Flowco (NYSE:FLOC) EVP Sells $453,097.52 in Stock

Key Points

  • Chad Roberts, Flowco's EVP, sold 23,428 shares on Jan. 8 at an average of $19.34 for a total of $453,097.52, cutting his stake by 12.06% to 170,898 shares.
  • The sale is part of multiple recent insider disposals even as institutions (e.g., JPMorgan, American Century) have been increasing positions; FLOC trades near $19.48, has a $1.75B market cap and P/E of 6.49, pays a 1.6% yield, and carries a consensus rating of "Moderate Buy" with an average target of $29.20.

Flowco Holdings Inc. (NYSE:FLOC - Get Free Report) EVP Chad Roberts sold 23,428 shares of the firm's stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $19.34, for a total transaction of $453,097.52. Following the transaction, the executive vice president owned 170,898 shares of the company's stock, valued at approximately $3,305,167.32. This trade represents a 12.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 shares were 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 transaction of $1,007,458.98.

Flowco Stock Performance




FLOC opened at $19.48 on Friday. Flowco Holdings Inc. has a 12-month low of $14.03 and a 12-month high of $30.50. The stock has a market cap of $1.75 billion and a price-to-earnings ratio of 6.49. The business has a 50 day moving average of $17.60 and a 200-day moving average of $16.93. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 14th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, November 14th. Flowco's dividend payout ratio is presently 10.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in Flowco by 57.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,290,164 shares of the company's stock valued at $48,859,000 after buying an additional 1,206,020 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Flowco by 38.4% during the second quarter. American Century Companies Inc. now owns 2,730,438 shares of the company's stock valued at $48,629,000 after acquiring an additional 758,258 shares in the last quarter. Alliancebernstein L.P. purchased a new position in shares of Flowco in the 1st quarter worth about $19,449,000. Schroder Investment Management Group bought a new position in Flowco in the 2nd quarter worth about $8,923,000. Finally, Encompass Capital Advisors LLC raised its holdings in Flowco by 84.0% in the second quarter. Encompass Capital Advisors LLC now owns 984,301 shares of the company's stock worth $17,530,000 after buying an additional 449,498 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have weighed in on FLOC shares. Evercore ISI reaffirmed an "outperform" rating and set a $25.00 target price on shares of Flowco in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Flowco in a report on Tuesday, October 14th. Piper Sandler reaffirmed an "overweight" rating on shares of Flowco in a research note on Tuesday, December 9th. Finally, Zacks Research cut shares of Flowco from a "hold" rating to a "strong sell" rating in a research report on Thursday, January 1st. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $29.20.

Read Our Latest Analysis on Flowco

Flowco Company Profile

(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.

Further Reading

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