Star Group, L.P. (NYSE:SGU - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.09 and traded as high as $11.89. Star Group shares last traded at $11.84, with a volume of 10,501 shares traded.
Star Group Stock Performance
The company has a current ratio of 0.74, a quick ratio of 0.61 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $11.59 and a two-hundred day moving average price of $11.09. The stock has a market capitalization of $410.37 million, a P/E ratio of 11.61 and a beta of 0.42.
Star Group (NYSE:SGU - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The pipeline company reported ($0.31) earnings per share (EPS) for the quarter. The business had revenue of $331.64 million for the quarter. Star Group had a return on equity of 17.25% and a net margin of 2.82%.
Star Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a dividend yield of 5.83%. The ex-dividend date of this dividend was Monday, July 29th. Star Group's dividend payout ratio (DPR) is 67.65%.
Institutional Trading of Star Group
Several large investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its position in shares of Star Group by 0.3% during the 2nd quarter. Renaissance Technologies LLC now owns 998,445 shares of the pipeline company's stock worth $10,623,000 after buying an additional 2,800 shares during the period. Blackstone Inc. grew its position in Star Group by 36.5% in the 1st quarter. Blackstone Inc. now owns 116,684 shares of the pipeline company's stock valued at $1,169,000 after purchasing an additional 31,200 shares during the period. Acadian Asset Management LLC acquired a new stake in Star Group in the 2nd quarter valued at $232,000. Cove Street Capital LLC grew its position in Star Group by 15.6% in the 2nd quarter. Cove Street Capital LLC now owns 18,500 shares of the pipeline company's stock valued at $197,000 after purchasing an additional 2,500 shares during the period. Finally, American Century Companies Inc. acquired a new stake in Star Group in the 2nd quarter valued at $124,000. Institutional investors and hedge funds own 40.36% of the company's stock.
Star Group Company Profile
(
Get Free Report)
Star Group, L.P., together with its subsidiaries, provides home heating oil and propane products and services to residential and commercial customers in the United States. It offers gasoline and diesel fuel; and installs, maintain, and repairs heating and air conditioning equipment. As of September 30, 2023, the company served approximately 402,200 full service residential and commercial home heating oil and propane customers and 52,400 customers on a delivery only basis.
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