Texan Capital Management Trimmed By $326,400 Its Cummins (CMI) Position, Profile of 4 Analysts Covering Flotek Industries (FTK)

July 17, 2017 - By Nellie Frank

Among 5 analysts covering Flotek Industries (NYSE:FTK), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Flotek Industries had 10 analyst reports since July 27, 2015 according to SRatingsIntel. As per Wednesday, October 7, the company rating was maintained by Oppenheimer. The stock of Flotek Industries Inc (NYSE:FTK) earned “Buy” rating by Vetr on Tuesday, September 22. The firm has “Buy” rating by Vetr given on Thursday, August 6. The rating was initiated by KLR Group on Monday, December 14 with “Buy”. On Friday, August 28 the stock rating was downgraded by Vetr to “Strong-Buy”. The rating was upgraded by Oppenheimer on Monday, July 27 to “Perform”. Seaport Global Securities upgraded Flotek Industries Inc (NYSE:FTK) on Wednesday, January 20 to “Speculative Buy” rating. See Flotek Industries Inc (NYSE:FTK) latest ratings:

Texan Capital Management decreased Cummins Inc (CMI) stake by 20.14% reported in 2016Q4 SEC filing. Texan Capital Management sold 2,400 shares as Cummins Inc (CMI)’s stock rose 1.30%. The Texan Capital Management holds 9,518 shares with $1.30M value, down from 11,918 last quarter. Cummins Inc now has $27.98 billion valuation. The stock increased 0.03% or $0.05 on July 14, reaching $165.86. About shares traded. Cummins Inc. (NYSE:CMI) has risen 43.32% since July 17, 2016 and is uptrending. It has outperformed by 26.62% the S&P500.

Investors sentiment increased to 1.49 in 2016 Q4. Its up 0.30, from 1.19 in 2016Q3. It increased, as 23 investors sold Flotek Industries Inc shares while 30 reduced holdings. 22 funds opened positions while 57 raised stakes. 58.27 million shares or 2.75% more from 56.71 million shares in 2016Q3 were reported. Arizona State Retirement Systems stated it has 0% of its portfolio in Flotek Industries Inc (NYSE:FTK). Nationwide Fund Advisors has invested 0% in Flotek Industries Inc (NYSE:FTK). 47,747 were reported by Pinebridge Invs Lp. Goldman Sachs Gru Inc has 0% invested in Flotek Industries Inc (NYSE:FTK). Parkwood Limited Liability reported 12,096 shares. Prudential Fincl stated it has 91,849 shares or 0% of all its holdings. Credit Suisse Ag has invested 0% in Flotek Industries Inc (NYSE:FTK). Engy Opportunities Capital Limited Liability Corporation holds 0.81% or 328,070 shares in its portfolio. Tci Wealth stated it has 45 shares. Wells Fargo And Mn holds 0% or 63,293 shares. Louisiana State Employees Retirement Systems owns 21,700 shares. New York State Teachers Retirement System holds 65,616 shares. Texas Permanent School Fund owns 39,289 shares. Moreover, Blackrock Grp Inc Limited has 0% invested in Flotek Industries Inc (NYSE:FTK) for 99,229 shares. Blackrock Fund Advsrs holds 0.01% or 4.42M shares in its portfolio.

Flotek Industries, Inc. is a technology-driven company. The company has market cap of $536.48 million. The Firm develops and supplies chemistry and services to the gas and oil industries, and compounds to companies that make cleaning products, cosmetics, food and beverages, and other products that are sold in consumer and industrial markets. It has a 431.41 P/E ratio. The Firm operates through two divisions: Energy Chemistry Technologies , and Consumer and Industrial Chemistry Technologies (CICT).

Since February 22, 2017, it had 0 buys, and 2 selling transactions for $364,890 activity. REILAND JOHN had sold 15,000 shares worth $190,890. Hern Kenneth sold $174,000 worth of Flotek Industries Inc (NYSE:FTK) on Wednesday, March 15.

The stock increased 0.21% or $0.02 on July 14, reaching $9.34. About shares traded. Flotek Industries Inc (NYSE:FTK) has declined 6.33% since July 17, 2016 and is downtrending. It has underperformed by 23.03% the S&P500.

Among 24 analysts covering Cummins (NYSE:CMI), 5 have Buy rating, 3 Sell and 16 Hold. Therefore 21% are positive. Cummins had 63 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Hold” rating by Evercore on Tuesday, August 4. Deutsche Bank initiated the shares of CMI in report on Wednesday, September 7 with “Sell” rating. Morgan Stanley downgraded Cummins Inc. (NYSE:CMI) rating on Wednesday, October 28. Morgan Stanley has “Underweight” rating and $79 target. The company was downgraded on Thursday, July 14 by Standpoint Research. The stock has “Buy” rating by CLSA on Friday, September 30. The firm has “Hold” rating given on Thursday, September 1 by Jefferies. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, November 2. The stock of Cummins Inc. (NYSE:CMI) has “Hold” rating given on Wednesday, November 11 by Deutsche Bank. As per Tuesday, December 1, the company rating was downgraded by Bank of America. Standpoint Research upgraded Cummins Inc. (NYSE:CMI) on Monday, August 24 to “Buy” rating.

Investors sentiment decreased to 1.06 in Q4 2016. Its down 0.01, from 1.07 in 2016Q3. It turned negative, as 44 investors sold CMI shares while 270 reduced holdings. 92 funds opened positions while 242 raised stakes. 129.92 million shares or 0.10% less from 130.04 million shares in 2016Q3 were reported. Tradewinds Cap Mgmt Ltd Liability Co reported 0.01% stake. Baldwin Brothers Ma has invested 0.01% in Cummins Inc. (NYSE:CMI). Davy Asset Management holds 6,377 shares. Manchester Capital Mgmt Lc holds 0.03% or 1,281 shares in its portfolio. Fisher Asset Lc holds 1,591 shares. Afam owns 0.9% invested in Cummins Inc. (NYSE:CMI) for 43,370 shares. Torray Lc reported 4,175 shares. Sun Life holds 0% of its portfolio in Cummins Inc. (NYSE:CMI) for 225 shares. Agf Invs America holds 1.59% or 27,315 shares. Liberty Mutual Gp Asset holds 11,567 shares. Morgan Stanley invested 0.05% of its portfolio in Cummins Inc. (NYSE:CMI). Welch Limited Liability has invested 0.03% in Cummins Inc. (NYSE:CMI). Group Incorporated One Trading LP reported 1,239 shares. Patten has invested 0.12% in Cummins Inc. (NYSE:CMI). Washington Bank & Trust holds 0.02% or 514 shares in its portfolio.

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