Flowco (NYSE:FLOC) EVP Sells $1,224,867.34 in Stock

Flowco Holdings Inc. (NYSE:FLOC) EVP Chad Roberts sold 54,706 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $22.39, for a total value of $1,224,867.34. Following the completion of the sale, the executive vice president directly owned 67,008 shares of the company’s stock, valued at $1,500,309.12. The trade was a 44.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, February 2nd, Chad Roberts sold 8,300 shares of Flowco stock. The stock was sold at an average price of $21.45, for a total value of $178,035.00.
• On Friday, January 23rd, Chad Roberts sold 40,884 shares of Flowco stock. The stock was 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 transaction 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 transaction 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 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 value 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 value of $1,007,458.98.

Flowco Price Performance

Shares of NYSE FLOC opened at $21.29 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.90 and a debt-to-equity ratio of 0.63. Flowco Holdings Inc. has a fifty-two week low of $14.03 and a fifty-two week high of $29.14. The business has a 50 day moving average price of $19.17 and a two-hundred day moving average price of $17.28. The firm has a market cap of $1.91 billion and a PE ratio of 7.10.

Flowco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Friday, February 13th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.32 annualized dividend and a yield of 1.5%. Flowco’s dividend payout ratio is currently 10.67%.

Hedge Funds Weigh In On Flowco

Several institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Flowco in the 1st quarter worth approximately $298,000. Goldman Sachs Group Inc. acquired a new stake in Flowco in the first quarter worth $878,000. Woodline Partners LP bought a new stake in Flowco in the first quarter valued at $1,282,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Flowco during the first quarter valued at $3,070,000. Finally, Strs Ohio bought a new position in shares of Flowco during the first quarter worth about $92,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FLOC shares. Jefferies Financial Group reissued a “buy” rating and issued a $30.00 target price on shares of Flowco in a research report on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of Flowco in a report on Friday, January 9th. 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 reiterated an “overweight” rating on shares of Flowco in a research report on Tuesday, December 9th. Finally, BMO Capital Markets boosted their price target on Flowco from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $28.20.

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.