JPMorgan Chase & Co. Cuts Stock Position in FutureFuel Corp. (NYSE:FF)

JPMorgan Chase & Co. lessened its position in FutureFuel Corp. (NYSE:FF) by 80.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,938 shares of the energy company’s stock after selling 48,929 shares during the quarter. JPMorgan Chase & Co.’s holdings in FutureFuel were worth $69,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Barclays PLC lifted its position in FutureFuel by 286.3% during the 3rd quarter. Barclays PLC now owns 34,241 shares of the energy company’s stock worth $197,000 after acquiring an additional 25,377 shares during the period. Geode Capital Management LLC lifted its position in FutureFuel by 19.1% during the 3rd quarter. Geode Capital Management LLC now owns 800,995 shares of the energy company’s stock worth $4,607,000 after acquiring an additional 128,655 shares during the period. XTX Topco Ltd purchased a new position in shares of FutureFuel during the 3rd quarter worth approximately $82,000. Jane Street Group LLC lifted its holdings in shares of FutureFuel by 101.4% in the 3rd quarter. Jane Street Group LLC now owns 36,370 shares of the energy company’s stock valued at $209,000 after buying an additional 18,307 shares during the period. Finally, State Street Corp lifted its holdings in shares of FutureFuel by 1.0% in the 3rd quarter. State Street Corp now owns 604,423 shares of the energy company’s stock valued at $3,475,000 after buying an additional 5,947 shares during the period. Hedge funds and other institutional investors own 44.56% of the company’s stock.

Insider Activity at FutureFuel

In other news, CEO Roeland Polet purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was bought at an average price of $5.11 per share, with a total value of $51,100.00. Following the acquisition, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $51,100. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 41.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded FutureFuel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th.

FutureFuel Price Performance

FutureFuel stock opened at $4.93 on Tuesday. The company has a market capitalization of $215.52 million, a price-to-earnings ratio of 6.01 and a beta of 0.55. FutureFuel Corp. has a one year low of $4.15 and a one year high of $8.36. The company’s fifty day moving average price is $5.27 and its two-hundred day moving average price is $5.57.

FutureFuel (NYSE:FF) last issued its quarterly earnings results on Friday, November 8th. The energy company reported ($0.03) earnings per share (EPS) for the quarter. FutureFuel had a net margin of 13.18% and a return on equity of 15.32%. The business had revenue of $51.14 million during the quarter.

FutureFuel Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Tuesday, March 4th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend is Tuesday, March 4th. FutureFuel’s dividend payout ratio is currently 29.27%.

FutureFuel Company Profile

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.