Rep. Virginia Foxx Sells Off Shares of FLEX LNG Ltd. (NYSE:FLNG)

Representative Virginia Foxx (R-North Carolina) recently sold shares of FLEX LNG Ltd. (NYSE:FLNG). In a filing disclosed on January 06th, the Representative disclosed that they had sold between $15,001 and $50,000 in FLEX LNG stock on December 6th.

Representative Virginia Foxx also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of AbbVie (NYSE:ABBV) on 12/6/2024.
• Sold $50,001 – $100,000 in shares of Via Renewables (NASDAQ:VIASP) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of American Electric Power (NASDAQ:AEP) on 12/6/2024.
• Sold $50,001 – $100,000 in shares of Pembina Pipeline (NYSE:PBA) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of Bristol-Myers Squibb (NYSE:BMY) on 12/6/2024.
• Sold $15,001 – $50,000 in shares of Ardmore Shipping (NYSE:ASC) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of Amgen (NASDAQ:AMGN) on 12/6/2024.
• Sold $15,001 – $50,000 in shares of Alliance Resource Partners (NASDAQ:ARLP) on 12/6/2024.
• Purchased $1,001 – $15,000 in shares of Duke Energy (NYSE:DUK) on 12/6/2024.
• Sold $15,001 – $50,000 in shares of Energy Transfer (NYSE:ET) on 12/6/2024.

FLEX LNG Stock Up 0.7 %

FLNG traded up $0.17 on Thursday, hitting $24.55. 291,907 shares of the company were exchanged, compared to its average volume of 427,301. The company has a market cap of $1.32 billion, a PE ratio of 14.44 and a beta of 0.72. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.18 and a current ratio of 2.21. FLEX LNG Ltd. has a 12 month low of $20.85 and a 12 month high of $30.77. The stock’s fifty day moving average is $23.60 and its 200-day moving average is $25.36.

FLEX LNG Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $3.00 annualized dividend and a dividend yield of 12.22%. FLEX LNG’s dividend payout ratio is currently 176.47%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Chelsea Counsel Co. lifted its position in FLEX LNG by 2.8% in the 3rd quarter. Chelsea Counsel Co. now owns 60,350 shares of the company’s stock valued at $1,535,000 after acquiring an additional 1,640 shares in the last quarter. Barclays PLC boosted its position in shares of FLEX LNG by 124.3% during the third quarter. Barclays PLC now owns 50,063 shares of the company’s stock valued at $1,273,000 after buying an additional 27,746 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in FLEX LNG during the third quarter worth $289,000. Legacy Investment Solutions LLC purchased a new position in FLEX LNG during the 3rd quarter worth $311,000. Finally, National Bank of Canada FI grew its stake in shares of FLEX LNG by 25.1% in the 3rd quarter. National Bank of Canada FI now owns 9,336 shares of the company’s stock worth $238,000 after acquiring an additional 1,873 shares in the last quarter.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “hold” rating and set a $24.00 target price on shares of FLEX LNG in a report on Tuesday, November 12th.

About Representative Foxx

Virginia Foxx (Republican Party) is a member of the U.S. House, representing North Carolina’s 5th Congressional District. She assumed office on January 3, 2005. Her current term ends on January 3, 2025. Foxx (Republican Party) is running for re-election to the U.S. House to represent North Carolina’s 5th Congressional District. She declared candidacy for the 2024 election. Prior to her election to the U.S. House, Foxx served as a member of the North Carolina State Senate as well as deputy secretary for management for North Carolina. Foxx was born in New York, New York. She earned a B.A. and M.A.C.T. from the University of North Carolina, Chapel Hill, in 1968 and 1972, respectively, and an Ed.D. from the University of North Carolina, Greensboro, in 1985. Foxx worked as an instructor at Caldwell Community College in Hudson, NC, and an instructor and assistant dean at Appalachian State University in Boone, NC. She owned a landscape nursery and served as Deputy Secretary for Management at the North Carolina Department of Administration.

FLEX LNG Company Profile

Flex LNG Ltd., together with its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. The company owns and operates vessels with M-type electronically controlled gas injection LNG carriers; and vessels with generation X dual fuel propulsion systems. Flex LNG Ltd.