Ferrellgas Partners, L.P. (NYSE:FGP) declared a quarterly dividend on Wednesday, November 23rd. Shareholders of record on Thursday, December 8th will be given a dividend of 0.10 per share on Thursday, December 15th. This represents a $0.40 annualized dividend and a yield of 6.02%. The ex-dividend date of this dividend is Tuesday, December 6th.

Ferrellgas Partners, L.P. (NYSE:FGP) opened at 6.65 on Thursday. The firm’s 50-day moving average is $9.02 and its 200 day moving average is $16.09. Ferrellgas Partners, L.P. has a 52-week low of $6.50 and a 52-week high of $21.00. The company’s market cap is $646.06 million.

Ferrellgas Partners, L.P. (NYSE:FGP) last announced its quarterly earnings data on Wednesday, September 28th. The company reported ($6.68) EPS for the quarter, missing the consensus estimate of ($0.42) by $6.26. The business had revenue of $409.50 million for the quarter, compared to analyst estimates of $461.99 million. During the same period last year, the firm posted ($0.64) EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities research analysts predict that Ferrellgas Partners, L.P. will post $0.15 EPS for the current fiscal year.

Dividend History for Ferrellgas Partners, L.P. (NYSE:FGP)

In related news, Director David L. Starling purchased 10,300 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The stock was bought at an average price of $9.50 per share, with a total value of $97,850.00. Following the acquisition, the director now owns 8,640 shares in the company, valued at $82,080. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen M. Clifford purchased 4,000 shares of the business’s stock in a transaction that occurred on Thursday, October 6th. The stock was bought at an average cost of $10.84 per share, with a total value of $43,360.00. Following the acquisition, the director now owns 7,000 shares in the company, valued at approximately $75,880. The disclosure for this purchase can be found here.

Large investors have recently modified their holdings of the company. LPL Financial LLC raised its stake in Ferrellgas Partners, L.P. by 25.0% in the third quarter. LPL Financial LLC now owns 69,863 shares of the company’s stock worth $679,000 after buying an additional 13,971 shares during the last quarter. Cetera Advisors LLC raised its stake in Ferrellgas Partners, L.P. by 1.4% in the third quarter. Cetera Advisors LLC now owns 10,536 shares of the company’s stock worth $124,000 after buying an additional 149 shares during the last quarter. KCG Holdings Inc. acquired a new stake in Ferrellgas Partners, L.P. during the third quarter worth about $177,000. Morgan Stanley raised its stake in Ferrellgas Partners, L.P. by 13.1% in the third quarter. Morgan Stanley now owns 352,412 shares of the company’s stock worth $4,102,000 after buying an additional 40,934 shares during the last quarter. Finally, Texas Yale Capital Corp. raised its stake 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 worth $7,690,000 after buying an additional 2,516 shares during the last quarter.

FGP has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Ferrellgas Partners, L.P. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Royal Bank Of Canada cut shares of Ferrellgas Partners, L.P. from a “sector perform” rating to an “underperform” rating and decreased their target price for the company from $17.00 to $13.00 in a research note on Thursday, September 15th. Citigroup Inc. decreased their target price on shares of Ferrellgas Partners, L.P. from $14.00 to $11.00 and set a “sell” rating for the company in a research note on Thursday, September 29th. Piper Jaffray Cos. initiated coverage on shares of Ferrellgas Partners, L.P. in a research note on Monday, August 22nd. They issued a “neutral” rating for the company. Finally, JPMorgan Chase & Co. cut shares of Ferrellgas Partners, L.P. from a “neutral” rating to an “underweight” rating in a research note on Wednesday, September 28th. Seven investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Ferrellgas Partners, L.P. has an average rating of “Sell” and a consensus target price of $15.57.

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Ferrellgas Partners, L.P. Company Profile

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.

5 Day Chart for NYSE:FGP

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