41,500 Shares in Flotek Industries, Inc. (NYSE:FTK) Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new stake in shares of Flotek Industries, Inc. (NYSE:FTK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 41,500 shares of the oil and gas company's stock, valued at approximately $395,000. OMERS ADMINISTRATION Corp owned 0.14% of Flotek Industries as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of FTK. Barclays PLC bought a new position in Flotek Industries in the 3rd quarter valued at $66,000. Truist Financial Corp grew its position in shares of Flotek Industries by 3.6% during the 4th quarter. Truist Financial Corp now owns 244,209 shares of the oil and gas company's stock worth $2,327,000 after buying an additional 8,500 shares in the last quarter. Acuitas Investments LLC bought a new position in shares of Flotek Industries during the 4th quarter worth $2,586,000. Bailard Inc. bought a new position in shares of Flotek Industries during the 4th quarter worth $360,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in Flotek Industries during the fourth quarter valued at about $148,000. Institutional investors own 10.90% of the company's stock.

Insider Buying and Selling at Flotek Industries

In other news, Director Matthew Wilks purchased 13,040 shares of the stock in a transaction dated Wednesday, May 14th. The shares were purchased at an average cost of $14.15 per share, with a total value of $184,516.00. Following the completion of the purchase, the director now directly owns 157,390 shares of the company's stock, valued at approximately $2,227,068.50. The trade was a 9.03% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last three months, insiders have acquired 149,766 shares of company stock valued at $1,841,758. Company insiders own 6.29% of the company's stock.

Analyst Ratings Changes

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

Flotek Industries Stock Down 1.8%

Shares of NYSE:FTK traded down $0.27 during trading on Friday, hitting $14.86. The stock had a trading volume of 276,239 shares, compared to its average volume of 194,287. The stock has a market capitalization of $443.11 million, a price-to-earnings ratio of 57.14 and a beta of 1.00. Flotek Industries, Inc. has a 12-month low of $3.55 and a 12-month high of $15.96. The stock has a 50-day simple moving average of $9.10 and a two-hundred day simple moving average of $8.68.

Flotek Industries (NYSE:FTK - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.06 by $0.11. Flotek Industries had a return on equity of 7.76% and a net margin of 4.58%. The company had revenue of $55.36 million for the quarter, compared to analyst estimates of $44.50 million. As a group, sell-side analysts forecast that Flotek Industries, Inc. will post 0.29 earnings per share for the current year.

Flotek Industries 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).