Shares of Star Group, L.P. (NYSE:SGU - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.81 and traded as high as $13.01. Star Group shares last traded at $12.89, with a volume of 38,194 shares traded.
Analyst Upgrades and Downgrades
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.
View Our Latest Analysis on Star Group
Star Group Stock Performance
The company has a market capitalization of $450.24 million, a PE ratio of 12.52 and a beta of 0.48. The firm's 50-day simple moving average is $12.00 and its 200-day simple moving average is $11.84. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.63.
Star Group (NYSE:SGU - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The pipeline company reported $0.79 earnings per share (EPS) for the quarter. Star Group had a return on equity of 18.47% and a net margin of 3.19%.
Star Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, January 27th were given a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date was Monday, January 27th. Star Group's payout ratio is 66.35%.
Institutional Trading of Star Group
Several institutional investors and hedge funds have recently made changes to their positions in the company. Cary Street Partners Financial LLC bought a new position in Star Group during the 4th quarter worth about $144,000. MGO One Seven LLC increased its holdings in Star Group by 7.9% during the fourth quarter. MGO One Seven LLC now owns 17,193 shares of the pipeline company's stock valued at $198,000 after buying an additional 1,255 shares during the period. State of Tennessee Department of Treasury bought a new position in Star Group in the fourth quarter worth approximately $26,000. LPL Financial LLC lifted its holdings in Star Group by 7.7% during the fourth quarter. LPL Financial LLC now owns 17,932 shares of the pipeline company's stock worth $207,000 after buying an additional 1,276 shares during the period. Finally, Jones Financial Companies Lllp bought a new stake in Star Group during the 4th quarter valued at $27,000. 40.36% of the stock is currently owned by institutional investors.
About Star Group
(
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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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