Lido Advisors LLC Purchases 19,532 Shares of Suburban Propane Partners, L.P. (NYSE:SPH)

Lido Advisors LLC raised its holdings in shares of Suburban Propane Partners, L.P. (NYSE:SPH - Free Report) by 13.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 169,837 shares of the energy company's stock after buying an additional 19,532 shares during the quarter. Lido Advisors LLC owned about 0.26% of Suburban Propane Partners worth $2,921,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SPH. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Suburban Propane Partners in the fourth quarter worth $24,340,000. JPMorgan Chase & Co. increased its position in shares of Suburban Propane Partners by 6.2% during the 4th quarter. JPMorgan Chase & Co. now owns 684,155 shares of the energy company's stock valued at $11,767,000 after purchasing an additional 40,239 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Suburban Propane Partners during the 4th quarter valued at about $3,474,000. Levin Capital Strategies L.P. lifted its position in Suburban Propane Partners by 10.3% in the 4th quarter. Levin Capital Strategies L.P. now owns 194,186 shares of the energy company's stock worth $3,340,000 after buying an additional 18,196 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in Suburban Propane Partners by 14.7% in the fourth quarter. LPL Financial LLC now owns 127,409 shares of the energy company's stock worth $2,191,000 after buying an additional 16,368 shares in the last quarter. 30.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Suburban Propane Partners

In related news, VP Michael A. Schueler sold 7,746 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $20.93, for a total transaction of $162,123.78. Following the completion of the transaction, the vice president now owns 11,133 shares in the company, valued at $233,013.69. This represents a 41.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Douglas Brinkworth sold 2,000 shares of Suburban Propane Partners 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 completion of the sale, the senior vice president now 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 disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

Suburban Propane Partners Price Performance

Shares of SPH stock traded down $0.05 during trading hours on Monday, hitting $20.44. 119,307 shares of the company's stock were exchanged, compared to its average volume of 198,730. The company has a market capitalization of $1.32 billion, a PE ratio of 19.22 and a beta of 0.22. 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 12-month low of $15.20 and a 12-month high of $22.24. The business's 50 day simple moving average is $20.48 and its 200-day simple moving average is $19.60.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The energy company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.46). Suburban Propane Partners had a return on equity of 11.81% and a net margin of 5.18%. During the same quarter in the prior year, the company earned $0.38 earnings per share.

Suburban Propane Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th will be paid a $0.325 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $1.30 dividend on an annualized basis and a yield of 6.36%. Suburban Propane Partners's dividend payout ratio (DPR) is currently 122.64%.

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.