Flowco (NYSE:FLOC) EVP Chad Roberts Sells 23,428 Shares

Flowco Holdings Inc. (NYSE:FLOC) EVP Chad Roberts sold 23,428 shares of Flowco stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $19.34, for a total value of $453,097.52. Following the sale, the executive vice president directly owned 170,898 shares in the company, valued at approximately $3,305,167.32. This trade represents a 12.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, January 7th, Chad Roberts sold 72 shares of Flowco stock. The stock was 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 transaction 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 value 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 value 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 transaction of $1,007,458.98.

Flowco Trading Up 4.2%

Shares of NYSE:FLOC traded up $0.79 during mid-day trading on Thursday, reaching $19.48. The stock had a trading volume of 167,674 shares, compared to its average volume of 222,373. The firm has a 50 day simple moving average of $17.53 and a two-hundred day simple moving average of $16.91. The firm has a market cap of $1.75 billion and a PE ratio of 6.49. Flowco Holdings Inc. has a twelve month low of $14.03 and a twelve month high of $30.50. The company has a current ratio of 2.90, a quick ratio of 1.33 and a debt-to-equity ratio of 0.63.

Flowco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were paid a $0.08 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.32 annualized dividend and a yield of 1.6%. Flowco’s dividend payout ratio is currently 10.67%.

Wall Street Analyst Weigh In

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

Institutional Trading of Flowco

Large investors have recently bought and sold shares of the company. Verition Fund Management LLC grew its holdings in Flowco by 4.4% during the 3rd 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 grew its position in Flowco by 95.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,643 shares of the company’s stock worth $47,000 after acquiring an additional 1,292 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of 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 buying an additional 1,317 shares in the last quarter. CWM LLC lifted its holdings in shares of Flowco by 183.6% in the 3rd quarter. CWM LLC now owns 3,667 shares of the company’s stock worth $54,000 after acquiring an additional 2,374 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Flowco in the first quarter worth 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.