California Public Employees Retirement System lowered its position in shares of Ferrellgas Partners, L.P. (NYSE:FGP) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 214,000 shares of the oil and gas company’s stock after selling 9,300 shares during the period. California Public Employees Retirement System owned 0.22% of Ferrellgas Partners, L.P. worth $1,284,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Arrow Investment Advisors LLC increased its position in Ferrellgas Partners, L.P. by 177.6% in the first quarter. Arrow Investment Advisors LLC now owns 141,195 shares of the oil and gas company’s stock worth $847,000 after buying an additional 90,332 shares during the period. Van ECK Associates Corp increased its position in Ferrellgas Partners, L.P. by 208.2% in the first quarter. Van ECK Associates Corp now owns 643,150 shares of the oil and gas company’s stock worth $3,859,000 after buying an additional 434,476 shares during the period. BB&T Securities LLC increased its position in Ferrellgas Partners, L.P. by 50.0% in the first quarter. BB&T Securities LLC now owns 152,732 shares of the oil and gas company’s stock worth $916,000 after buying an additional 50,923 shares during the period. Alliancebernstein L.P. increased its position in Ferrellgas Partners, L.P. by 40.6% in the first quarter. Alliancebernstein L.P. now owns 18,208 shares of the oil and gas company’s stock worth $109,000 after buying an additional 5,257 shares during the period. Finally, Texas Yale Capital Corp. increased its position in Ferrellgas Partners, L.P. by 2.1% in the first quarter. Texas Yale Capital Corp. now owns 184,498 shares of the oil and gas company’s stock worth $1,107,000 after buying an additional 3,831 shares during the period. 7.03% of the stock is owned by institutional investors and hedge funds.

Shares of Ferrellgas Partners, L.P. (NYSE:FGP) opened at 4.59 on Tuesday. The company’s market capitalization is $445.93 million. Ferrellgas Partners, L.P. has a 12 month low of $4.22 and a 12 month high of $20.55. The company has a 50-day moving average of $4.68 and a 200 day moving average of $5.86.

Ferrellgas Partners, L.P. (NYSE:FGP) last announced its quarterly earnings results on Friday, June 9th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.03. The business had revenue of $538.10 million for the quarter, compared to analysts’ expectations of $576.92 million. Ferrellgas Partners, L.P.’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. Analysts forecast that Ferrellgas Partners, L.P. will post ($0.47) EPS for the current year.

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A number of research analysts have commented on the stock. ValuEngine upgraded shares of Ferrellgas Partners, L.P. from a “strong sell” rating to a “sell” rating in a research note on Friday, July 7th. UBS AG reiterated a “sell” rating and set a $5.00 price objective (down from $5.50) on shares of Ferrellgas Partners, L.P. in a research note on Monday, June 12th. Finally, Zacks Investment Research upgraded shares of Ferrellgas Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Ferrellgas Partners, L.P. currently has a consensus rating of “Hold” and a consensus price target of $10.56.

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.

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

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