Ferrellgas Partners (NYSE:FGP) Shares Cross Above 50 Day Moving Average of $1.00
Ferrellgas Partners, L.P. (NYSE:FGP) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $1.00 and traded as high as $0.83. Ferrellgas Partners shares last traded at $0.78, with a volume of 12,675 shares changing hands.
Separately, ValuEngine raised shares of Zuora from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th.
The firm’s 50-day simple moving average is $0.99. The company has a market capitalization of $83.41 million, a PE ratio of -1.91 and a beta of 2.57.
Several hedge funds and other institutional investors have recently bought and sold shares of FGP. TAP Consulting LLC acquired a new stake in Ferrellgas Partners during the 1st quarter worth $30,000. WealthPLAN Partners LLC boosted its stake in Ferrellgas Partners by 69.7% during the 4th quarter. WealthPLAN Partners LLC now owns 24,330 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 9,991 shares during the period. Regal Investment Advisors LLC acquired a new stake in Ferrellgas Partners during the 1st quarter worth $32,000. Camelot Portfolios LLC acquired a new stake in Ferrellgas Partners during the 1st quarter worth $33,000. Finally, Prime Capital Investment Advisors LLC acquired a new stake in Ferrellgas Partners during the 1st quarter worth $36,000. 4.26% of the stock is currently owned by hedge funds and other institutional investors.
About Ferrellgas Partners (NYSE:FGP)
Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies. The company transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers. It conducts its portable tank exchange operations under the Blue Rhino brand name through a network of independent and partnership-owned distribution outlets.
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