Flowco (NYSE:FLOC) EVP Sells $142,968.00 in Stock

Flowco Holdings Inc. (NYSE:FLOC - Get Free Report) EVP Chad Roberts sold 7,400 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $19.32, for a total value of $142,968.00. Following the transaction, the executive vice president owned 194,398 shares in the company, valued at $3,755,769.36. This trade represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.Chad Roberts also recently made the following trade(s): 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 transaction 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 Up 0.4%NYSE FLOC traded up $0.08 during mid-day trading on Tuesday, reaching $19.17. The stock had a trading volume of 189,733 shares, compared to its average volume of 275,811. Flowco Holdings Inc. has a 1 year low of $14.03 and a 1 year high of $30.50. The company has a fifty day moving average price of $17.40 and a 200 day moving average price of $16.89. The stock has a market cap of $1.72 billion and a PE 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. Flowco Dividend AnnouncementThe business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors 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 1.7%. The ex-dividend date of this dividend was Friday, November 14th. Flowco's dividend payout ratio (DPR) is presently 10.67%. Hedge Funds Weigh In On FlowcoA number of hedge funds and other institutional investors have recently bought and sold shares of FLOC. JPMorgan Chase & Co. boosted its position in Flowco by 57.9% during the third quarter. JPMorgan Chase & Co. now owns 3,290,164 shares of the company's stock worth $48,859,000 after purchasing an additional 1,206,020 shares in the last quarter. American Century Companies Inc. increased its stake in Flowco by 38.4% during the second quarter. American Century Companies Inc. now owns 2,730,438 shares of the company's stock worth $48,629,000 after acquiring an additional 758,258 shares during the last quarter. Alliancebernstein L.P. acquired a new position in Flowco during the first quarter valued at approximately $19,449,000. Schroder Investment Management Group acquired a new stake in Flowco in the 2nd quarter valued at $8,923,000. Finally, Encompass Capital Advisors LLC boosted its holdings in Flowco by 84.0% in the 2nd quarter. Encompass Capital Advisors LLC now owns 984,301 shares of the company's stock worth $17,530,000 after acquiring an additional 449,498 shares during the period. Analyst Ratings ChangesA number of brokerages have recently issued reports on FLOC. Zacks Research lowered shares of Flowco from a "hold" rating to a "strong sell" rating in a research note on Thursday, January 1st. Piper Sandler restated an "overweight" rating on shares of Flowco in a research note on Tuesday, December 9th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Flowco in a research note on Tuesday, October 14th. Finally, Evercore ISI reiterated an "outperform" rating and issued a $25.00 target price on shares of Flowco in a research report on Thursday, November 6th. Two investment 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.20.View Our Latest Report on FLOCAbout 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.Recommended StoriesFive stocks we like better than FlowcoA month before the crashElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthS&P 8000BNZI: BNZI Surges Ahead as AI Marketing Fuels Record RevenueThis 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. 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