Star Group, L.P. (NYSE:SGU - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.35 and traded as high as $12.81. Star Group shares last traded at $12.60, with a volume of 16,150 shares traded.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded Star Group from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 7th.
Read Our Latest Report on SGU
Star Group Trading Down 0.0%
The stock has a market cap of $421.60 million, a PE ratio of 11.73 and a beta of 0.39. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.63. The firm has a fifty day simple moving average of $12.71 and a two-hundred day simple moving average of $12.37.
Star Group (NYSE:SGU - Get Free Report) last announced its earnings results on Wednesday, May 7th. The pipeline company reported $2.01 earnings per share for the quarter. Star Group had a net margin of 3.19% and a return on equity of 18.47%. The business had revenue of $743.05 million for the quarter.
Star Group Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Monday, April 28th were issued a dividend of $0.185 per share. This is an increase from Star Group's previous quarterly dividend of $0.17. This represents a $0.74 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date was Monday, April 28th. Star Group's payout ratio is currently 49.66%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. MGO One Seven LLC boosted its holdings in shares of Star Group by 7.9% in the 4th quarter. MGO One Seven LLC now owns 17,193 shares of the pipeline company's stock worth $198,000 after purchasing an additional 1,255 shares in the last quarter. LPL Financial LLC boosted its stake in Star Group by 7.7% in the fourth quarter. LPL Financial LLC now owns 17,932 shares of the pipeline company's stock worth $207,000 after buying an additional 1,276 shares in the last quarter. Crews Bank & Trust purchased a new stake in Star Group in the fourth quarter worth approximately $25,000. State of Tennessee Department of Treasury bought a new position in Star Group during the fourth quarter valued at approximately $26,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of Star Group in the 4th quarter worth approximately $27,000. 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.
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