Suburban Propane Partners, L.P. (NYSE:SPH) Shares Bought by LPL Financial LLC

LPL Financial LLC lifted its stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) by 14.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 127,409 shares of the energy company's stock after buying an additional 16,368 shares during the quarter. LPL Financial LLC owned 0.20% of Suburban Propane Partners worth $2,191,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Trust Company N.A purchased a new stake in shares of Suburban Propane Partners during the fourth quarter valued at approximately $28,000. Wingate Wealth Advisors Inc. acquired a new stake in Suburban Propane Partners during the 4th quarter valued at $31,000. Duncker Streett & Co. Inc. purchased a new stake in Suburban Propane Partners during the 4th quarter worth $34,000. Vision Financial Markets LLC acquired a new position in Suburban Propane Partners in the 4th quarter worth $34,000. Finally, Tandem Financial LLC purchased a new position in Suburban Propane Partners in the 4th quarter valued at about $39,000. 30.94% of the stock is owned by institutional investors and hedge funds.

Suburban Propane Partners Stock Down 0.4 %

Shares of Suburban Propane Partners stock traded down $0.08 during trading hours on Friday, hitting $20.71. 119,447 shares of the company's stock traded hands, compared to its average volume of 201,803. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 2.39. Suburban Propane Partners, L.P. has a twelve month low of $15.20 and a twelve month high of $22.24. The stock has a 50 day simple moving average of $20.73 and a 200-day simple moving average of $19.45. The company has a market cap of $1.34 billion, a PE ratio of 19.54 and a beta of 0.22.

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

Suburban Propane Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th were paid a dividend of $0.325 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.30 dividend on an annualized basis and a yield of 6.28%. Suburban Propane Partners's dividend payout ratio (DPR) is 122.64%.

Insiders Place Their Bets

In related news, SVP Douglas Brinkworth sold 2,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $20.50, for a total transaction of $41,000.00. Following the transaction, the senior vice president now directly owns 159,355 shares in the company, valued at $3,266,777.50. This trade represents a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Michael A. Schueler sold 7,746 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $20.93, for a total transaction of $162,123.78. Following the sale, the vice president now directly owns 11,133 shares in the company, valued at $233,013.69. This trade represents a 41.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

About Suburban Propane Partners

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.