FutureFuel (NYSE:FF) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of FutureFuel Corp. (NYSE:FF) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.78 and traded as high as $4.22. FutureFuel shares last traded at $4.1690, with a volume of 220,537 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FF shares. Weiss Ratings reissued a “sell (d)” rating on shares of FutureFuel in a research note on Tuesday, April 21st. Wall Street Zen raised FutureFuel from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

FutureFuel Trading Up 0.7%

The firm has a market capitalization of $182.85 million, a PE ratio of -3.50 and a beta of 0.83. The firm has a 50-day moving average of $4.17 and a two-hundred day moving average of $3.78.

FutureFuel (NYSE:FF) last issued its earnings results on Monday, May 11th. The energy company reported ($0.47) earnings per share for the quarter. The firm had revenue of $31.95 million during the quarter. FutureFuel had a negative return on equity of 32.51% and a negative net margin of 47.51%.

FutureFuel Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, June 4th. FutureFuel’s dividend payout ratio (DPR) is -20.17%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Gate City Capital Management LLC raised its position in shares of FutureFuel by 37.3% in the 4th quarter. Gate City Capital Management LLC now owns 1,104,149 shares of the energy company’s stock worth $3,522,000 after buying an additional 299,924 shares during the period. Geode Capital Management LLC raised its position in shares of FutureFuel by 10.7% in the 2nd quarter. Geode Capital Management LLC now owns 958,499 shares of the energy company’s stock worth $3,720,000 after buying an additional 92,481 shares during the period. State Street Corp raised its position in shares of FutureFuel by 0.5% in the 4th quarter. State Street Corp now owns 620,530 shares of the energy company’s stock worth $1,979,000 after buying an additional 3,154 shares during the period. Bridgeway Capital Management LLC raised its position in shares of FutureFuel by 8.1% in the 3rd quarter. Bridgeway Capital Management LLC now owns 467,991 shares of the energy company’s stock worth $1,816,000 after buying an additional 34,994 shares during the period. Finally, Millennium Management LLC raised its position in shares of FutureFuel by 4.4% in the 3rd quarter. Millennium Management LLC now owns 417,329 shares of the energy company’s stock worth $1,619,000 after buying an additional 17,546 shares during the period. 44.56% of the stock is owned by hedge funds and other institutional investors.

About FutureFuel

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.