Suburban Propane Partners, L.P. (NYSE:SPH) Stake Lowered by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its stake in Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) by 95.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,117 shares of the energy company's stock after selling 85,000 shares during the period. BNP Paribas Financial Markets' holdings in Suburban Propane Partners were worth $71,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Wingate Wealth Advisors Inc. bought a new position in shares of Suburban Propane Partners in the fourth quarter valued at $31,000. Vision Financial Markets LLC bought a new position in shares of Suburban Propane Partners in the fourth quarter valued at $34,000. Duncker Streett & Co. Inc. acquired a new stake in Suburban Propane Partners during the 4th quarter valued at $34,000. Tandem Financial LLC acquired a new stake in Suburban Propane Partners during the 4th quarter valued at $39,000. Finally, Independence Bank of Kentucky acquired a new stake in Suburban Propane Partners during the 4th quarter valued at $52,000. Institutional investors own 30.94% of the company's stock.

Suburban Propane Partners Stock Down 4.3%

NYSE:SPH traded down $0.82 during trading hours on Wednesday, hitting $18.31. 158,299 shares of the stock traded hands, compared to its average volume of 194,178. The firm has a 50 day moving average price of $19.87 and a 200 day moving average price 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 fifty-two week low of $15.20 and a fifty-two week high of $22.24. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 17.27 and a beta of 0.18.

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

Suburban Propane Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 7.10%. The ex-dividend date of this dividend was Tuesday, May 6th. Suburban Propane Partners's dividend payout ratio (DPR) is currently 90.28%.

Insider Buying and Selling at Suburban Propane Partners

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