Hartree Partners LP Buys Shares of 260,000 FutureFuel Corp. $FF

Key Points

• Hartree Partners LP invested approximately $1.01 million in FutureFuel Corp., acquiring 260,000 shares, which represents about 0.59% ownership of the company.
• FutureFuel recently faced a downgrade from a "hold" to a "sell" rating by Wall Street Zen.
• Despite this, FutureFuel's stock price increased by 4.2% and its market capitalization stands at $169.29 million, alongside a reported earnings per share of ($0.24) for the latest quarter.

Hartree Partners LP purchased a new stake in shares of FutureFuel Corp. (NYSE:FF - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 260,000 shares of the energy company's stock, valued at approximately $1,014,000. Hartree Partners LP owned about 0.59% of FutureFuel at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cerity Partners LLC raised its position in FutureFuel by 15.9% during the 1st quarter. Cerity Partners LLC now owns 22,391 shares of the energy company's stock valued at $87,000 after purchasing an additional 3,076 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of FutureFuel by 25.9% in the 4th quarter. Wells Fargo & Company MN now owns 16,225 shares of the energy company's stock worth $86,000 after acquiring an additional 3,337 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of FutureFuel by 7.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 60,651 shares of the energy company's stock worth $237,000 after acquiring an additional 4,119 shares in the last quarter. Barclays PLC raised its position in shares of FutureFuel by 14.7% in the 4th quarter. Barclays PLC now owns 39,288 shares of the energy company's stock worth $208,000 after acquiring an additional 5,047 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of FutureFuel by 35.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 28,450 shares of the energy company's stock worth $151,000 after acquiring an additional 7,409 shares in the last quarter. Institutional investors own 44.56% of the company's stock.

FutureFuel Stock Performance

Shares of FutureFuel stock traded up $0.04 during midday trading on Wednesday, hitting $3.95. The company had a trading volume of 293,291 shares, compared to its average volume of 276,283. The stock has a market capitalization of $172.80 million, a P/E ratio of -6.47 and a beta of 0.57. The company has a 50 day moving average of $3.98 and a 200 day moving average of $4.12. FutureFuel Corp. has a 52-week low of $3.58 and a 52-week high of $6.40.

FutureFuel (NYSE:FF - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The energy company reported ($0.24) earnings per share for the quarter. The company had revenue of $35.67 million during the quarter. FutureFuel had a negative return on equity of 13.47% and a negative net margin of 15.95%.

FutureFuel Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, June 18th. Shareholders of record on Thursday, June 5th were paid a dividend of $0.06 per share. This represents a yield of 608.0%. The ex-dividend date was Wednesday, June 4th. FutureFuel's dividend payout ratio (DPR) is currently -39.34%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered FutureFuel from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd.

About FutureFuel

FutureFuel Corp., together with its subsidiaries, manufactures and sells diversified chemical, bio-based fuel, and bio-based specialty chemical products in the United States. The company operates through two segments, Chemicals and Biofuels. The Chemicals segment provides various custom chemicals that are used in the coatings, chemical intermediates, industrial and consumer cleaning, oil and gas, and specialty polymers industries; and performance chemicals, such as polymer modifiers, glycerin products, and various specialty chemicals and solvents.