Dimensional Fund Advisors LP Raises Stock Holdings in Flotek Industries, Inc. (NYSE:FTK)

Dimensional Fund Advisors LP raised its position in Flotek Industries, Inc. (NYSE:FTK - Free Report) by 71.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,678 shares of the oil and gas company's stock after buying an additional 60,504 shares during the quarter. Dimensional Fund Advisors LP owned 0.49% of Flotek Industries worth $1,388,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FTK. Barclays PLC acquired a new position in shares of Flotek Industries during the third quarter worth $66,000. Charles Schwab Investment Management Inc. acquired a new position in Flotek Industries during the 4th quarter worth about $148,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Flotek Industries in the 4th quarter valued at about $182,000. JPMorgan Chase & Co. increased its stake in shares of Flotek Industries by 4,017.3% in the fourth quarter. JPMorgan Chase & Co. now owns 31,497 shares of the oil and gas company's stock valued at $300,000 after buying an additional 30,732 shares during the period. Finally, Alpine Woods Capital Investors LLC acquired a new position in shares of Flotek Industries in the fourth quarter worth approximately $310,000. Institutional investors and hedge funds own 10.90% of the company's stock.

Insider Transactions at Flotek Industries

In other news, Director Matthew Wilks bought 13,040 shares of Flotek Industries stock in a transaction dated Wednesday, May 14th. The stock was purchased at an average price of $14.15 per share, for a total transaction of $184,516.00. Following the purchase, the director now directly owns 157,390 shares in the company, valued at $2,227,068.50. The trade was a 9.03% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired a total of 149,766 shares of company stock valued at $1,841,758 over the last three months. Corporate insiders own 2.44% of the company's stock.

Analysts Set New Price Targets

Separately, Singular Research raised shares of Flotek Industries to a "moderate buy" rating in a research note on Monday, March 17th.

Flotek Industries Stock Performance

Shares of NYSE FTK traded down $0.30 during trading on Monday, hitting $15.34. 331,277 shares of the company traded hands, compared to its average volume of 190,092. The firm has a market capitalization of $457.55 million, a price-to-earnings ratio of 59.00 and a beta of 1.00. The business's fifty day moving average is $8.53 and its 200 day moving average is $8.36. Flotek Industries, Inc. has a fifty-two week low of $3.55 and a fifty-two week high of $15.96.

Flotek Industries (NYSE:FTK - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.11. Flotek Industries had a return on equity of 7.76% and a net margin of 4.58%. The business had revenue of $55.36 million for the quarter, compared to the consensus estimate of $44.50 million. On average, analysts predict that Flotek Industries, Inc. will post 0.29 EPS for the current year.

Flotek Industries Company Profile

Flotek Industries, Inc operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally. It operates through two segments: Chemistry Technologies (CT) and Data Analytics (DA).