Stifel Financial Corp lifted its holdings in shares of Flotek Industries, Inc. (NYSE:FTK) by 14.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 630,364 shares of the oil and gas company’s stock after purchasing an additional 79,639 shares during the quarter. Stifel Financial Corp owned approximately 1.10% of Flotek Industries worth $5,635,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. KCG Holdings Inc. bought a new stake in shares of Flotek Industries during the 1st quarter worth $137,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Flotek Industries by 12.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 11,044 shares of the oil and gas company’s stock worth $141,000 after buying an additional 1,209 shares during the period. Mason Street Advisors LLC boosted its holdings in shares of Flotek Industries by 7.6% during the 1st quarter. Mason Street Advisors LLC now owns 12,664 shares of the oil and gas company’s stock worth $162,000 after buying an additional 893 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Flotek Industries by 5.8% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,790 shares of the oil and gas company’s stock worth $114,000 after buying an additional 700 shares during the period. Finally, Invictus RG bought a new stake in shares of Flotek Industries during the 1st quarter worth $192,000. Institutional investors own 97.42% of the company’s stock.

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Several analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Flotek Industries from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 20th. BidaskClub downgraded shares of Flotek Industries from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Flotek Industries in a report on Thursday, July 20th.

Shares of Flotek Industries, Inc. (NYSE FTK) opened at 4.80 on Friday. The company’s 50 day moving average is $5.25 and its 200 day moving average is $8.62. Flotek Industries, Inc. has a 12-month low of $4.48 and a 12-month high of $14.83. The company’s market capitalization is $275.19 million.

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

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