Key Points
- EVP Chad Roberts sold 9,253 shares of Flowco on December 12 at an average price of $19.30 for $178,582.90, leaving him with 172,290 shares and a 5.10% reduction in his ownership.
- Roberts also sold 19,457 shares on December 4 (avg. $18.62) and 55,173 shares on November 5 (avg. $18.26), indicating significant insider selling over the past months.
- Flowco trades around $18 with a market cap of $1.61 billion and a PE of 6.0, pays a $0.08 quarterly dividend (≈1.8% yield), and carries a consensus analyst rating of “Moderate Buy” with an average target of $29.20.
Flowco Holdings Inc. (NYSE:FLOC - Get Free Report) EVP Chad Roberts sold 9,253 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $19.30, for a total value of $178,582.90. Following the completion of the transaction, the executive vice president directly owned 172,290 shares of the company's stock, valued at approximately $3,325,197. The trade was a 5.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Chad Roberts also recently made the following trade(s):
- 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 Stock Down 0.5%
Shares of NYSE:FLOC opened at $18.00 on Wednesday. The company's fifty day moving average is $16.50 and its 200-day moving average is $16.81. 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 Holdings Inc. has a 52 week low of $14.03 and a 52 week high of $30.50. The company has a market capitalization of $1.61 billion and a PE ratio of 6.00.
Flowco Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 14th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, November 14th. Flowco's dividend payout ratio is currently 10.67%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of FLOC. Vanguard Group Inc. acquired a new stake in shares of Flowco in the 1st quarter valued at $45,022,000. Charles Schwab Investment Management Inc. acquired a new stake in Flowco in the first quarter worth about $4,147,000. Deutsche Bank AG bought a new stake in Flowco during the 1st quarter worth about $292,000. Invesco Ltd. acquired a new position in Flowco during the 1st quarter valued at about $292,000. Finally, Nuveen LLC bought a new position in shares of Flowco in the 1st quarter valued at about $644,000.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on FLOC. Piper Sandler reiterated an "overweight" rating on shares of Flowco in a research note on Tuesday, December 9th. Zacks Research raised Flowco from a "strong sell" rating to a "hold" rating in a research note on Wednesday, November 19th. Weiss Ratings restated a "sell (d-)" rating on shares of Flowco in a report on Tuesday, October 14th. Finally, Evercore ISI reiterated an "outperform" rating and set a $25.00 price target on shares of Flowco in a research report on Thursday, November 6th. Two research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $29.20.
Get Our Latest Stock Report on Flowco
Flowco Company Profile
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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.
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