Flowco (NYSE:FLOC) EVP Sells $142,968.00 in Stock

Flowco Holdings Inc. (NYSE:FLOC) EVP Chad Roberts sold 7,400 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $19.32, for a total value of $142,968.00. Following the transaction, the executive vice president owned 194,398 shares in the company, valued at $3,755,769.36. This trade represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Chad Roberts also recently made the following trade(s):

• On Friday, December 12th, Chad Roberts sold 9,253 shares of Flowco stock. The shares were sold at an average price of $19.30, for a total transaction of $178,582.90.
• On Thursday, December 4th, Chad Roberts sold 19,457 shares of Flowco stock. The shares were sold at an average price of $18.62, for a total transaction of $362,289.34.
• On Wednesday, November 5th, Chad Roberts sold 55,173 shares of Flowco stock. The stock was sold at an average price of $18.26, for a total transaction of $1,007,458.98.

Flowco Stock Up 0.4%

NYSE FLOC traded up $0.08 during mid-day trading on Tuesday, reaching $19.17. The stock had a trading volume of 189,733 shares, compared to its average volume of 275,811. Flowco Holdings Inc. has a 1 year low of $14.03 and a 1 year high of $30.50. The company has a fifty day moving average price of $17.40 and a 200 day moving average price of $16.89. The stock has a market cap of $1.72 billion and a PE ratio of 6.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.90 and a quick ratio of 1.33.

Flowco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, November 14th. Flowco’s dividend payout ratio (DPR) is presently 10.67%.

Hedge Funds Weigh In On Flowco

A number of hedge funds and other institutional investors have recently bought and sold shares of FLOC. JPMorgan Chase & Co. boosted its position in Flowco by 57.9% during the third quarter. JPMorgan Chase & Co. now owns 3,290,164 shares of the company’s stock worth $48,859,000 after purchasing an additional 1,206,020 shares in the last quarter. American Century Companies Inc. increased its stake in Flowco by 38.4% during the second quarter. American Century Companies Inc. now owns 2,730,438 shares of the company’s stock worth $48,629,000 after acquiring an additional 758,258 shares during the last quarter. Alliancebernstein L.P. acquired a new position in Flowco during the first quarter valued at approximately $19,449,000. Schroder Investment Management Group acquired a new stake in Flowco in the 2nd quarter valued at $8,923,000. Finally, Encompass Capital Advisors LLC boosted its holdings in Flowco by 84.0% in the 2nd quarter. Encompass Capital Advisors LLC now owns 984,301 shares of the company’s stock worth $17,530,000 after acquiring an additional 449,498 shares during the period.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FLOC. Zacks Research lowered shares of Flowco from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. Piper Sandler restated an “overweight” rating on shares of Flowco in a research note on Tuesday, December 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Flowco in a research note on Tuesday, October 14th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $25.00 target price on shares of Flowco in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.20.

About Flowco

We are a leading provider of production optimization, artificial lift and methane abatement solutions for the oil and natural gas industry. Our products and services include a full range of equipment and technology solutions that enable our customers to efficiently and cost-effectively maximize the profitability and economic lifespan of the production phase of their operations. Our principal products and services are organized into two business segments: (i) Production Solutions; and (ii) Natural Gas Technologies.