Flowco (NYSE:FLOC) EVP Sells $178,035.00 in Stock

Flowco Holdings Inc. (NYSE:FLOC) EVP Chad Roberts sold 8,300 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $21.45, for a total value of $178,035.00. Following the completion of the transaction, the executive vice president owned 121,714 shares in the company, valued at approximately $2,610,765.30. This trade represents a 6.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, January 23rd, Chad Roberts sold 40,884 shares of Flowco stock. The shares were sold at an average price of $21.47, for a total value of $877,779.48.
• On Thursday, January 8th, Chad Roberts sold 23,428 shares of Flowco stock. The shares were sold at an average price of $19.34, for a total value of $453,097.52.
• On Wednesday, January 7th, Chad Roberts sold 72 shares of Flowco stock. The shares were sold at an average price of $19.30, for a total value of $1,389.60.
• On Monday, January 5th, Chad Roberts sold 7,400 shares of Flowco stock. The stock was sold at an average price of $19.32, for a total value of $142,968.00.
• On Friday, December 12th, Chad Roberts sold 9,253 shares of Flowco stock. The stock was 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 Performance

FLOC stock traded up $1.40 during midday trading on Tuesday, reaching $22.56. The company had a trading volume of 686,481 shares, compared to its average volume of 242,904. The firm has a market capitalization of $2.02 billion and a PE ratio of 7.52. Flowco Holdings Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $29.14. The company has a quick ratio of 1.33, a current ratio of 2.90 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average price of $18.85 and a 200 day moving average price of $17.20.

Flowco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 13th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, February 13th. Flowco’s dividend payout ratio (DPR) is presently 10.67%.

Analyst Ratings Changes

FLOC has been the topic of several recent research reports. BMO Capital Markets lifted their price objective on shares of Flowco from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday. Piper Sandler reiterated an “overweight” rating on shares of Flowco in a research report on Tuesday, December 9th. Jefferies Financial Group restated a “buy” rating and issued a $30.00 target price on shares of Flowco in a research report on Monday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Flowco in a research report on Friday, January 9th. Finally, Zacks Research upgraded shares of Flowco from a “strong sell” rating to a “hold” rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.20.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Verition Fund Management LLC increased its holdings in shares of Flowco by 4.4% in the third quarter. Verition Fund Management LLC now owns 23,997 shares of the company’s stock valued at $356,000 after buying an additional 1,012 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Flowco by 95.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,643 shares of the company’s stock valued at $47,000 after purchasing an additional 1,292 shares during the last quarter. Police & Firemen s Retirement System of New Jersey boosted its position in shares of Flowco by 38.0% in 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 period. CWM LLC raised its holdings in Flowco by 183.6% during the 3rd quarter. CWM LLC now owns 3,667 shares of the company’s stock worth $54,000 after buying an additional 2,374 shares during the period. Finally, Strs Ohio purchased a new stake in Flowco during the first quarter valued at about $92,000.

Flowco Company Profile

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.