Star Group, L.P. sells home heating and air conditioning products and services to residential and commercial home heating oil and propane customers in the United States. It also sells diesel fuel, gasoline, and home heating oil on a delivery only basis, as well as provide plumbing services; and installs maintains, and repairs heating and air conditioning equipment. As of September 30, 2021, the company served approximately 422,200 full service residential and commercial home heating oil and propane customers and 71,100 customers on a delivery only basis. It also sells gasoline and diesel fuel to approximately 26,700 customers. Kestrel Heat, LLC operates as the general partner of the company. The company was formerly known as Star Gas Partners, L.P. and changed its name to Star Group, L.P. in October 2017. Star Group, L.P. was incorporated in 1995 and is based in Stamford, Connecticut.
Star Group Price Performance
SGU Stock traded up $0.14 during mid-day trading on Friday, reaching $9.77. 37,707 shares of the company traded hands, compared to its average volume of 40,073. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.73. The company has a market capitalization of $359.34 million, a P/E ratio of 8.14 and a beta of 0.62. Star Group has a 52-week low of $9.08 and a 52-week high of $11.67. The company has a fifty day moving average price of $9.67 and a 200-day moving average price of $10.20.
Star Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 2nd. Shareholders of record on Monday, July 25th were issued a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date of this dividend was Friday, July 22nd. Star Group's payout ratio is presently 50.83%.
Analyst Ratings Changes
Separately, StockNews.com lowered Star Group from a "strong-buy" rating to a "buy" rating in a report on Friday, May 13th.
Insider Buying and Selling at Star Group
In related news, CFO Richard Ambury bought 5,000 shares of Star Group stock in a transaction on Monday, May 23rd. The stock was acquired at an average price of $9.24 per share, with a total value of $46,200.00. Following the acquisition, the chief financial officer now directly owns 43,390 shares of the company's stock, valued at $400,923.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 20.36% of the company's stock.