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 %

NYSE:FLNG traded up $0.17 during midday trading 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 fifty day simple moving average of $23.60 and a 200 day simple moving average of $25.36. The company has a market capitalization of $1.32 billion, a PE ratio of 14.44 and a beta of 0.72. The company has a current ratio of 2.21, a quick ratio of 2.18 and a debt-to-equity ratio of 1.97. FLEX LNG Ltd. has a fifty-two week low of $20.85 and a fifty-two week high of $30.77.

FLEX LNG Announces Dividend

The firm also recently declared 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 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 presently 176.47%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of FLEX LNG

Several hedge funds have recently bought and sold shares of FLNG. Bank of New York Mellon Corp raised its position in FLEX LNG by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 100,983 shares of the company’s stock worth $2,731,000 after acquiring an additional 2,607 shares in the last quarter. Rhumbline Advisers lifted its position in FLEX LNG by 5.5% in the 2nd quarter. Rhumbline Advisers now owns 46,198 shares of the company’s stock worth $1,249,000 after buying an additional 2,412 shares in the last quarter. HHM Wealth Advisors LLC acquired a new position in shares of FLEX LNG in the second quarter worth $47,000. Redwood Wealth Management Group LLC acquired a new stake in FLEX LNG during the second quarter valued at $98,000. Finally, Renaissance Technologies LLC increased its position in FLEX LNG by 6.8% in the 2nd quarter. Renaissance Technologies LLC now owns 400,200 shares of the company’s stock worth $10,821,000 after purchasing an additional 25,600 shares during the last quarter.

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.