Suburban Propane Partners, L.P. (NYSE:SPH - Get Free Report) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 794,200 shares, a decrease of 17.9% from the April 30th total of 967,800 shares. Based on an average daily volume of 186,200 shares, the days-to-cover ratio is currently 4.3 days. Approximately 1.3% of the company's stock are sold short.
Suburban Propane Partners Stock Performance
Shares of NYSE SPH traded down $0.16 during trading hours on Friday, hitting $18.30. 168,360 shares of the stock were exchanged, compared to its average volume of 194,274. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.70 and a quick ratio of 0.51. The company's 50 day moving average is $19.70 and its 200 day moving average is $19.70. The firm has a market capitalization of $1.19 billion, a P/E ratio of 17.27 and a beta of 0.17. Suburban Propane Partners has a one year low of $15.20 and a one year high of $22.24.
Suburban Propane Partners (NYSE:SPH - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The energy company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.11). The firm had revenue of $587.66 million for the quarter, compared to the consensus estimate of $548.00 million. Suburban Propane Partners had a return on equity of 11.81% and a net margin of 5.18%.
Suburban Propane Partners Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th were issued a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 7.10%. The ex-dividend date of this dividend was Tuesday, May 6th. Suburban Propane Partners's dividend payout ratio is currently 90.28%.
Insider Transactions at Suburban Propane Partners
In other news, Director Harold R. Logan, Jr. sold 6,900 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $19.14, for a total transaction of $132,066.00. Following the transaction, the director now owns 39,227 shares in the company, valued at $750,804.78. This represents a 14.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Douglas Brinkworth sold 2,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $20.50, for a total transaction of $41,000.00. Following the transaction, the senior vice president now owns 159,355 shares in the company, valued at approximately $3,266,777.50. This trade represents a 1.24% decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
Institutional Trading of Suburban Propane Partners
Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Suburban Propane Partners by 275.5% during the 1st quarter. Farther Finance Advisors LLC now owns 1,363 shares of the energy company's stock worth $29,000 after buying an additional 1,000 shares during the period. Wingate Wealth Advisors Inc. bought a new stake in Suburban Propane Partners in the 4th quarter valued at $31,000. Vision Financial Markets LLC bought a new stake in Suburban Propane Partners in the 4th quarter valued at $34,000. Duncker Streett & Co. Inc. bought a new stake in Suburban Propane Partners in the 4th quarter valued at $34,000. Finally, Tandem Financial LLC bought a new stake in Suburban Propane Partners in the 4th quarter valued at $39,000. 30.94% of the stock is owned by institutional investors.
About Suburban Propane Partners
(
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Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.
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