Shares of Ferrellgas Partners, L.P. (NYSE:FGP) have received a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $3.50.

A number of equities research analysts have recently commented on the stock. ValuEngine upgraded shares of Ferrellgas Partners from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Zacks Investment Research upgraded shares of Ferrellgas Partners from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th.

Several large investors have recently bought and sold shares of the company. UBS Group AG grew its holdings in shares of Ferrellgas Partners by 100.9% during the first quarter. UBS Group AG now owns 908,284 shares of the oil and gas company’s stock valued at $2,834,000 after buying an additional 456,130 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of Ferrellgas Partners by 559.2% during the first quarter. GSA Capital Partners LLP now owns 247,802 shares of the oil and gas company’s stock valued at $773,000 after buying an additional 210,212 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Ferrellgas Partners by 8.8% during the second quarter. California Public Employees Retirement System now owns 232,890 shares of the oil and gas company’s stock valued at $783,000 after buying an additional 18,890 shares during the last quarter. Arrow Investment Advisors LLC purchased a new stake in shares of Ferrellgas Partners during the second quarter valued at approximately $516,000. Finally, Deutsche Bank AG grew its holdings in shares of Ferrellgas Partners by 82.5% during the fourth quarter. Deutsche Bank AG now owns 105,801 shares of the oil and gas company’s stock valued at $452,000 after buying an additional 47,826 shares during the last quarter. Hedge funds and other institutional investors own 5.50% of the company’s stock.

FGP traded down $0.06 during midday trading on Friday, reaching $2.84. The company’s stock had a trading volume of 29,477 shares, compared to its average volume of 286,923. The stock has a market cap of $271.05 million, a PE ratio of -5.25 and a beta of 0.60. The company has a debt-to-equity ratio of -2.46, a quick ratio of 0.81 and a current ratio of 1.08. Ferrellgas Partners has a 1 year low of $2.70 and a 1 year high of $5.75.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, September 7th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 14.08%. The ex-dividend date of this dividend is Thursday, September 6th. Ferrellgas Partners’s payout ratio is -72.73%.

Ferrellgas Partners Company Profile

Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies primarily in the United States. It operates in two segments, Propane Operations and Related Equipment Sales, and Midstream Operations. The company transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers.

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