Ferrellgas Partners, L.P. (NYSE:FGP) Director David L. Starling purchased 10,300 shares of the stock in a transaction on Tuesday, October 4th. The shares were bought at an average price of $9.50 per share, for a total transaction of $97,850.00. Following the acquisition, the director now owns 8,640 shares of the company’s stock, valued at $82,080. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Ferrellgas Partners, L.P. (NYSE:FGP) traded up 3.868% on Wednesday, reaching $10.096. The company had a trading volume of 1,393,649 shares. The company’s 50-day moving average price is $17.76 and its 200-day moving average price is $18.39. Ferrellgas Partners, L.P. has a 52-week low of $9.12 and a 52-week high of $21.22. The firm’s market capitalization is $980.85 million.

Ferrellgas Partners, L.P. (NYSE:FGP) last released its earnings results on Wednesday, September 28th. The company reported ($6.68) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.42) by $6.26. The business earned $409.50 million during the quarter, compared to analysts’ expectations of $461.99 million. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.64) EPS. On average, analysts predict that Ferrellgas Partners, L.P. will post $0.35 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Wednesday, September 7th were paid a $0.5125 dividend. This represents a $2.05 annualized dividend and a yield of 21.09%. The ex-dividend date was Friday, September 2nd.

Several equities analysts have commented on the company. TheStreet downgraded Ferrellgas Partners, L.P. from a “hold” rating to a “sell” rating in a report on Monday. Piper Jaffray Cos. downgraded Ferrellgas Partners, L.P. from a “neutral” rating to an “underweight” rating in a report on Wednesday, September 28th. Zacks Investment Research raised Ferrellgas Partners, L.P. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Citigroup Inc. reduced their price objective on Ferrellgas Partners, L.P. from $14.00 to $11.00 and set a “sell” rating for the company in a research report on Thursday, September 29th. Finally, Bank of America Corp. cut Ferrellgas Partners, L.P. to a “sell” rating in a research report on Friday, June 10th. Eight investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company currently has an average rating of “Sell” and an average target price of $16.00.

Large investors have recently added to or reduced their stakes in the stock. UBS Group AG raised its position in Ferrellgas Partners, L.P. by 126.5% in the first quarter. UBS Group AG now owns 521,612 shares of the company’s stock valued at $9,076,000 after buying an additional 291,288 shares during the period. Texas Yale Capital Corp. raised its position in Ferrellgas Partners, L.P. by 0.6% in the second quarter. Texas Yale Capital Corp. now owns 416,146 shares of the company’s stock valued at $7,690,000 after buying an additional 2,516 shares during the period. California Public Employees Retirement System raised its position in Ferrellgas Partners, L.P. by 20.2% in the second quarter. California Public Employees Retirement System now owns 354,900 shares of the company’s stock valued at $6,559,000 after buying an additional 59,600 shares during the period. Global X Management Co. LLC raised its position in Ferrellgas Partners, L.P. by 11.4% in the second quarter. Global X Management Co. LLC now owns 335,752 shares of the company’s stock valued at $6,205,000 after buying an additional 34,485 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Ferrellgas Partners, L.P. by 108.6% in the second quarter. JPMorgan Chase & Co. now owns 300,452 shares of the company’s stock valued at $5,552,000 after buying an additional 156,397 shares during the period.

About Ferrellgas Partners, L.P.

Ferrellgas Partners, L.P. is engaged in the retail distribution of propane and related equipment sales, and midstream operations, which include crude oil logistics segment and water solutions segment. The Company’s two direct subsidiaries include Ferrellgas Partners Finance Corp. and the operating partnership.

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