Suburban Propane Partners (NYSE:SPH) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Suburban Propane Partners, L.P. (NYSE:SPH - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.48 and traded as high as $20.70. Suburban Propane Partners shares last traded at $20.46, with a volume of 79,827 shares.

Suburban Propane Partners Price Performance

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 firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 19.07 and a beta of 0.22. The business's fifty day simple moving average is $20.57 and its 200 day simple moving average is $19.55.

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

Suburban Propane Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th will be paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date of this dividend is Tuesday, May 6th. Suburban Propane Partners's dividend payout ratio (DPR) is 122.64%.

Insider Buying and Selling at Suburban Propane Partners

In other news, SVP Douglas Brinkworth sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $20.50, for a total value of $41,000.00. Following the transaction, the senior vice president now owns 159,355 shares in the company, valued at $3,266,777.50. The trade was a 1.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael A. Schueler sold 7,746 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $20.93, for a total value of $162,123.78. Following the completion of the transaction, the vice president now directly owns 11,133 shares of the company's stock, valued at approximately $233,013.69. This represents a 41.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On Suburban Propane Partners

Several institutional investors have recently modified their holdings of SPH. Cetera Trust Company N.A bought a new position in shares of Suburban Propane Partners in the fourth quarter valued at approximately $28,000. Farther Finance Advisors LLC grew its holdings in shares of Suburban Propane Partners by 275.5% in the first quarter. Farther Finance Advisors LLC now owns 1,363 shares of the energy company's stock valued at $29,000 after acquiring an additional 1,000 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new position in shares of Suburban Propane Partners in the fourth quarter valued at approximately $31,000. Duncker Streett & Co. Inc. bought a new position in shares of Suburban Propane Partners in the fourth quarter valued at approximately $34,000. Finally, Vision Financial Markets LLC bought a new position in shares of Suburban Propane Partners in the fourth quarter valued at approximately $34,000. 30.94% of the stock is 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.