53,196 Shares of Flotek Industries, Inc. $FTK Bought by Range Financial Group LLC

Key Points

• Range Financial Group LLC bought 53,196 Flotek Industries shares worth approximately $1.56 million in the third quarter, giving it roughly a 0.15% stake.
• Other institutional investors also increased their positions, while hedge funds and institutional investors collectively owned 10.90% of FTK at the end of the quarter.
• Analyst sentiment remains positive, with a consensus “Buy” rating and a $34.67 price target. Flotek recently beat earnings and revenue expectations, reporting $0.26 in EPS and $99.37 million in revenue.

Range Financial Group LLC bought a new stake in Flotek Industries, Inc. (NYSE:FTK - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 53,196 shares of the oil and gas company's stock, valued at approximately $1,560,000. Range Financial Group LLC owned approximately 0.15% of Flotek Industries at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in FTK. Masters Capital Management LLC boosted its stake in shares of Flotek Industries by 8.9% during the 1st quarter. Masters Capital Management LLC now owns 1,089,438 shares of the oil and gas company's stock worth $18,488,000 after acquiring an additional 89,438 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Flotek Industries by 71.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 691,593 shares of the oil and gas company's stock worth $11,736,000 after acquiring an additional 288,064 shares during the period. Squarepoint Ops LLC increased its stake in Flotek Industries by 51.8% in the 2nd quarter. Squarepoint Ops LLC now owns 111,425 shares of the oil and gas company's stock valued at $2,621,000 after purchasing an additional 38,046 shares in the last quarter. Round Rock Advisors LLC increased its stake in Flotek Industries by 203.4% in the 2nd quarter. Round Rock Advisors LLC now owns 81,471 shares of the oil and gas company's stock valued at $1,916,000 after purchasing an additional 54,620 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Flotek Industries by 10.4% in the 1st quarter. Principal Financial Group Inc. now owns 80,480 shares of the oil and gas company's stock valued at $1,366,000 after purchasing an additional 7,564 shares in the last quarter. 10.90% of the stock is owned by hedge funds and other institutional investors.

More Flotek Industries News

Here are the key news stories impacting Flotek Industries this week:

• Positive Sentiment: Zacks Research upgraded FTK from “hold” to “strong-buy,” providing a positive analyst signal and potentially supporting the stock’s valuation. The upgrade comes after Flotek’s latest reported quarter exceeded expectations, with earnings and revenue above consensus estimates.
• Neutral Sentiment: Multiple law firms are reminding investors that October 26, 2026 is the deadline to seek lead-plaintiff status in a securities class action covering investors who purchased Flotek securities during August 2026. These notices primarily solicit participation and do not represent a court finding of wrongdoing. Kaplan Fox investor notice
• Negative Sentiment: The lawsuits and investor investigations allege that Flotek failed to disclose material information related to a roughly $400 million Puerto Rico Electric Power Authority power-generation project, including concerns about consortium partners, contract approval and the project’s reported cancellation. If substantiated, the allegations could create litigation costs, reputational damage and uncertainty around Flotek’s backlog and future revenue. Moore Law investor notice
• Negative Sentiment: The high volume of near-identical class-action announcements from Kaplan Fox, DJS Law, Pomerantz, Rosen, Johnson Fistel and other firms is increasing visibility around the controversy and may keep pressure on FTK until the company provides clarity or the legal process advances. FTK shareholder alert

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FTK shares. Lake Street Capital lifted their price objective on Flotek Industries from $40.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, September 15th. Weiss Ratings upgraded Flotek Industries from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday. JonesTrading assumed coverage on Flotek Industries in a report on Thursday, July 9th. They issued a "buy" rating and a $40.00 target price on the stock. Finally, Zacks Research raised Flotek Industries from a "hold" rating to a "strong-buy" rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $34.67.

Flotek Industries Stock Performance

NYSE:FTK opened at $24.02 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.50 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $27.27 and a two-hundred day moving average price of $23.79. Flotek Industries, Inc. has a twelve month low of $13.19 and a twelve month high of $39.67. The company has a market capitalization of $869.97 million, a P/E ratio of 24.26 and a beta of 1.42.

Flotek Industries (NYSE:FTK - Get Free Report) last announced its earnings results on Tuesday, August 4th. The oil and gas company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.13. Flotek Industries had a net margin of 12.97% and a return on equity of 21.57%. The company had revenue of $99.37 million during the quarter, compared to analysts' expectations of $69.51 million. As a group, research analysts expect that Flotek Industries, Inc. will post 0.79 earnings per share for the current fiscal year.

Insider Activity at Flotek Industries

In related news, Director Matthew Wilks acquired 1,319,493 shares of the business's stock in a transaction that occurred on Friday, September 11th. The stock was purchased at an average cost of $26.01 per share, for a total transaction of $34,320,012.93. Following the transaction, the director directly owned 1,477,285 shares of the company's stock, valued at approximately $38,424,182.85. This trade represents a 836.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Profrac Gdm, Llc sold 2,306,806 shares of Flotek Industries stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $26.01, for a total value of $60,000,024.06. Following the transaction, the insider owned 3,693,194 shares of the company's stock, valued at $96,059,975.94. This represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.40% of the stock is owned by corporate insiders.

Flotek Industries Profile

Flotek Industries, Inc is a technology company that develops and supplies specialty green chemistry and data-driven solutions for the energy industry. Its offerings are designed to help oil and natural gas producers improve well performance, manage production processes and reduce the environmental impact of energy operations.

Through its Chemistry Technologies segment, Flotek provides biodegradable and environmentally focused chemical products used in drilling, cementing, stimulation, completion and production activities.

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