Key Points
- Insider sale: On Jan. 5 EVP Chad Roberts sold 7,400 shares at $19.32 for $142,968, trimming his position by 3.67%; he has sold additional blocks in Nov.–Dec., totaling more than $1.6 million in recent insider sales.
- Company snapshot: Flowco shares trade around $19.17 with a $1.72B market cap and a 6.39 P/E, pay a $0.08 quarterly dividend (annualized $0.32, 1.7% yield), and carry an average analyst target of $29.20 (consensus: "Moderate Buy").
Flowco Holdings Inc. (NYSE:FLOC - Get Free Report) EVP Chad Roberts sold 7,400 shares of Flowco stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $19.32, for a total transaction of $142,968.00. Following the completion of the sale, the executive vice president owned 194,398 shares of the company's stock, valued at $3,755,769.36. This trade represents a 3.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Chad Roberts also recently made the following trade(s):
- 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 stock was sold at an average price of $18.26, for a total value of $1,007,458.98.
Flowco Stock Performance
Shares of Flowco stock opened at $19.17 on Wednesday. The stock has a market capitalization of $1.72 billion and a price-to-earnings ratio of 6.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.90 and a quick ratio of 1.33. The business has a 50-day moving average of $17.47 and a 200 day moving average of $16.90. Flowco Holdings Inc. has a 12 month low of $14.03 and a 12 month high of $30.50.
Flowco Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 14th were issued a $0.08 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.7%. Flowco's payout ratio is 10.67%.
Wall Street Analyst Weigh In
Several equities analysts have commented on FLOC shares. Evercore ISI reissued an "outperform" rating and issued a $25.00 price target on shares of Flowco in a research report on Thursday, November 6th. Zacks Research cut Flowco from a "hold" rating to a "strong sell" rating in a research note on Thursday, January 1st. Piper Sandler reissued an "overweight" rating on shares of Flowco in a research note on Tuesday, December 9th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Flowco in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $29.20.
View Our Latest Research Report on FLOC
Institutional Investors Weigh In On Flowco
Institutional investors have recently modified their holdings of the company. Invesco Ltd. acquired a new position in shares of Flowco during the first quarter worth $292,000. MetLife Investment Management LLC purchased a new stake in Flowco during the 1st quarter worth about $304,000. Corebridge Financial Inc. acquired a new position in shares of Flowco during the 1st quarter worth about $247,000. Adage Capital Partners GP L.L.C. purchased a new position in shares of Flowco in the 1st quarter valued at about $6,629,000. Finally, Alliancebernstein L.P. acquired a new stake in shares of Flowco during the 1st quarter worth about $19,449,000.
About Flowco
(
Get Free Report)
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.
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