FutureFuel (NYSE:FF) Stock Price Crosses Above 200 Day Moving Average of $6.34

FutureFuel Corp. (NYSE:FF)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.34 and traded as high as $8.11. FutureFuel shares last traded at $8.07, with a volume of 436,781 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of FutureFuel from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th.

FutureFuel Price Performance

The stock has a market capitalization of $352.92 million, a P/E ratio of 9.60 and a beta of 0.76. The stock’s fifty day moving average is $6.16 and its 200-day moving average is $6.34.

FutureFuel (NYSE:FF) last released its quarterly earnings results on Thursday, March 14th. The energy company reported $0.53 earnings per share (EPS) for the quarter. FutureFuel had a net margin of 10.15% and a return on equity of 12.41%. The company had revenue of $92.01 million during the quarter.

FutureFuel Cuts Dividend

The business also recently disclosed a None dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Tuesday, March 26th will be given a dividend of $2.50 per share. The ex-dividend date is Wednesday, April 10th. FutureFuel’s dividend payout ratio is currently 28.57%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its stake in shares of FutureFuel by 821.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,029 shares of the energy company’s stock valued at $37,000 after purchasing an additional 5,375 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of FutureFuel in the 3rd quarter valued at $55,000. Lazard Asset Management LLC bought a new stake in FutureFuel in the 1st quarter valued at $95,000. Laurion Capital Management LP bought a new stake in FutureFuel in the 3rd quarter valued at $74,000. Finally, Wolverine Trading LLC bought a new stake in FutureFuel in the 3rd quarter valued at $75,000. Institutional investors and hedge funds own 44.56% of the company’s stock.

FutureFuel Company Profile

FutureFuel Corp., through its subsidiary, FutureFuel Chemical Company, 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.