Star Group, L.P. (NYSE:SGU - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.27 and traded as high as $12.53. Star Group shares last traded at $12.33, with a volume of 40,172 shares traded.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Star Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 7th.
Read Our Latest Research Report on SGU
Star Group Trading Down 0.9 %
The firm has a market cap of $419.99 million, a P/E ratio of 11.68 and a beta of 0.35. The business's 50 day moving average is $12.94 and its 200-day moving average is $12.28. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.63.
Star Group (NYSE:SGU - Get Free Report) last released its earnings results on Wednesday, February 5th. The pipeline company reported $0.79 earnings per share for the quarter. Star Group had a net margin of 3.19% and a return on equity of 18.47%.
Star Group Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Monday, April 28th will be issued a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date is Monday, April 28th. This is an increase from Star Group's previous quarterly dividend of $0.17. Star Group's dividend payout ratio (DPR) is currently 71.15%.
Institutional Investors Weigh In On Star Group
A number of institutional investors have recently made changes to their positions in SGU. Joel Isaacson & Co. LLC acquired a new position in Star Group in the first quarter worth $2,528,000. JPMorgan Chase & Co. grew its position in shares of Star Group by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 622,573 shares of the pipeline company's stock valued at $7,309,000 after buying an additional 66,806 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in Star Group during the fourth quarter worth about $144,000. Roxbury Financial LLC acquired a new stake in Star Group during the fourth quarter worth about $122,000. Finally, Jones Financial Companies Lllp bought a new position in Star Group in the fourth quarter worth about $27,000. 40.36% of the stock is currently owned by institutional investors.
Star Group Company Profile
(
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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.
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