Shares of Star Group, L.P. (NYSE:SGU - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.
Analysts Set New Price Targets
Separately, StockNews.com upgraded Star Group from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 7th.
Check Out Our Latest Stock Report on Star Group
Star Group Stock Down 1.6%
The stock has a market capitalization of $435.53 million, a P/E ratio of 12.12 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's fifty day moving average is $12.79 and its 200-day moving average is $12.35.
Star Group (NYSE:SGU - Get Free Report) last posted its earnings results on Wednesday, May 7th. The pipeline company reported $2.01 earnings per share (EPS) for the quarter. The company had revenue of $743.05 million during the quarter. Star Group had a net margin of 3.19% and a return on equity of 18.47%.
Star Group Increases Dividend
The firm also recently announced 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 represents a $0.74 annualized dividend and a dividend yield of 5.87%. The ex-dividend date of this dividend was Monday, April 28th. This is a boost from Star Group's previous quarterly dividend of $0.17. Star Group's dividend payout ratio is presently 49.66%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in SGU. Jones Financial Companies Lllp bought a new stake in Star Group during the 4th quarter worth about $27,000. State of Tennessee Department of Treasury acquired a new position in shares of Star Group during the fourth quarter worth approximately $26,000. MGO One Seven LLC grew its stake in shares of Star Group by 7.9% during the fourth quarter. MGO One Seven LLC now owns 17,193 shares of the pipeline company's stock valued at $198,000 after purchasing an additional 1,255 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Star Group by 7.7% in the fourth quarter. LPL Financial LLC now owns 17,932 shares of the pipeline company's stock valued at $207,000 after purchasing an additional 1,276 shares in the last quarter. Finally, Roxbury Financial LLC acquired a new stake in shares of Star Group in the fourth quarter valued at approximately $122,000. 40.36% of the stock is owned by institutional investors.
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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