Laurion Capital Management LP bought a new position in shares of Flotek Industries, Inc. (NYSE:FTK) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 593,187 shares of the oil and gas company’s stock, valued at approximately $5,303,000. Laurion Capital Management LP owned about 1.03% of Flotek Industries at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan lifted its position in shares of Flotek Industries by 5.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 12,790 shares of the oil and gas company’s stock worth $114,000 after purchasing an additional 700 shares during the last quarter. KCG Holdings Inc. bought a new stake in shares of Flotek Industries during the first quarter worth $137,000. BNP Paribas Arbitrage SA lifted its position in shares of Flotek Industries by 12.3% during the first quarter. BNP Paribas Arbitrage SA now owns 11,044 shares of the oil and gas company’s stock worth $141,000 after purchasing an additional 1,209 shares during the last quarter. Mason Street Advisors LLC lifted its position in shares of Flotek Industries by 7.6% during the first quarter. Mason Street Advisors LLC now owns 12,664 shares of the oil and gas company’s stock worth $162,000 after purchasing an additional 893 shares during the last quarter. Finally, IPG Investment Advisors LLC bought a new stake in shares of Flotek Industries during the second quarter worth $175,000. Institutional investors and hedge funds own 96.74% of the company’s stock.
Flotek Industries, Inc. (NYSE FTK) traded up 1.97% during mid-day trading on Friday, hitting $5.70. The company had a trading volume of 2,059,491 shares. The company has a 50-day moving average price of $5.81 and a 200 day moving average price of $9.41. Flotek Industries, Inc. has a 52-week low of $4.56 and a 52-week high of $15.23. The company’s market capitalization is $326.79 million.
Several research firms recently weighed in on FTK. Zacks Investment Research upgraded Flotek Industries from a “strong sell” rating to a “hold” rating in a report on Monday, September 4th. ValuEngine downgraded Flotek Industries from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. BidaskClub downgraded Flotek Industries from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Finally, Seaport Global Securities restated a “buy” rating on shares of Flotek Industries in a report on Thursday, July 20th.
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Flotek Industries Company Profile
Flotek Industries, Inc is a technology-driven company. The Company develops and supplies chemistry and services to the oil and gas industries, and compounds to companies that make cleaning products, cosmetics, food and beverages, and other products that are sold in consumer and industrial markets. The Company operates through two segments: Energy Chemistry Technologies (ECT), and Consumer and Industrial Chemistry Technologies (CICT).
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