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 Performance

Shares of NYSE FLNG traded up $0.17 during trading hours on Thursday, reaching $24.55. 291,907 shares of the stock were exchanged, compared to its average volume of 427,301. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 14.44 and a beta of 0.72. The stock’s fifty day simple moving average is $23.60 and its 200 day simple moving average is $25.36. 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 52 week low of $20.85 and a 52 week high of $30.77.

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 issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 12.22%. The ex-dividend date was Wednesday, November 27th. FLEX LNG’s dividend payout ratio is presently 176.47%.

Analysts Set New Price Targets

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

Institutional Trading of FLEX LNG

Several large investors have recently modified their holdings of FLNG. HHM Wealth Advisors LLC bought a new stake in shares of FLEX LNG during the second quarter worth about $47,000. GAMMA Investing LLC increased its holdings in FLEX LNG by 6,254.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,970 shares of the company’s stock worth $50,000 after purchasing an additional 1,939 shares in the last quarter. Redwood Wealth Management Group LLC purchased a new stake in FLEX LNG in the 2nd quarter valued at $98,000. FMR LLC lifted its position in shares of FLEX LNG by 39.4% during the third quarter. FMR LLC now owns 7,348 shares of the company’s stock valued at $189,000 after purchasing an additional 2,075 shares in the last quarter. Finally, Creative Planning purchased a new stake in shares of FLEX LNG during the third quarter valued at approximately $206,000.

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.

About FLEX LNG

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.