Star Group, L.P. (NYSE:SGU - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.53 and traded as high as $11.64. Star Group shares last traded at $11.49, with a volume of 14,903 shares.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Star Group from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 6th.
Read Our Latest Stock Analysis on Star Group
Star Group Trading Down 1.4 %
The stock has a market cap of $389.69 million, a price-to-earnings ratio of 19.77 and a beta of 0.48. The company's fifty day moving average is $11.81 and its two-hundred day moving average is $11.53. The company has a quick ratio of 0.64, a current ratio of 0.75 and a debt-to-equity ratio of 0.71.
Star Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Monday, October 28th were given a dividend of $0.1725 per share. The ex-dividend date was Monday, October 28th. This represents a $0.69 annualized dividend and a dividend yield of 6.12%. Star Group's dividend payout ratio is currently 121.05%.
Institutional Trading of Star Group
Several institutional investors have recently modified their holdings of SGU. Renaissance Technologies LLC lifted its stake in Star Group by 0.3% in the second quarter. Renaissance Technologies LLC now owns 998,445 shares of the pipeline company's stock valued at $10,623,000 after buying an additional 2,800 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of 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 acquiring an additional 10,799 shares during the period. American Century Companies Inc. purchased a new stake in Star Group in the 2nd quarter valued at $124,000. Acadian Asset Management LLC acquired a new stake in Star Group during the 2nd quarter worth $232,000. Finally, Victory Capital Management Inc. purchased a new position in Star Group during the 3rd quarter worth $566,000. Hedge funds and other institutional investors own 40.36% of the company's stock.
About Star Group
(
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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