BlackRock Inc. bought a new stake in shares of FutureFuel Corp. (NYSE:FF - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,914,410 shares of the energy company's stock, valued at approximately $8,653,000. BlackRock Inc. owned about 4.36% of FutureFuel at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Empowered Funds LLC raised its position in shares of FutureFuel by 7.4% during the first quarter. Empowered Funds LLC now owns 250,502 shares of the energy company's stock valued at $977,000 after buying an additional 17,192 shares during the last quarter. Jane Street Group LLC increased its stake in FutureFuel by 447.4% during the first quarter. Jane Street Group LLC now owns 61,481 shares of the energy company's stock valued at $240,000 after acquiring an additional 50,249 shares during the period. Geode Capital Management LLC increased its stake in FutureFuel by 10.7% during the second quarter. Geode Capital Management LLC now owns 958,499 shares of the energy company's stock valued at $3,720,000 after acquiring an additional 92,481 shares during the period. First Trust Advisors LP raised its holdings in FutureFuel by 4.1% in the 2nd quarter. First Trust Advisors LP now owns 84,844 shares of the energy company's stock valued at $329,000 after acquiring an additional 3,328 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of FutureFuel by 56.3% in the 2nd quarter. Marshall Wace LLP now owns 96,306 shares of the energy company's stock worth $374,000 after acquiring an additional 34,688 shares during the period. 44.56% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts have recently weighed in on FF shares. Wall Street Zen raised FutureFuel from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Weiss Ratings cut FutureFuel from a "sell (d+)" rating to a "sell (d-)" rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of "Sell".
Read Our Latest Report on FF
FutureFuel Stock Performance
Shares of FutureFuel stock opened at $5.26 on Friday. FutureFuel Corp. has a 52 week low of $3.09 and a 52 week high of $6.99. The firm has a fifty day moving average of $5.06 and a two-hundred day moving average of $4.51. The stock has a market capitalization of $230.70 million, a price-to-earnings ratio of -7.51 and a beta of 0.83.
FutureFuel (NYSE:FF - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The energy company reported $0.25 EPS for the quarter. The business had revenue of $78.73 million during the quarter. FutureFuel had a negative return on equity of 19.75% and a negative net margin of 19.94%.
FutureFuel Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, December 4th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, December 4th. FutureFuel's dividend payout ratio is -5.71%.
FutureFuel Company Profile
(
Free Report)
FutureFuel Corporation NYSE: FF operates as a specialty chemicals and biofuels producer, combining industrial chemistry with renewable energy solutions. Through its wholly owned subsidiary, FutureFuel Chemical Company, it manufactures a diverse portfolio of chemical products that serve fiber and textile applications, agricultural markets, water treatment processes and industrial coatings. In parallel, the company produces biodiesel using vegetable oils and animal fats as feedstocks, supplying both wholesale fuel distributors and commercial users seeking lower-carbon fuel alternatives.
The company's manufacturing hub is located in Decatur, Arkansas, on a site originally constructed as an ordnance plant during World War II.
See Also
Want to see what other hedge funds are holding FF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FutureFuel Corp. (NYSE:FF - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider FutureFuel, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FutureFuel wasn't on the list.
While FutureFuel currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
