BNP Paribas Financial Markets Has $71,000 Holdings in Suburban Propane Partners, L.P. (NYSE:SPH)

BNP Paribas Financial Markets lowered its stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) by 95.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,117 shares of the energy company's stock after selling 85,000 shares during the quarter. BNP Paribas Financial Markets' holdings in Suburban Propane Partners were worth $71,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Suburban Propane Partners in the 4th quarter valued at about $24,340,000. Raymond James Financial Inc. acquired a new stake in shares of Suburban Propane Partners in the 4th quarter valued at approximately $3,474,000. JPMorgan Chase & Co. raised its position in shares of Suburban Propane Partners by 6.2% in the 4th quarter. JPMorgan Chase & Co. now owns 684,155 shares of the energy company's stock valued at $11,767,000 after acquiring an additional 40,239 shares during the period. Wealthstar Advisors LLC acquired a new stake in shares of Suburban Propane Partners in the 4th quarter valued at approximately $554,000. Finally, Lido Advisors LLC raised its position in shares of Suburban Propane Partners by 13.0% in the 4th quarter. Lido Advisors LLC now owns 169,837 shares of the energy company's stock valued at $2,921,000 after acquiring an additional 19,532 shares during the period. Institutional investors own 30.94% of the company's stock.

Suburban Propane Partners Trading Down 0.9%

Shares of NYSE:SPH traded down $0.16 during mid-day trading on Friday, reaching $18.30. The stock had a trading volume of 168,360 shares, compared to its average volume of 194,274. The firm has a market cap of $1.19 billion, a PE ratio of 17.27 and a beta of 0.17. The firm has a 50 day simple moving average of $19.70 and a two-hundred day simple moving average of $19.70. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 2.39. Suburban Propane Partners, L.P. has a twelve month low of $15.20 and a twelve month high of $22.24.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy company reported $2.10 earnings per share for the quarter, missing analysts' consensus estimates of $2.21 by ($0.11). The firm had revenue of $587.66 million during the quarter, compared to analyst estimates of $548.00 million. Suburban Propane Partners had a net margin of 5.18% and a return on equity of 11.81%.

Suburban Propane Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were given a $0.325 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 7.10%. Suburban Propane Partners's dividend payout ratio is 90.28%.

Insider Activity at Suburban Propane Partners

In other Suburban Propane Partners news, SVP Douglas Brinkworth sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $20.50, for a total transaction of $41,000.00. Following the sale, the senior vice president now directly owns 159,355 shares in the company, valued at approximately $3,266,777.50. This trade represents a 1.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Harold R. Logan, Jr. sold 6,900 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $19.14, for a total transaction of $132,066.00. Following the sale, the director now owns 39,227 shares in the company, valued at $750,804.78. This trade represents a 14.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

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.