FutureFuel (NYSE:FF) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Shares of FutureFuel Corp. (NYSE:FF) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.90 and traded as high as $4.18. FutureFuel shares last traded at $4.1450, with a volume of 224,068 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FF shares. Weiss Ratings restated a “sell (d)” rating on shares of FutureFuel in a research note on Tuesday, April 21st. Wall Street Zen raised FutureFuel from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, FutureFuel has a consensus rating of “Sell”.

FutureFuel Trading Up 2.8%

The firm has a market capitalization of $185.31 million, a P/E ratio of -3.55 and a beta of 0.82. The business’s 50 day simple moving average is $4.30 and its two-hundred day simple moving average is $3.91.

FutureFuel (NYSE:FF) last issued its earnings results on Monday, May 11th. The energy company reported ($0.47) earnings per share (EPS) for the quarter. The firm had revenue of $31.95 million during the quarter. FutureFuel had a negative return on equity of 32.51% and a negative net margin of 47.51%.

FutureFuel Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.04 annualized dividend and a yield of 0.9%. FutureFuel’s dividend payout ratio is -3.36%.

Insider Buying and Selling

In other FutureFuel news, CEO Roeland Polet bought 10,000 shares of FutureFuel stock in a transaction on Thursday, June 4th. The stock was acquired at an average price of $4.28 per share, with a total value of $42,800.00. Following the acquisition, the chief executive officer owned 35,000 shares in the company, valued at approximately $149,800. This trade represents a 40.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 42.40% of the company’s stock.

Institutional Investors Weigh In On FutureFuel

Several institutional investors have recently modified their holdings of FF. State Street Corp raised its position in FutureFuel by 0.5% in the 4th quarter. State Street Corp now owns 620,530 shares of the energy company’s stock worth $1,979,000 after buying an additional 3,154 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of FutureFuel by 4.1% during the 2nd quarter. First Trust Advisors LP now owns 84,844 shares of the energy company’s stock valued at $329,000 after acquiring an additional 3,328 shares during the last quarter. Barclays PLC grew its stake in shares of FutureFuel by 10.8% in the fourth quarter. Barclays PLC now owns 39,231 shares of the energy company’s stock worth $125,000 after acquiring an additional 3,815 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of FutureFuel by 50.6% in the third quarter. PNC Financial Services Group Inc. now owns 15,043 shares of the energy company’s stock worth $58,000 after acquiring an additional 5,053 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of FutureFuel by 226.0% during the third quarter. BNP Paribas Financial Markets now owns 9,038 shares of the energy company’s stock valued at $35,000 after purchasing an additional 6,266 shares during the last quarter. 44.56% of the stock is owned by hedge funds and other institutional investors.

About FutureFuel

FutureFuel Corporation (NYSE: FF) operates as a specialty chemicals and biofuels producer, combining industrial chemistry with renewable energy solutions. Through its wholly owned subsidiary, FutureFuel Chemical Company, it manufactures a diverse portfolio of chemical products that serve fiber and textile applications, agricultural markets, water treatment processes and industrial coatings. In parallel, the company produces biodiesel using vegetable oils and animal fats as feedstocks, supplying both wholesale fuel distributors and commercial users seeking lower-carbon fuel alternatives.

The company’s manufacturing hub is located in Decatur, Arkansas, on a site originally constructed as an ordnance plant during World War II.