Star Group (NYSE:SGU) Stock Breaks Above 200 Day Moving Average - Time to Sell?

Key Points

• Star Group shares moved above their 200-day moving average, reaching $13.01 before closing at $12.9750, slightly above the $12.74 long-term average.
• Analyst sentiment has weakened, with ratings cut from “buy” or “strong-buy” to “hold” and “buy”; the overall consensus is now Hold.
• The company pays a quarterly dividend of $0.1975, equivalent to a $0.79 annualized payout and a 6.1% yield, while institutional investors own about 40.36% of the stock.

Star Group, L.P. (NYSE:SGU - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $12.74 and traded as high as $13.01. Star Group shares last traded at $12.9750, with a volume of 13,980 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings lowered shares of Star Group from a "buy (b-)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Wall Street Zen lowered shares of Star Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 15th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of "Hold".

Star Group Stock Down 0.1%

The company has a 50 day moving average of $12.76 and a 200-day moving average of $12.74. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.87 and a quick ratio of 0.69. The company has a market cap of $425.71 million, a P/E ratio of 6.94 and a beta of 0.31.

Star Group (NYSE:SGU - Get Free Report) last announced its earnings results on Wednesday, August 5th. The pipeline company reported ($0.84) earnings per share for the quarter. Star Group had a return on equity of 24.43% and a net margin of 4.57%. The business had revenue of $358.07 million during the quarter.

Star Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Monday, July 27th were issued a dividend of $0.1975 per share. The ex-dividend date of this dividend was Monday, July 27th. This represents a $0.79 annualized dividend and a dividend yield of 6.1%. Star Group's payout ratio is presently 42.25%.

Institutional Investors Weigh In On Star Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Maridea Wealth Management LLC purchased a new position in Star Group in the 2nd quarter worth approximately $550,000. AlphaCentric Advisors LLC bought a new position in shares of Star Group in the 1st quarter worth $261,000. Greenwood Gearhart LLC purchased a new stake in shares of Star Group during the 1st quarter valued at $252,000. Arrowstreet Capital Limited Partnership raised its position in shares of Star Group by 14.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 129,080 shares of the pipeline company's stock valued at $1,585,000 after buying an additional 16,544 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of Star Group by 400.0% during the 2nd quarter. BlackRock Inc. now owns 19,501 shares of the pipeline company's stock valued at $250,000 after buying an additional 15,601 shares in the last quarter. 40.36% of the stock is owned by hedge funds and other institutional investors.

Star Group Company Profile

Star Group, L.P. NYSE: SGU is a distributor of home heating and energy products serving residential and commercial customers in the northeastern United States. The company primarily provides heating oil and propane, along with related fuels such as gasoline and diesel.

Through its operating businesses and local service brands, Star Group also offers heating, ventilation and air-conditioning services, including equipment installation, maintenance and repairs. Its services are designed to support customers' home comfort, fuel delivery and energy-management needs.

The company traces its history to the formation of Star Gas Partners in 1995 and has expanded through acquisitions and the development of its energy-delivery and home-services operations.

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