Bank of New York Mellon Corp Invests $1.16 Million in Flotek Industries, Inc. $FTK

Key Points

• Bank of New York Mellon acquired 49,320 Flotek Industries shares worth approximately $1.16 million, giving it a 0.14% stake. Institutional investors collectively own 10.9% of the company.
• Flotek reported quarterly EPS of $0.26 versus the $0.13 analyst consensus, while revenue reached $99.37 million compared with estimates of $69.51 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $28.33.
• The company raised its 2026 revenue guidance to $360 million–$370 million, citing strong international chemistry sales, though investors face potential volatility from securities-class-action solicitation related to the terminated approximately $400 million Puerto Rico power contract.

Bank of New York Mellon Corp bought a new position in shares of Flotek Industries, Inc. (NYSE:FTK - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 49,320 shares of the oil and gas company's stock, valued at approximately $1,160,000. Bank of New York Mellon Corp owned about 0.14% of Flotek Industries at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Millennium Management LLC boosted its position in Flotek Industries by 304.4% during the third quarter. Millennium Management LLC now owns 809,398 shares of the oil and gas company's stock valued at $11,817,000 after purchasing an additional 609,268 shares during the last quarter. Invesco Ltd. acquired a new stake in Flotek Industries in the second quarter valued at $4,436,000. Dimensional Fund Advisors LP grew its position 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 valued at $11,736,000 after acquiring an additional 288,064 shares during the period. Manatuck Hill Partners LLC acquired a new position in shares of Flotek Industries during the 3rd quarter worth about $3,854,000. Finally, UBS Group AG increased its stake in shares of Flotek Industries by 512.8% during the 3rd quarter. UBS Group AG now owns 232,966 shares of the oil and gas company's stock worth $3,401,000 after purchasing an additional 194,951 shares during the last quarter. Institutional investors and hedge funds own 10.90% of the company's stock.

Flotek Industries Trading Up 14.2%

Shares of Flotek Industries stock opened at $27.82 on Thursday. The firm has a 50-day moving average of $26.66 and a 200-day moving average of $21.50. The stock has a market cap of $1.01 billion, a PE ratio of 28.10 and a beta of 1.47. Flotek Industries, Inc. has a 52-week low of $11.09 and a 52-week high of $39.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.50 and a current ratio of 1.78.

Flotek Industries (NYSE:FTK - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.13. The business had revenue of $99.37 million for the quarter, compared to analyst estimates of $69.51 million. Flotek Industries had a net margin of 12.97% and a return on equity of 21.57%. As a group, sell-side analysts forecast that Flotek Industries, Inc. will post 0.75 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on FTK shares. Weiss Ratings lowered Flotek Industries from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, September 4th. JonesTrading assumed coverage on Flotek Industries in a report on Thursday, July 9th. They set a "buy" rating and a $40.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $28.33.

Key Stories Impacting Flotek Industries

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

• Positive Sentiment: Flotek raised its 2026 revenue guidance to $360 million–$370 million, above the prior outlook and the approximately $345.4 million analyst consensus. The company also increased its adjusted EBITDA forecast, citing continued strength in international chemistry sales. Flotek Raises 2026 Guidance Again on Continued Strength of International Sales
• Positive Sentiment: The upgraded outlook signals stronger-than-expected demand and operating momentum in Flotek’s international chemistry business, providing the primary catalyst for the stock’s advance. Flotek raises guidance for 2026 revenue, EBITDA on international chemistry strength
• Neutral Sentiment: The latest guidance revision follows Flotek’s strong recent quarterly performance, when revenue and earnings exceeded analyst expectations, but investors will need to assess whether international sales growth can be sustained.
• Negative Sentiment: Several law firms are soliciting investors for a securities class action covering purchases made primarily between August 3 and August 17, 2026. The notices cite allegations surrounding Flotek’s approximately $400 million Puerto Rico power contract, which was announced and later terminated; the lead-plaintiff deadline is October 26, 2026. The allegations have not been adjudicated, but the litigation could create legal costs, reputational damage and continued volatility. FTK Upcoming Deadline: Levi & Korsinsky Alerts Flotek Industries Stockholders

Flotek Industries Company Profile

Flotek Industries, Inc NYSE: FTK is a Houston-based oilfield services provider specializing in innovative chemical technologies for the upstream energy sector. The company develops, manufactures and markets specialty drilling fluids, completion fluids and production chemicals that enhance drilling efficiency, optimize well performance and mitigate operational risks. Flotek's solutions are designed to improve drilling rates of penetration, reduce nonproductive time and address challenging downhole environments, including high-pressure/high-temperature wells and sour service conditions.

Flotek's operations are organized into three core business segments: Drilling & Completion Fluids, Production Chemicals & Process Management, and Water Solutions.

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