Nationwide Fund Advisors Has $284,000 Stake in Flotek Industries, Inc. (FTK)
Nationwide Fund Advisors held its position in Flotek Industries, Inc. (NYSE:FTK) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,818 shares of the oil and gas company’s stock at the close of the 2nd quarter. Nationwide Fund Advisors owned about 0.06% of Flotek Industries worth $284,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. TIAA CREF Investment Management LLC raised its stake in Flotek Industries by 1.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 221,964 shares of the oil and gas company’s stock valued at $1,984,000 after acquiring an additional 3,321 shares during the period. Teachers Advisors LLC raised its stake in Flotek Industries by 2.8% in the 2nd quarter. Teachers Advisors LLC now owns 114,013 shares of the oil and gas company’s stock valued at $1,019,000 after acquiring an additional 3,114 shares during the period. Stephens Inc. AR raised its stake in Flotek Industries by 38.1% in the 2nd quarter. Stephens Inc. AR now owns 565,675 shares of the oil and gas company’s stock valued at $5,057,000 after acquiring an additional 155,964 shares during the period. Wells Fargo & Company MN raised its stake in Flotek Industries by 11.8% in the 2nd quarter. Wells Fargo & Company MN now owns 92,364 shares of the oil and gas company’s stock valued at $825,000 after acquiring an additional 9,721 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Flotek Industries by 3,092.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,058,817 shares of the oil and gas company’s stock valued at $36,286,000 after acquiring an additional 3,931,665 shares during the period. Institutional investors and hedge funds own 96.59% of the company’s stock.
Flotek Industries, Inc. (NYSE:FTK) opened at $4.82 on Friday. Flotek Industries, Inc. has a 1-year low of $4.14 and a 1-year high of $14.51.
Flotek Industries (NYSE:FTK) last issued its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). Flotek Industries had a negative net margin of 10.41% and a negative return on equity of 1.64%. The firm had revenue of $79.46 million during the quarter, compared to analyst estimates of $85.10 million. During the same period in the prior year, the company earned ($0.06) earnings per share. The business’s quarterly revenue was up 23.5% compared to the same quarter last year. equities research analysts forecast that Flotek Industries, Inc. will post -0.12 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on FTK shares. Seaport Global Securities restated a “buy” rating on shares of Flotek Industries in a research note on Thursday, July 20th. BidaskClub cut Flotek Industries from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research upgraded Flotek Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, September 4th.
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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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