek Industries in a report on Thursday, July 20th. Finally, BidaskClub cut shares of Flotek Industries from a “sell” rating to a “strong sell” rating in a 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).

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

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