Encompass Capital Advisors LLC Acquires 449,498 Shares of Flowco Holdings Inc. $FLOC

Encompass Capital Advisors LLC increased its holdings in shares of Flowco Holdings Inc. (NYSE:FLOC - Free Report) by 84.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 984,301 shares of the company's stock after buying an additional 449,498 shares during the quarter. Encompass Capital Advisors LLC owned 1.09% of Flowco worth $17,530,000 at the end of the most recent reporting period.Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Flowco by 38.0% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 4,785 shares of the company's stock worth $85,000 after acquiring an additional 1,317 shares during the last quarter. Strs Ohio acquired a new position in Flowco during the 1st quarter worth approximately $92,000. Y Intercept Hong Kong Ltd bought a new position in Flowco in the 2nd quarter valued at approximately $208,000. Corebridge Financial Inc. acquired a new stake in Flowco in the first quarter valued at approximately $247,000. Finally, XTX Topco Ltd acquired a new position in shares of Flowco during the second quarter worth $280,000. Analyst Ratings ChangesA number of equities research analysts recently weighed in on the company. Evercore ISI restated an "outperform" rating and set a $25.00 price objective on shares of Flowco in a research report on Thursday, November 6th. Zacks Research raised shares of Flowco from a "strong sell" rating to a "hold" rating in a report on Wednesday, November 19th. Piper Sandler reaffirmed an "overweight" rating on shares of Flowco in a research note on Tuesday. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Flowco in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $29.20.Get Our Latest Stock Analysis on FlowcoFlowco Stock Down 1.5%Flowco stock opened at $18.64 on Friday. The firm has a 50 day moving average price of $16.40 and a two-hundred day moving average price of $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 firm has a market cap of $1.67 billion and a price-to-earnings ratio of 6.21. Flowco Dividend AnnouncementThe company also recently announced 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 annualized dividend and a yield of 1.7%. Flowco's payout ratio is presently 10.67%. Insider Buying and SellingIn other Flowco news, EVP Chad Roberts sold 19,457 shares of the stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $18.62, for a total transaction of $362,289.34. Following the completion of the sale, the executive vice president directly owned 181,543 shares in the company, valued at approximately $3,380,330.66. This trade represents a 9.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Flowco Profile (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.See AlsoFive stocks we like better than FlowcoFollowing Congress Stock TradesSynopsys Sees Bullish Shift as Ansys Integration Drives GrowthMarket Cap Calculator: How to Calculate Market CapThe Best Holiday Present You Can Give Yourself? Costco Stock3 Warren Buffett Stocks to Buy NowWhy Zscaler Stock Could Be Ready to Bounce After a 30% SelloffThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Flowco Right Now?Before you consider Flowco, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Flowco wasn't on the list.While Flowco currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here