Flowco (NYSE:FLOC) EVP Chad Roberts Sells 54,706 Shares of Stock

Flowco Holdings Inc. (NYSE:FLOCGet Free Report) EVP Chad Roberts sold 54,706 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $22.39, for a total value of $1,224,867.34. Following the transaction, the executive vice president directly owned 67,008 shares in the company, valued at $1,500,309.12. This represents a 44.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Monday, February 2nd, Chad Roberts sold 8,300 shares of Flowco stock. The stock was sold at an average price of $21.45, for a total transaction of $178,035.00.
  • On Friday, January 23rd, Chad Roberts sold 40,884 shares of Flowco stock. The stock was sold at an average price of $21.47, for a total transaction of $877,779.48.
  • On Thursday, January 8th, Chad Roberts sold 23,428 shares of Flowco stock. The shares were sold at an average price of $19.34, for a total transaction of $453,097.52.
  • 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 transaction of $1,389.60.
  • On Monday, January 5th, Chad Roberts sold 7,400 shares of Flowco stock. The shares were 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 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 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 stock was sold at an average price of $18.26, for a total value of $1,007,458.98.

Flowco Stock Up 6.6%

FLOC opened at $22.56 on Wednesday. Flowco Holdings Inc. has a one year low of $14.03 and a one year high of $29.14. The company has a market cap of $2.02 billion and a price-to-earnings ratio of 7.52. The business’s fifty day moving average is $18.97 and its two-hundred day moving average is $17.22. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, February 13th. Flowco’s dividend payout ratio (DPR) is 10.67%.

Flowco News Roundup

Here are the key news stories impacting Flowco this week:

  • Positive Sentiment: Flowco announced the acquisition of Valiant to broaden its production-optimization and artificial-lift portfolio — the deal should expand addressable market, product depth and cross-sell opportunities, making the company more attractive to oilfield services buyers. Flowco Broadens Production Optimization Portfolio Through Strategic Acquisition of Valiant
  • Positive Sentiment: Flowco reiterated M&A details on an investor call (transcript available), giving investors more clarity on integration plans and expected synergies from recent deals — clarity on M&A execution often supports multiple valuation re-ratings. Flowco Holdings Inc. (FLOC) M&A Call Transcript
  • Positive Sentiment: Flowco declared a quarterly dividend (record Feb 13, payable Feb 25) — while modest, the payout signals cash generation and can attract income-oriented investors.
  • Neutral Sentiment: Trading volume is materially above its average and the stock is trading above its 50- and 200-day moving averages, which can amplify price moves as momentum traders pile in.
  • Negative Sentiment: Insider selling: EVP Chad Roberts disclosed two recent sales (Feb 2 and Feb 3) totaling ~62, +62,?—actually 62,? wait—(54,706 shares on Feb 3 and 8,300 shares on Feb 2), a meaningful reduction in his holdings; large executive sales can spook some investors and raise questions about timing/intent. SEC filings: Feb 3 SEC Filing and Feb 2 SEC Filing

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FLOC. 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Flowco in a report on Friday, January 9th. Piper Sandler reaffirmed an “overweight” rating on shares of Flowco in a research note on Tuesday, December 9th. Zacks Research raised shares of Flowco from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Finally, BMO Capital Markets raised their price target on shares of Flowco from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Flowco presently has an average rating of “Moderate Buy” and an average price target of $28.20.

Check Out Our Latest Stock Report on Flowco

Hedge Funds Weigh In On Flowco

Large investors have recently added to or reduced their stakes in the business. Schroder Investment Management Group acquired a new stake in shares of Flowco in the second quarter worth approximately $8,923,000. JPMorgan Chase & Co. raised its stake in Flowco by 38.3% during the second quarter. JPMorgan Chase & Co. now owns 2,084,144 shares of the company’s stock worth $37,119,000 after purchasing an additional 576,806 shares during the period. American Century Companies Inc. boosted its holdings in shares of Flowco by 38.4% in the 2nd quarter. American Century Companies Inc. now owns 2,730,438 shares of the company’s stock valued at $48,629,000 after purchasing an additional 758,258 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of Flowco during the 2nd quarter valued at $1,290,000. Finally, Encompass Capital Advisors LLC increased its holdings in shares of Flowco by 84.0% during the 2nd 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.

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.

Featured Stories

Insider Buying and Selling by Quarter for Flowco (NYSE:FLOC)

Receive News & Ratings for Flowco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flowco and related companies with MarketBeat.com's FREE daily email newsletter.