47,807 Shares in Flotek Industries, Inc. (NYSE:FTK) Acquired by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in shares of Flotek Industries, Inc. (NYSE:FTK) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 47,807 shares of the oil and gas company’s stock, valued at approximately $456,000.

Other large investors have also made changes to their positions in the company. XTX Topco Ltd acquired a new position in Flotek Industries during the third quarter valued at $53,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Flotek Industries during the 3rd quarter valued at about $60,000. Barclays PLC acquired a new position in shares of Flotek Industries in the 3rd quarter valued at about $66,000. PDT Partners LLC purchased a new stake in shares of Flotek Industries in the third quarter worth about $86,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Flotek Industries during the fourth quarter worth about $148,000. 10.90% of the stock is owned by hedge funds and other institutional investors.

Flotek Industries Stock Down 1.7 %

NYSE:FTK opened at $8.54 on Thursday. Flotek Industries, Inc. has a 52 week low of $3.13 and a 52 week high of $10.35. The stock’s 50-day moving average price is $8.60 and its 200-day moving average price is $7.41. The stock has a market capitalization of $254.85 million, a PE ratio of 32.86 and a beta of 1.21.

Flotek Industries (NYSE:FTK) last issued its quarterly earnings data on Monday, March 10th. The oil and gas company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.10 by $0.04. The company had revenue of $50.76 million for the quarter, compared to analyst estimates of $50.08 million. Flotek Industries had a return on equity of 7.76% and a net margin of 4.58%. During the same period last year, the company earned $0.07 earnings per share. Sell-side analysts expect that Flotek Industries, Inc. will post 0.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

About Flotek Industries

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).