47,624 Shares in Flotek Industries, Inc. (NYSE:FTK) Purchased by Marshall Wace LLP

Marshall Wace LLP bought a new position in Flotek Industries, Inc. (NYSE:FTK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 47,624 shares of the oil and gas company's stock, valued at approximately $454,000. Marshall Wace LLP owned about 0.16% of Flotek Industries at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of Flotek Industries by 108.1% in the third quarter. Geode Capital Management LLC now owns 297,483 shares of the oil and gas company's stock valued at $1,483,000 after purchasing an additional 154,497 shares in the last quarter. Barclays PLC bought a new position in shares of Flotek Industries in the 3rd quarter valued at about $66,000. Truist Financial Corp boosted its holdings in shares of Flotek Industries by 3.6% in the 4th quarter. Truist Financial Corp now owns 244,209 shares of the oil and gas company's stock valued at $2,327,000 after buying an additional 8,500 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Flotek Industries by 306.2% in the fourth quarter. Renaissance Technologies LLC now owns 85,700 shares of the oil and gas company's stock valued at $817,000 after buying an additional 64,600 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in Flotek Industries during the fourth quarter worth $4,418,000. 10.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Flotek Industries Trading Up 5.8 %

Shares of FTK traded up $0.64 on Friday, reaching $11.75. The company's stock had a trading volume of 257,505 shares, compared to its average volume of 171,038. The stock has a market capitalization of $350.47 million, a PE ratio of 45.19 and a beta of 1.00. Flotek Industries, Inc. has a twelve month low of $3.30 and a twelve month high of $12.23. The firm has a fifty day moving average of $7.72 and a 200-day moving average of $7.93.

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