Suburban Propane Partners, L.P. (NYSE:SPH) SVP Douglas Brinkworth Sells 2,000 Shares

Suburban Propane Partners, L.P. (NYSE:SPH - Get Free Report) SVP Douglas Brinkworth sold 2,000 shares of Suburban Propane Partners stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $20.50, for a total transaction of $41,000.00. Following the sale, the senior vice president now directly owns 159,355 shares in the company, valued at $3,266,777.50. The trade was a 1.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Suburban Propane Partners Stock Up 1.9 %

NYSE:SPH traded up $0.38 during mid-day trading on Monday, hitting $20.78. 176,691 shares of the company's stock were exchanged, compared to its average volume of 185,381. Suburban Propane Partners, L.P. has a one year low of $15.20 and a one year high of $22.24. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.70 and a quick ratio of 0.51. The business has a fifty day moving average price of $20.36 and a 200 day moving average price of $18.96. The company has a market cap of $1.34 billion, a PE ratio of 19.60 and a beta of 0.46.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The energy company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.46). Suburban Propane Partners had a net margin of 5.18% and a return on equity of 11.81%. During the same quarter in the previous year, the firm earned $0.38 EPS.

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Suburban Propane Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were paid a $0.325 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.26%. Suburban Propane Partners's dividend payout ratio (DPR) is presently 122.64%.

Institutional Trading of Suburban Propane Partners

Hedge funds and other institutional investors have recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Suburban Propane Partners during the fourth quarter worth $24,340,000. JPMorgan Chase & Co. boosted its position in shares of Suburban Propane Partners by 31.8% during the third quarter. JPMorgan Chase & Co. now owns 643,916 shares of the energy company's stock worth $11,552,000 after acquiring an additional 155,360 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Suburban Propane Partners by 7.9% during the third quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company's stock worth $197,000 after acquiring an additional 800 shares during the last quarter. Levin Capital Strategies L.P. boosted its position in shares of Suburban Propane Partners by 10.3% during the fourth quarter. Levin Capital Strategies L.P. now owns 194,186 shares of the energy company's stock worth $3,340,000 after acquiring an additional 18,196 shares during the last quarter. Finally, Wealthstar Advisors LLC bought a new position in shares of Suburban Propane Partners during the fourth quarter worth $554,000. 30.94% of the stock is owned by hedge funds and other institutional investors.

Suburban Propane Partners Company Profile

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.