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

Flowco Holdings Inc. (NYSE:FLOC) EVP Chad Roberts sold 8,300 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $21.45, for a total transaction of $178,035.00. Following the completion of the sale, the executive vice president directly owned 121,714 shares of the company’s stock, valued at $2,610,765.30. The trade was a 6.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, February 3rd, Chad Roberts sold 54,706 shares of Flowco stock. The shares were sold at an average price of $22.39, for a total transaction of $1,224,867.34.
• 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 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 shares were 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 value of $178,582.90.
• On Thursday, December 4th, Chad Roberts sold 19,457 shares of Flowco stock. The stock was 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 Down 3.9%

NYSE FLOC opened at $21.29 on Friday. The company’s fifty day simple moving average is $19.17 and its 200-day simple moving average is $17.28. The stock has a market cap of $1.91 billion and a P/E ratio of 7.10. Flowco Holdings Inc. has a 52 week low of $14.03 and a 52 week high of $29.14. 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 announced a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Friday, February 13th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, February 13th. This represents a $0.32 annualized dividend and a dividend yield of 1.5%. Flowco’s dividend payout ratio (DPR) is currently 10.67%.

Hedge Funds Weigh In On Flowco

Several large investors have recently added to or reduced their stakes in FLOC. JPMorgan Chase & Co. increased its stake in Flowco by 57.9% during the third quarter. JPMorgan Chase & Co. now owns 3,290,164 shares of the company’s stock valued at $48,859,000 after purchasing an additional 1,206,020 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Flowco by 1.5% in the 3rd quarter. American Century Companies Inc. now owns 2,770,917 shares of the company’s stock valued at $41,148,000 after buying an additional 40,479 shares during the period. Vanguard Group Inc. grew its position in shares of Flowco by 6.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,848,250 shares of the company’s stock valued at $27,447,000 after buying an additional 118,628 shares during the last quarter. Encompass Capital Advisors LLC raised its stake in Flowco by 84.0% during the second 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. Finally, Schroder Investment Management Group lifted its holdings in Flowco by 37.6% in the third quarter. Schroder Investment Management Group now owns 687,713 shares of the company’s stock worth $10,522,000 after acquiring an additional 187,827 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FLOC. Zacks Research raised Flowco from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Jefferies Financial Group reiterated a “buy” rating and set a $30.00 target price on shares of Flowco in a research note on Monday. Piper Sandler restated an “overweight” rating on shares of Flowco in a research note on Tuesday, December 9th. BMO Capital Markets increased their price objective on shares of Flowco from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Flowco in a research report on Friday, January 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Flowco presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.20.

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.