Star Group, L.P. (NYSE:SGU - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.19 and traded as high as $13.12. Star Group shares last traded at $12.91, with a volume of 23,041 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Star Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 7th.
Check Out Our Latest Stock Analysis on SGU
Star Group Stock Up 0.2 %
The business has a 50-day moving average of $13.05 and a 200-day moving average of $12.21. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.66 and a current ratio of 0.83. The stock has a market capitalization of $444.95 million, a price-to-earnings ratio of 12.38 and a beta of 0.35.
Star Group (NYSE:SGU - Get Free Report) last released its earnings results on Wednesday, February 5th. The pipeline company reported $0.79 EPS for the quarter. Star Group had a return on equity of 18.47% and a net margin of 3.19%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of SGU. JPMorgan Chase & Co. lifted its stake in Star Group by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 622,573 shares of the pipeline company's stock valued at $7,309,000 after buying an additional 66,806 shares during the period. Cary Street Partners Financial LLC acquired a new stake in Star Group in the fourth quarter worth $144,000. Roxbury Financial LLC bought a new stake in Star Group in the fourth quarter valued at $122,000. Jones Financial Companies Lllp acquired a new position in shares of Star Group during the fourth quarter valued at about $27,000. Finally, State of Tennessee Department of Treasury acquired a new stake in shares of Star Group in the 4th quarter valued at about $26,000. 40.36% of the stock is 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.
Further Reading
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