Suburban Propane Partners, L.P. (NYSE:SPH) VP Michael A. Schueler Sells 7,746 Shares

Suburban Propane Partners, L.P. (NYSE:SPH - Get Free Report) VP Michael A. Schueler sold 7,746 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $20.93, for a total transaction of $162,123.78. Following the completion of the sale, the vice president now directly owns 11,133 shares in the company, valued at $233,013.69. This trade represents a 41.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Suburban Propane Partners Price Performance

NYSE:SPH traded up $0.14 during trading hours on Monday, reaching $21.60. 151,428 shares of the company traded hands, compared to its average volume of 344,915. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.51 and a quick ratio of 0.33. The firm's 50-day moving average is $19.14 and its 200-day moving average is $18.49. The stock has a market cap of $1.39 billion, a P/E ratio of 20.37 and a beta of 0.51. Suburban Propane Partners, L.P. has a 1-year low of $15.20 and a 1-year high of $21.89.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The energy company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.46). Suburban Propane Partners had a net margin of 5.18% and a return on equity of 11.54%. During the same period last year, the business posted $0.38 EPS.

Suburban Propane Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were issued a dividend of $0.325 per share. The ex-dividend date was Tuesday, February 4th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.02%. Suburban Propane Partners's dividend payout ratio (DPR) is presently 122.64%.

Hedge Funds Weigh In On Suburban Propane Partners

Institutional investors have recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Suburban Propane Partners during the 4th quarter worth $24,340,000. Raymond James Financial Inc. acquired a new position in Suburban Propane Partners in the fourth quarter valued at $3,474,000. JPMorgan Chase & Co. increased its stake in Suburban Propane Partners by 31.8% in the third quarter. JPMorgan Chase & Co. now owns 643,916 shares of the energy company's stock valued at $11,552,000 after purchasing an additional 155,360 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Suburban Propane Partners by 1.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,404,228 shares of the energy company's stock worth $58,553,000 after buying an additional 33,560 shares during the period. Finally, Wealthstar Advisors LLC acquired a new stake in Suburban Propane Partners in the 4th quarter worth about $554,000. Institutional investors and hedge funds own 30.94% of the company's stock.

Suburban Propane Partners Company Profile

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.