Suburban Propane Partners (NYSE:SPH) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Suburban Propane Partners, L.P. (NYSE:SPH - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.67 and traded as high as $19.03. Suburban Propane Partners shares last traded at $18.78, with a volume of 122,715 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SPH. StockNews.com lowered Suburban Propane Partners from a "buy" rating to a "hold" rating in a research note on Tuesday, August 13th. Wells Fargo & Company downgraded Suburban Propane Partners from an "equal weight" rating to an "underweight" rating and set a $17.00 target price for the company. in a research report on Friday, August 30th.

Suburban Propane Partners Stock Performance

The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.45 and a current ratio of 0.65. The company has a market cap of $1.20 billion, a PE ratio of 12.52 and a beta of 0.43. The business's 50-day moving average is $18.08 and its 200 day moving average is $18.67.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The energy company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.10). The company had revenue of $254.61 million during the quarter. Suburban Propane Partners had a return on equity of 16.69% and a net margin of 7.28%.

Suburban Propane Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th will be paid a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date of this dividend is Tuesday, November 5th. Suburban Propane Partners's dividend payout ratio (DPR) is presently 86.67%.

Insider Transactions at Suburban Propane Partners

In related news, Director Harold R. Logan, Jr. sold 2,500 shares of the company's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $17.37, for a total transaction of $43,425.00. Following the completion of the sale, the director now directly owns 37,015 shares in the company, valued at $642,950.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. CWM LLC grew its position in shares of Suburban Propane Partners by 52.1% in the 2nd quarter. CWM LLC now owns 2,144 shares of the energy company's stock worth $41,000 after buying an additional 734 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Suburban Propane Partners by 64.5% in the first quarter. Geneos Wealth Management Inc. now owns 2,550 shares of the energy company's stock valued at $52,000 after acquiring an additional 1,000 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Suburban Propane Partners during the 2nd quarter valued at $193,000. Biechele Royce Advisors bought a new position in Suburban Propane Partners in the 2nd quarter worth $211,000. Finally, LRI Investments LLC purchased a new stake in shares of Suburban Propane Partners in the 1st quarter worth about $255,000. Hedge funds and other institutional investors own 30.94% of the company's stock.

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.