Flowco (NYSE:FLOC) EVP Sells $877,779.48 in Stock

Flowco Holdings Inc. (NYSE:FLOC) EVP Chad Roberts sold 40,884 shares of the business’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $21.47, for a total transaction of $877,779.48. Following the completion of the transaction, the executive vice president owned 130,014 shares in the company, valued at approximately $2,791,400.58. The trade was a 23.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Chad Roberts also recently made the following trade(s):

• On Thursday, January 8th, Chad Roberts sold 23,428 shares of Flowco stock. The stock was sold at an average price of $19.34, for a total value of $453,097.52.
• On Wednesday, January 7th, Chad Roberts sold 72 shares of Flowco stock. The shares were 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 value 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 stock was 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 shares were sold at an average price of $18.26, for a total transaction of $1,007,458.98.

Flowco Stock Up 3.7%

Shares of NYSE FLOC opened at $20.56 on Friday. The company has a quick ratio of 1.33, a current ratio of 2.90 and a debt-to-equity ratio of 0.63. The firm has a market cap of $1.84 billion and a PE ratio of 6.85. The company’s fifty day simple moving average is $18.65 and its 200 day simple moving average is $17.16. Flowco Holdings Inc. has a 12-month low of $14.03 and a 12-month high of $29.28.

Hedge Funds Weigh In On Flowco

Several large investors have recently bought and sold shares of the stock. Peregrine Capital Management LLC boosted its holdings in Flowco by 16.1% during the 4th quarter. Peregrine Capital Management LLC now owns 478,648 shares of the company’s stock worth $8,970,000 after acquiring an additional 66,482 shares during the last quarter. CWM LLC boosted its holdings in Flowco by 100.5% during the fourth quarter. CWM LLC now owns 7,352 shares of the company’s stock worth $138,000 after purchasing an additional 3,685 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Flowco in the 4th quarter worth about $143,000. SG Americas Securities LLC purchased a new stake in Flowco in the 4th quarter valued at about $126,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Flowco by 57.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,290,164 shares of the company’s stock worth $48,859,000 after buying an additional 1,206,020 shares in the last quarter.

Analysts Set New Price Targets

FLOC has been the topic of a number of research reports. Piper Sandler reaffirmed an “overweight” rating on shares of Flowco in a research note on Tuesday, December 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Flowco in a report on Friday, January 9th. Evercore ISI restated an “outperform” rating and set a $25.00 price objective on shares of Flowco in a report on Thursday, November 6th. Finally, Zacks Research cut shares of Flowco from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.20.

About Flowco

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.