Star Group, L.P. (NYSE:SGU - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.48 and traded as high as $11.81. Star Group shares last traded at $11.60, with a volume of 17,794 shares traded.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Star Group from a "strong-buy" rating to a "buy" rating in a report on Friday, December 6th.
Read Our Latest Research Report on SGU
Star Group Price Performance
The company's 50 day moving average is $11.88 and its 200 day moving average is $11.48. The stock has a market cap of $396.61 million, a price-to-earnings ratio of 19.98 and a beta of 0.46. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.75 and a quick ratio of 0.64.
Star Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Monday, October 28th were issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 6.02%. The ex-dividend date was Monday, October 28th. Star Group's dividend payout ratio (DPR) is 121.05%.
Hedge Funds Weigh In On Star Group
Several hedge funds have recently added to or reduced their stakes in SGU. American Century Companies Inc. acquired a new position in shares of Star Group during the 2nd quarter worth approximately $124,000. Acadian Asset Management LLC purchased a new stake in Star Group during the 2nd quarter worth about $232,000. GSA Capital Partners LLP lifted its holdings in Star Group by 89.4% in the 3rd quarter. GSA Capital Partners LLP now owns 22,884 shares of the pipeline company's stock valued at $269,000 after purchasing an additional 10,799 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Star Group during the 3rd quarter worth about $566,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Star Group by 0.3% during the second 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 in the last quarter. 40.36% of the stock is currently owned by hedge funds and other institutional investors.
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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