Geode Capital Management LLC Grows Stake in FutureFuel Corp. (NYSE:FF)

Geode Capital Management LLC increased its position in shares of FutureFuel Corp. (NYSE:FF - Free Report) by 19.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 800,995 shares of the energy company's stock after acquiring an additional 128,655 shares during the quarter. Geode Capital Management LLC owned approximately 1.83% of FutureFuel worth $4,607,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of FF. Barclays PLC raised its position in FutureFuel by 286.3% in the third quarter. Barclays PLC now owns 34,241 shares of the energy company's stock valued at $197,000 after purchasing an additional 25,377 shares during the period. XTX Topco Ltd purchased a new stake in FutureFuel in the 3rd quarter valued at about $82,000. Jane Street Group LLC raised its holdings in 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. State Street Corp lifted its position in FutureFuel by 1.0% in the third 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 last quarter. Finally, Quarry LP purchased a new position in FutureFuel during the third quarter worth about $47,000. Hedge funds and other institutional investors own 44.56% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of FutureFuel from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 19th.

FutureFuel Stock Performance

Shares of FF traded up $0.11 during midday trading on Monday, hitting $5.36. 252,505 shares of the stock were exchanged, compared to its average volume of 235,835. FutureFuel Corp. has a 52-week low of $4.15 and a 52-week high of $8.36. The stock has a fifty day simple moving average of $5.35 and a 200 day simple moving average of $5.53. The firm has a market cap of $234.55 million, a P/E ratio of 6.54 and a beta of 0.58.

FutureFuel Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Thursday, December 4th. FutureFuel's dividend payout ratio is currently 29.27%.

Insider Buying and Selling

In other news, CEO Roeland Polet acquired 10,000 shares of FutureFuel stock in a transaction dated Wednesday, November 13th. The shares were acquired at an average cost of $5.11 per share, for a total transaction of $51,100.00. Following the acquisition, the chief executive officer now owns 10,000 shares of the company's stock, valued at $51,100. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 41.10% of the stock is currently owned by insiders.

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.