GSA Capital Partners LLP raised its holdings in Ferrellgas Partners, L.P. (NYSE:FGP) by 28.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 169,264 shares of the oil and gas company’s stock after purchasing an additional 37,864 shares during the quarter. GSA Capital Partners LLP owned 0.17% of Ferrellgas Partners, L.P. worth $775,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of FGP. KCG Holdings Inc. acquired a new stake in shares of Ferrellgas Partners, L.P. in the 1st quarter valued at $106,000. Alliancebernstein L.P. boosted its holdings in shares of Ferrellgas Partners, L.P. by 40.6% in the 1st 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 in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Ferrellgas Partners, L.P. in the 1st quarter valued at $166,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Ferrellgas Partners, L.P. by 2.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 89,372 shares of the oil and gas company’s stock valued at $409,000 after purchasing an additional 2,162 shares in the last quarter. Finally, Fort Point Capital Partners LLC boosted its holdings in shares of Ferrellgas Partners, L.P. by 195.8% in the 1st 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 in the last quarter. 6.91% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://www.watchlistnews.com/ferrellgas-partners-l-p-fgp-shares-bought-by-gsa-capital-partners-llp/1609545.html.

A number of equities research analysts have weighed in on FGP shares. BidaskClub raised Ferrellgas Partners, L.P. from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Royal Bank Of Canada reissued a “hold” rating and set a $6.00 price objective on shares of Ferrellgas Partners, L.P. in a report on Wednesday, September 27th. UBS AG reissued a “sell” rating and set a $5.00 price objective (down previously from $5.50) on shares of Ferrellgas Partners, L.P. in a report on Monday, June 12th. Zacks Investment Research downgraded Ferrellgas Partners, L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, ValuEngine raised Ferrellgas Partners, L.P. from a “strong sell” rating to a “sell” rating in a report on Friday, July 7th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $8.67.

Shares of Ferrellgas Partners, L.P. (NYSE:FGP) opened at 5.03 on Thursday. The firm’s market cap is $488.67 million. The company’s 50 day moving average price is $5.02 and its 200 day moving average price is $5.24. Ferrellgas Partners, L.P. has a 12-month low of $4.22 and a 12-month high of $11.20.

Ferrellgas Partners, L.P. (NYSE:FGP) last released its earnings results on Thursday, September 28th. The oil and gas company reported ($0.57) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.48) by ($0.09). The company had revenue of $433.38 million during the quarter, compared to analyst estimates of $431.74 million. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($6.68) earnings per share. Equities research analysts forecast that Ferrellgas Partners, L.P. will post $0.14 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, September 7th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $0.40 dividend on an annualized basis and a yield of 7.95%. Ferrellgas Partners, L.P.’s dividend payout ratio is presently -72.73%.

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)

Receive News & Ratings for Ferrellgas Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferrellgas Partners L.P. and related companies with Analyst Ratings Network's FREE daily email newsletter.