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 that occurred on Monday, January 5th. The stock was sold at an average price of $19.32, for a total value of $142,968.00. Following the transaction, the executive vice president directly owned 194,398 shares in the company, valued at approximately $3,755,769.36. This represents a 3.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 shares were sold at an average price of $18.26, for a total value of $1,007,458.98.

Flowco Trading Up 0.4%

FLOC traded up $0.08 during trading on Tuesday, reaching $19.17. The company had a trading volume of 189,733 shares, compared to its average volume of 275,811. The firm’s 50-day simple moving average is $17.40 and its 200 day simple moving average is $16.89. The company has a market cap of $1.72 billion and a price-to-earnings ratio of 6.39. Flowco Holdings Inc. has a 12-month low of $14.03 and a 12-month high of $30.50. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.33 and a current ratio of 2.90.

Flowco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were given a $0.08 dividend. 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 payout ratio is currently 10.67%.

Hedge Funds Weigh In On Flowco

Several large investors have recently bought and sold shares of FLOC. Tower Research Capital LLC TRC raised its position in Flowco by 95.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,643 shares of the company’s stock worth $47,000 after purchasing an additional 1,292 shares during the last quarter. CWM LLC grew its stake in Flowco by 183.6% in the third quarter. CWM LLC now owns 3,667 shares of the company’s stock valued at $54,000 after acquiring an additional 2,374 shares during the period. US Bancorp DE bought a new position in shares of Flowco in the third quarter valued at $61,000. Police & Firemen s Retirement System of New Jersey boosted its stake in Flowco by 38.0% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 4,785 shares of the company’s stock valued at $85,000 after purchasing an additional 1,317 shares during the last quarter. Finally, Strs Ohio purchased a new stake in Flowco in the 1st quarter valued at $92,000.

Analysts Set New Price Targets

FLOC has been the topic of several research reports. Zacks Research downgraded shares of Flowco from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Piper Sandler reiterated an “overweight” rating on shares of Flowco in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Flowco in a report on Tuesday, October 14th. Finally, Evercore ISI reissued an “outperform” rating and issued a $25.00 target price on shares of Flowco in a research note on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.