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

OMERS ADMINISTRATION Corp acquired a new position in shares of Flotek Industries, Inc. (NYSE:FTK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 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 SEC filing.

Other large investors also recently modified their holdings of the company. 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 during the period. Barclays PLC acquired a new stake in shares of Flotek Industries during the 3rd quarter worth approximately $66,000. Renaissance Technologies LLC grew its position in shares of Flotek Industries by 306.2% during the 4th quarter. Renaissance Technologies LLC now owns 85,700 shares of the oil and gas company's stock worth $817,000 after buying an additional 64,600 shares during the period. Marshall Wace LLP acquired a new stake in shares of Flotek Industries during the 4th quarter worth approximately $454,000. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Flotek Industries in the 4th quarter worth $182,000. Institutional investors and hedge funds own 10.90% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Flotek Industries

In related news, Director Matthew Wilks acquired 103,514 shares of the company's stock in a transaction on Monday, May 12th. The shares were acquired at an average cost of $12.24 per share, for a total transaction of $1,267,011.36. Following the purchase, the director now owns 144,350 shares in the company, valued at approximately $1,766,844. The trade was a 253.49% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have purchased 149,766 shares of company stock worth $1,841,758. Corporate insiders own 6.29% of the company's stock.

Flotek Industries Trading Up 0.7%

Shares of FTK traded up $0.10 during trading hours on Thursday, reaching $15.14. The stock had a trading volume of 226,322 shares, compared to its average volume of 192,698. Flotek Industries, Inc. has a 12 month low of $3.55 and a 12 month high of $15.96. The firm has a 50-day simple moving average of $9.00 and a 200 day simple moving average of $8.59. The company has a market capitalization of $451.58 million, a price-to-earnings ratio of 58.23 and a beta of 1.00.

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 earnings per share 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 business had revenue of $55.36 million for the quarter, compared to analysts' expectations of $44.50 million. On average, equities analysts forecast 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).