Star Group, L.P. (NYSE:SGU - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.29 and traded as high as $12.93. Star Group shares last traded at $12.8870, with a volume of 26,644 shares traded.
Analyst Ratings Changes
A number of equities research analysts have weighed in on SGU shares. Weiss Ratings cut shares of Star Group from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday. Wall Street Zen upgraded shares of Star Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, January 31st. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy".
Read Our Latest Stock Report on SGU
Star Group Stock Up 1.2%
The firm has a market cap of $423.72 million, a PE ratio of 8.16 and a beta of 0.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.58 and a current ratio of 0.74. The firm's 50-day moving average price is $12.68 and its two-hundred day moving average price is $12.29.
Star Group (NYSE:SGU - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The pipeline company reported $0.89 earnings per share for the quarter. The business had revenue of $539.26 million during the quarter. Star Group had a net margin of 4.16% and a return on equity of 23.03%.
Star Group Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Monday, April 27th will be given a dividend of $0.1975 per share. The ex-dividend date is Monday, April 27th. This represents a $0.79 annualized dividend and a dividend yield of 6.1%. This is a boost from Star Group's previous quarterly dividend of $0.19. Star Group's payout ratio is presently 46.84%.
Institutional Trading of Star Group
Several institutional investors have recently modified their holdings of SGU. Royal Bank of Canada increased its holdings in shares of Star Group by 5,446.2% in the 4th quarter. Royal Bank of Canada now owns 2,163 shares of the pipeline company's stock valued at $25,000 after acquiring an additional 2,124 shares during the period. Osaic Holdings Inc. increased 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 valued at $61,000 after acquiring an additional 3,352 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Star Group in the 4th quarter valued at $80,000. Raymond James Financial Inc. acquired a new position in shares of Star Group in the 2nd quarter valued at $89,000. Finally, Bank of America Corp DE increased its holdings in shares of Star Group by 91.7% in the 3rd quarter. Bank of America Corp DE now owns 11,844 shares of the pipeline company's stock valued at $140,000 after acquiring an additional 5,667 shares during the period. 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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