Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Ferrellgas Partners, L.P. (NYSE:FGP) by 2.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 89,372 shares of the oil and gas company’s stock after purchasing an additional 2,162 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.09% of Ferrellgas Partners, L.P. worth $409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. KCG Holdings Inc. acquired a new position in Ferrellgas Partners, L.P. during the first quarter valued at $106,000. Alliancebernstein L.P. lifted its position in Ferrellgas Partners, L.P. by 40.6% during the first quarter. Alliancebernstein L.P. now owns 18,208 shares of the oil and gas company’s stock valued at $109,000 after purchasing an additional 5,257 shares during the period. Russell Investments Group Ltd. acquired a new position in Ferrellgas Partners, L.P. during the first quarter valued at $166,000. Fort Point Capital Partners LLC lifted its position in Ferrellgas Partners, L.P. by 195.8% during the first quarter. Fort Point Capital Partners LLC now owns 109,000 shares of the oil and gas company’s stock valued at $654,000 after purchasing an additional 72,150 shares during the period. Finally, Arrow Investment Advisors LLC lifted its position in Ferrellgas Partners, L.P. by 177.6% during the first quarter. Arrow Investment Advisors LLC now owns 141,195 shares of the oil and gas company’s stock valued at $847,000 after purchasing an additional 90,332 shares during the period. Institutional investors own 6.91% of the company’s stock.

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Ferrellgas Partners, L.P. (FGP) opened at 5.31 on Thursday. The company’s 50-day moving average is $4.74 and its 200-day moving average is $5.35. Ferrellgas Partners, L.P. has a 52-week low of $4.22 and a 52-week high of $18.70. The firm’s market capitalization is $515.88 million.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, September 7th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 7.53%. The ex-dividend date is Wednesday, September 6th. Ferrellgas Partners, L.P.’s dividend payout ratio is currently -6.01%.

A number of research analysts recently issued reports on FGP shares. BidaskClub upgraded shares of Ferrellgas Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Zacks Investment Research downgraded shares of Ferrellgas Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. ValuEngine upgraded shares of Ferrellgas Partners, L.P. from a “strong sell” rating to a “sell” rating in a research report on Friday, July 7th. Finally, UBS AG restated a “sell” rating and set a $5.00 target price (down from $5.50) on shares of Ferrellgas Partners, L.P. in a research report on Monday, June 12th. Six research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $8.67.

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.

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

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