Charles Schwab Investment Management Inc. Invests $148,000 in Flotek Industries, Inc. (NYSE:FTK)

Charles Schwab Investment Management Inc. bought a new stake in Flotek Industries, Inc. (NYSE:FTK) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 15,581 shares of the oil and gas company’s stock, valued at approximately $148,000. Charles Schwab Investment Management Inc. owned 0.05% of Flotek Industries as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. XTX Topco Ltd acquired a new position in Flotek Industries during the third quarter worth approximately $53,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Flotek Industries during the 3rd quarter worth approximately $60,000. Barclays PLC bought a new stake in Flotek Industries in the 3rd quarter valued at $66,000. PDT Partners LLC acquired a new stake in Flotek Industries during the 3rd quarter valued at $86,000. Finally, Bailard Inc. bought a new position in Flotek Industries during the fourth quarter worth $360,000. 10.90% of the stock is currently owned by institutional investors and hedge funds.

Flotek Industries Stock Down 0.9 %

Shares of NYSE:FTK opened at $8.26 on Wednesday. Flotek Industries, Inc. has a 12-month low of $3.13 and a 12-month high of $10.35. The business has a 50 day moving average of $8.56 and a 200-day moving average of $7.54. The stock has a market cap of $246.35 million, a PE ratio of 31.77 and a beta of 1.21.

Flotek Industries (NYSE:FTK) last released its quarterly earnings results on Monday, March 10th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.04. Flotek Industries had a return on equity of 7.76% and a net margin of 4.58%. The business had revenue of $50.76 million during the quarter, compared to the consensus estimate of $50.08 million. During the same period in the previous year, the company posted $0.07 EPS. Equities research analysts expect that Flotek Industries, Inc. will post 0.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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).