Suburban Propane Partners (NYSE:SPH) Sets New 1-Year Low - Time to Sell?

Suburban Propane Partners, L.P. (NYSE:SPH - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $19.89 and last traded at $20.04, with a volume of 105329 shares trading hands. The stock had previously closed at $20.27.

Suburban Propane Partners Price Performance

The stock has a market capitalization of $1.32 billion, a P/E ratio of 19.26 and a beta of 0.22. The company's 50 day simple moving average is $20.48 and its two-hundred day simple moving average is $19.60. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.70 and a quick ratio of 0.51.

Suburban Propane Partners (NYSE:SPH - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The energy company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company posted $0.38 EPS.

Suburban Propane Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th will be given a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 6.37%. The ex-dividend date of this dividend is Tuesday, May 6th. Suburban Propane Partners's dividend payout ratio is 122.64%.

Insider Activity at Suburban Propane Partners

In other news, SVP Douglas Brinkworth sold 2,000 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was 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 $3,266,777.50. This represents a 1.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 transaction, the vice president now directly owns 11,133 shares in the company, valued at $233,013.69. The trade was 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 Investors Weigh In On Suburban Propane Partners

Several large investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in shares of Suburban Propane Partners by 31.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 643,916 shares of the energy company's stock valued at $11,552,000 after purchasing an additional 155,360 shares during the period. Cetera Trust Company N.A bought a new position in Suburban Propane Partners in the fourth quarter valued at approximately $28,000. Independence Bank of Kentucky acquired a new position in shares of Suburban Propane Partners in the fourth quarter valued at approximately $52,000. Stratos Wealth Partners LTD. increased its position in shares of Suburban Propane Partners by 12.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 14,662 shares of the energy company's stock worth $252,000 after acquiring an additional 1,601 shares in the last quarter. 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 currently owned by institutional investors.

Suburban Propane Partners Company Profile

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.