Star Group, L.P. (NYSE:SGU - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.73 and traded as high as $12.83. Star Group shares last traded at $12.83, with a volume of 8,729 shares trading hands.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Weiss Ratings lowered Star Group from a "buy (b-)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. Wall Street Zen lowered Star Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".
View Our Latest Stock Report on Star Group
Star Group Stock Performance
The firm has a market capitalization of $420.95 million, a PE ratio of 6.86 and a beta of 0.34. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 0.87. The business's fifty day simple moving average is $12.78 and its 200-day simple moving average is $12.73.
Star Group (NYSE:SGU - Get Free Report) last released its earnings results on Wednesday, August 5th. The pipeline company reported ($0.84) EPS for the quarter. Star Group had a return on equity of 24.43% and a net margin of 4.57%.The company had revenue of $358.07 million during the quarter.
Star Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Monday, July 27th were paid a $0.1975 dividend. The ex-dividend date was Monday, July 27th. This represents a $0.79 annualized dividend and a yield of 6.2%. Star Group's payout ratio is presently 42.25%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of Star Group by 5,446.2% in the fourth quarter. Royal Bank of Canada now owns 2,163 shares of the pipeline company's stock worth $25,000 after purchasing an additional 2,124 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Star Group by 181.5% in the second quarter. Osaic Holdings Inc. now owns 5,199 shares of the pipeline company's stock worth $61,000 after buying an additional 3,352 shares in the last quarter. Kestra Advisory Services LLC bought a new position in Star Group during the fourth quarter valued at approximately $80,000. Raymond James Financial Inc. bought a new position in Star Group during the second quarter valued at approximately $89,000. Finally, Bank of America Corp DE grew its holdings in Star Group by 91.7% during the 3rd quarter. Bank of America Corp DE now owns 11,844 shares of the pipeline company's stock valued at $140,000 after buying an additional 5,667 shares in the last quarter. Hedge funds and other institutional investors own 40.36% of the company's stock.
About Star Group
(
Get Free Report)
Star Group, L.P., together with its subsidiaries, provides home heating oil and propane products and services to residential and commercial customers in the United States. It offers gasoline and diesel fuel; and installs, maintain, and repairs heating and air conditioning equipment. As of September 30, 2023, the company served approximately 402,200 full service residential and commercial home heating oil and propane customers and 52,400 customers on a delivery only basis. It also sells gasoline and diesel fuel to approximately 26,600 customers.
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