Global X Management Co. LLC raised its position in shares of Ferrellgas Partners, L.P. (NYSE:FGP) by 14.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 385,812 shares of the company’s stock after buying an additional 50,060 shares during the period. Global X Management Co. LLC owned about 0.40% of Ferrellgas Partners, L.P. worth $4,491,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in Ferrellgas Partners, L.P. by 34.8% in the third quarter. JPMorgan Chase & Co. now owns 404,911 shares of the company’s stock worth $4,713,000 after buying an additional 104,459 shares in the last quarter. Novare Capital Management LLC increased its position in shares of Ferrellgas Partners, L.P. by 7.0% in the third quarter. Novare Capital Management LLC now owns 165,600 shares of the company’s stock valued at $1,928,000 after buying an additional 10,811 shares during the last quarter. Financial Advisory Service Inc. increased its position in shares of Ferrellgas Partners, L.P. by 2.0% in the third quarter. Financial Advisory Service Inc. now owns 14,111 shares of the company’s stock valued at $164,000 after buying an additional 270 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Ferrellgas Partners, L.P. by 2.7% in the third quarter. Wells Fargo & Company MN now owns 84,444 shares of the company’s stock valued at $984,000 after buying an additional 2,197 shares during the last quarter. Finally, UMB Bank N A MO increased its position in shares of Ferrellgas Partners, L.P. by 3.9% in the third quarter. UMB Bank N A MO now owns 10,735 shares of the company’s stock valued at $125,000 after buying an additional 400 shares during the last quarter.

Institutional Ownership by Quarter for Ferrellgas Partners, L.P. (NYSE:FGP)

Shares of Ferrellgas Partners, L.P. (NYSE:FGP) traded down 5.76% during trading on Wednesday, reaching $5.56. 2,108,725 shares of the company were exchanged. The company’s market capitalization is $540.17 million. Ferrellgas Partners, L.P. has a 1-year low of $5.54 and a 1-year high of $21.00. The stock’s 50 day moving average is $8.76 and its 200 day moving average is $15.86.

Ferrellgas Partners, L.P. (NYSE:FGP) last announced its quarterly earnings results on Wednesday, September 28th. The company reported ($6.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.42) by $6.26. The firm had revenue of $409.50 million for the quarter, compared to the consensus estimate of $461.99 million. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.64) EPS. Equities analysts anticipate that Ferrellgas Partners, L.P. will post $0.15 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 8th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 6th. This represents a $0.40 annualized dividend and a dividend yield of 7.19%.

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Several research analysts have commented on FGP shares. Zacks Investment Research raised shares of Ferrellgas Partners, L.P. from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 9th. Royal Bank Of Canada downgraded shares of Ferrellgas Partners, L.P. from a “sector perform” rating to an “underperform” rating and cut their price target for the company from $17.00 to $13.00 in a report on Thursday, September 15th. Citigroup Inc. cut their price target on shares of Ferrellgas Partners, L.P. from $14.00 to $11.00 and set a “sell” rating for the company in a report on Thursday, September 29th. Piper Jaffray Cos. started coverage on shares of Ferrellgas Partners, L.P. in a report on Monday, August 22nd. They issued a “neutral” rating for the company. Finally, JPMorgan Chase & Co. downgraded shares of Ferrellgas Partners, L.P. from a “neutral” rating to an “underweight” rating in a report on Wednesday, September 28th. Eight equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company has an average rating of “Sell” and a consensus target price of $15.57.

In related news, Director Stephen M. Clifford acquired 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 6th. The stock was acquired at an average cost of $10.84 per share, for a total transaction of $43,360.00. Following the completion of the acquisition, the director now directly owns 7,000 shares of the company’s stock, valued at approximately $75,880. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David L. Starling acquired 10,300 shares of the firm’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 completion of the acquisition, the director now directly owns 8,640 shares of the company’s stock, valued at $82,080. The disclosure for this purchase can be found here.

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. The Company’s segments include propane and related equipment sales, midstream operations-crude oil logistics, and corporate and other. The propane and related equipment sales segment consists of the distribution of propane and related equipment and supplies.

5 Day Chart for NYSE:FGP

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