Star Group, L.P. (NYSE:SGU - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.12 and traded as high as $13.45. Star Group shares last traded at $13.02, with a volume of 33,896 shares.
Analyst Ratings Changes
Separately, StockNews.com upgraded 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 Report on Star Group
Star Group Trading Up 0.9 %
The business has a 50 day simple moving average of $12.96 and a 200 day simple moving average of $12.16. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.83 and a quick ratio of 0.66. The company has a market cap of $446.92 million, a price-to-earnings ratio of 12.43 and a beta of 0.35.
Star Group (NYSE:SGU - Get Free Report) last issued 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 net margin of 3.19% and a return on equity of 18.47%.
Star Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, January 27th were issued a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date was Monday, January 27th. Star Group's dividend payout ratio is currently 66.35%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of SGU. JPMorgan Chase & Co. raised its position in shares of Star Group by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 622,573 shares of the pipeline company's stock worth $7,309,000 after acquiring an additional 66,806 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in Star Group during the 4th quarter worth about $144,000. Roxbury Financial LLC acquired a new position in Star Group during the 4th quarter valued at about $122,000. Jones Financial Companies Lllp bought a new position in shares of Star Group in the 4th quarter valued at about $27,000. Finally, State of Tennessee Department of Treasury acquired a new stake in shares of Star Group during the 4th quarter worth approximately $26,000. Institutional investors and hedge funds 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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