Texas Yale Capital Corp. Sells 86,155 Shares of Ferrellgas Partners, L.P. (NYSE:FGP)

Texas Yale Capital Corp. decreased its holdings in shares of Ferrellgas Partners, L.P. (NYSE:FGP) by 50.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,155 shares of the oil and gas company’s stock after selling 86,155 shares during the period. Texas Yale Capital Corp. owned 0.09% of Ferrellgas Partners worth $82,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Camelot Portfolios LLC bought a new position in Ferrellgas Partners in the first quarter worth approximately $33,000. Barber Financial Group Inc. bought a new position in Ferrellgas Partners in the first quarter worth approximately $39,000. Regal Investment Advisors LLC bought a new position in Ferrellgas Partners in the first quarter worth approximately $32,000. Nicolet Advisory Services LLC bought a new position in Ferrellgas Partners in the first quarter worth approximately $39,000. Finally, Virtu Financial LLC boosted its holdings in Ferrellgas Partners by 610.5% in the first quarter. Virtu Financial LLC now owns 98,055 shares of the oil and gas company’s stock worth $129,000 after acquiring an additional 84,255 shares in the last quarter. Institutional investors own 4.29% of the company’s stock.

NYSE:FGP traded up $0.04 on Friday, hitting $0.67. The stock had a trading volume of 600 shares, compared to its average volume of 230,974. The company’s fifty day moving average price is $0.89. The company has a market cap of $70.57 million, a P/E ratio of -1.57 and a beta of 2.56. Ferrellgas Partners, L.P. has a 52 week low of $0.53 and a 52 week high of $3.61.

Ferrellgas Partners (NYSE:FGP) last announced its quarterly earnings results on Monday, June 10th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $479.63 million during the quarter. As a group, sell-side analysts predict that Ferrellgas Partners, L.P. will post -0.52 EPS for the current fiscal year.

Separately, ValuEngine upgraded Ferrellgas Partners from a “sell” rating to a “hold” rating in a report on Thursday, August 1st.

Ferrellgas Partners Company Profile

Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies. The company transports propane to propane distribution locations, tanks on customers' premises, or to portable propane tanks delivered to retailers. It conducts its portable tank exchange operations under the Blue Rhino brand name through a network of independent and partnership-owned distribution outlets.

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Institutional Ownership by Quarter for Ferrellgas Partners (NYSE:FGP)

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