South Dakota Investment Council maintained its position in shares of Flotek Industries, Inc. (NYSE:FTK) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 50,481 shares of the oil and gas company’s stock at the end of the second quarter. South Dakota Investment Council owned about 0.09% of Flotek Industries worth $451,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Viking Fund Management LLC purchased a new position in shares of Flotek Industries during the 2nd quarter worth $4,559,000. Swiss National Bank raised its holdings in shares of Flotek Industries by 5.0% during the 1st quarter. Swiss National Bank now owns 88,500 shares of the oil and gas company’s stock worth $1,132,000 after acquiring an additional 4,200 shares during the period. Skylands Capital LLC raised its holdings in shares of Flotek Industries by 188.2% during the 2nd quarter. Skylands Capital LLC now owns 210,800 shares of the oil and gas company’s stock worth $1,885,000 after acquiring an additional 137,650 shares during the period. Stephens Inc. AR raised its holdings in shares of Flotek Industries by 2.4% during the 1st quarter. Stephens Inc. AR now owns 409,711 shares of the oil and gas company’s stock worth $5,240,000 after acquiring an additional 9,435 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Flotek Industries by 5.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 74,835 shares of the oil and gas company’s stock worth $957,000 after acquiring an additional 3,811 shares during the period. Institutional investors and hedge funds own 96.74% of the company’s stock.

Shares of Flotek Industries, Inc. (FTK) opened at 5.70 on Friday. The firm’s market capitalization is $326.79 million. Flotek Industries, Inc. has a 12 month low of $4.56 and a 12 month high of $15.23. The company’s 50 day moving average price is $5.81 and its 200-day moving average price is $9.41.

Several research analysts have recently commented on FTK shares. Zacks Investment Research upgraded Flotek Industries from a “strong sell” rating to a “hold” rating in a report on Monday, September 4th. ValuEngine downgraded Flotek Industries from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Seaport Global Securities reissued a “buy” rating on shares of Flotek Industries in a research report on Thursday, July 20th. Finally, BidaskClub downgraded Flotek Industries from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th.

WARNING: This report was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another website, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/09/17/south-dakota-investment-council-has-451000-stake-in-flotek-industries-inc-ftk.html.

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)

Receive News & Stock 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 stocks with our FREE daily email newsletter.