Insider Buying: Ferrellgas Partners, L.P. (FGP) VP Purchases 6,000 Shares of Stock

Ferrellgas Partners, L.P. (NYSE:FGP) VP Trenton D. Hampton bought 6,000 shares of Ferrellgas Partners, L.P. stock in a transaction that occurred on Monday, October 16th. The stock was bought at an average price of $4.98 per share, with a total value of $29,880.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Ferrellgas Partners, L.P. (FGP) opened at 4.65 on Friday. Ferrellgas Partners, L.P. has a one year low of $4.22 and a one year high of $9.95. The stock’s 50 day moving average price is $5.08 and its 200 day moving average price is $5.12. The company’s market cap is $451.76 million.

Ferrellgas Partners, L.P. (NYSE:FGP) last issued its quarterly earnings results on Thursday, September 28th. The oil and gas company reported ($0.57) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by ($0.09). The firm had revenue of $433.38 million during the quarter, compared to the consensus estimate of $431.74 million. During the same quarter last year, the firm posted ($6.68) EPS. The business’s revenue was up 5.8% on a year-over-year basis. Equities analysts predict that Ferrellgas Partners, L.P. will post $0.20 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley increased its stake in shares of Ferrellgas Partners, L.P. by 13.2% in the 1st quarter. Morgan Stanley now owns 346,912 shares of the oil and gas company’s stock valued at $2,082,000 after purchasing an additional 40,533 shares during the last quarter. Virtu KCG Holdings LLC increased its stake in shares of Ferrellgas Partners, L.P. by 410.3% in the 2nd quarter. Virtu KCG Holdings LLC now owns 89,811 shares of the oil and gas company’s stock valued at $411,000 after purchasing an additional 72,211 shares during the last quarter. UBS Group AG increased its stake in shares of Ferrellgas Partners, L.P. by 50.7% in the 1st quarter. UBS Group AG now owns 719,179 shares of the oil and gas company’s stock valued at $4,315,000 after purchasing an additional 241,975 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Ferrellgas Partners, L.P. by 38.6% in the 1st quarter. Bank of America Corp DE now owns 170,559 shares of the oil and gas company’s stock valued at $1,024,000 after purchasing an additional 47,533 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Ferrellgas Partners, L.P. by 52.9% in the 1st quarter. Wells Fargo & Company MN now owns 211,506 shares of the oil and gas company’s stock valued at $1,268,000 after purchasing an additional 73,177 shares during the last quarter. Institutional investors own 6.96% of the company’s stock.

A number of brokerages have recently commented on FGP. Royal Bank Of Canada reiterated a “hold” rating and set a $6.00 price target on shares of Ferrellgas Partners, L.P. in a report on Wednesday, September 27th. Zacks Investment Research lowered Ferrellgas Partners, L.P. from a “buy” rating to a “hold” rating in a report on Friday, October 6th. BidaskClub upgraded Ferrellgas Partners, L.P. from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, ValuEngine upgraded Ferrellgas Partners, L.P. from a “strong sell” rating to a “sell” rating in a research note on Friday, July 7th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $8.18.

About Ferrellgas Partners, L.P.

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.

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