Star Group (NYSE:SGU) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Star Group shares moved above their 200-day moving average, reaching $12.95 and last trading at $12.93, up 0.9%. The stock has a market capitalization of approximately $424 million.
• Analyst sentiment has weakened, with recent downgrades from “strong buy” to “buy” and from “buy” to “hold”; MarketBeat reports an overall average rating of “Hold.”
• Star Group pays a quarterly dividend of $0.1975 per share, or $0.79 annualized, representing a 6.1% yield. The company reported quarterly revenue of $358.07 million and negative EPS of $0.84.

Shares of Star Group, L.P. (NYSE:SGU - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.73 and traded as high as $12.95. Star Group shares last traded at $12.93, with a volume of 10,666 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SGU. Wall Street Zen lowered shares of Star Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 15th. Weiss Ratings downgraded shares of Star Group from a "buy (b-)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold".

Star Group Stock Up 0.9%

The company has a market capitalization of $424.23 million, a PE ratio of 6.91 and a beta of 0.34. The company has a quick ratio of 0.69, a current ratio of 0.87 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average of $12.78 and a two-hundred day moving average of $12.73.

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

Star Group Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SGU. Royal Bank of Canada boosted its stake in Star Group by 5,446.2% during the fourth quarter. Royal Bank of Canada now owns 2,163 shares of the pipeline company's stock worth $25,000 after buying an additional 2,124 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Star Group in the 2nd quarter worth approximately $40,000. Osaic Holdings Inc. lifted its holdings in shares of Star Group by 181.5% in the 2nd quarter. Osaic Holdings Inc. now owns 5,199 shares of the pipeline company's stock worth $61,000 after acquiring an additional 3,352 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Star Group during the 4th quarter worth approximately $80,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Star Group during the 2nd quarter worth approximately $89,000. Institutional investors and hedge funds own 40.36% of the company's stock.

About Star Group

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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