Shares of Suburban Propane Partners, L.P. (NYSE:SPH - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $19.89 and last traded at $20.04, with a volume of 105329 shares. The stock had previously closed at $20.27.
Suburban Propane Partners Stock Performance
The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 2.39. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 18.67 and a beta of 0.22. The stock has a 50-day simple moving average of $20.47 and a 200-day simple moving average of $19.61.
Suburban Propane Partners (NYSE:SPH - Get Free Report) last issued its earnings results on Thursday, February 6th. The energy company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.46). Suburban Propane Partners had a return on equity of 11.81% and a net margin of 5.18%. During the same quarter last year, the firm earned $0.38 EPS.
Suburban Propane Partners Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th will be paid a dividend of $0.325 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $1.30 dividend on an annualized basis and a yield of 6.57%. Suburban Propane Partners's payout ratio is currently 122.64%.
Insider Buying and Selling at Suburban Propane Partners
In other Suburban Propane Partners news, SVP Douglas Brinkworth sold 2,000 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $20.50, for a total value of $41,000.00. Following the completion of the sale, the senior vice president now directly owns 159,355 shares of the company's stock, valued at approximately $3,266,777.50. This represents a 1.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael A. Schueler sold 7,746 shares of Suburban Propane Partners stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $20.93, for a total transaction of $162,123.78. Following the completion of the transaction, the vice president now directly owns 11,133 shares in the company, valued at $233,013.69. This represents a 41.03 % 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
A number of large investors have recently added to or reduced their stakes in SPH. Alps Advisors Inc. boosted its stake in shares of Suburban Propane Partners by 16.7% during the 1st quarter. Alps Advisors Inc. now owns 14,142,616 shares of the energy company's stock worth $297,136,000 after acquiring an additional 2,018,820 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Suburban Propane Partners by 1.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,404,228 shares of the energy company's stock valued at $58,553,000 after purchasing an additional 33,560 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Suburban Propane Partners in the 4th quarter worth about $24,340,000. JPMorgan Chase & Co. raised its holdings in Suburban Propane Partners by 6.2% during the 4th quarter. JPMorgan Chase & Co. now owns 684,155 shares of the energy company's stock worth $11,767,000 after buying an additional 40,239 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Suburban Propane Partners during the fourth quarter valued at about $3,474,000. 30.94% of the stock is currently owned by institutional investors.
About Suburban Propane Partners
(
Get Free Report)
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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