Sprague Resources (SRLP) News Today

StockNews.com assumed coverage on shares of Sprague Resources in a research note on Friday. They issued a "buy" rating for the company.

Sprague Resources LP (NYSE:SRLP - Get Rating) major shareholder Sprague Hp Holdings Llc acquired 6,689,383 shares of the stock in a transaction that occurred on Tuesday, November 1st. The shares were bought at an average cost of $20.00 per share, for a total transaction of $133,787,660.00. Following the completion of the transaction, the insider now directly owns 19,548,849 shares of the company's stock, valued at approximately $390,976,980. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

Sprague Resources LP (NYSE:SRLP) announced a quarterly dividend on Monday, October 17th. Shareholders of record on Thursday, October 27th will be paid a dividend of 0.434 per share by the oil and gas company on Monday, October 31st. This represents a $1.74 annualized dividend and a yield of 8.66%. The ex-dividend date of this dividend is Wednesday, October 26th.

TheStreet raised Sprague Resources from a "d+" rating to a "c-" rating in a report on Monday.

Sprague Resources LP (NYSE:SRLP - Get Rating) insider David C. Glendon sold 917 shares of the firm's stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $25.71, for a total value of $23,576.07. Following the completion of the transaction, the insider now owns 114,559 shares of the company's stock, valued at $2,945,311.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sprague Resources LP (NYSE:SRLP - Get Rating) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 4,100 shares, a drop of 57.7% from the August 15th total of 9,700 shares. Based on an average trading volume of 57,800 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Sprague Resources (NYSE:SRLP) will be releasing earnings before the market opens on Thursday, August 4, Zacks reports.

Sprague Resources LP (NYSE:SRLP) declared a quarterly dividend on Monday, July 25th. Investors of record on Friday, August 5th will be paid a dividend of 0.434 per share by the oil and gas company on Wednesday, August 10th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 9.07%. The ex-dividend date of this dividend is Thursday, August 4th.

Sprague Resources LP (NYSE:SRLP - Get Rating) saw a large increase in short interest in June. As of June 30th, there was short interest totalling 38,000 shares, an increase of 140.5% from the June 15th total of 15,800 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 48,600 shares, the days-to-cover ratio is currently 0.8 days.

Sprague Resources LP (NYSE:SRLP - Get Rating) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 15,800 shares, a growth of 90.4% from the May 31st total of 8,300 shares. Currently, 0.2% of the company's shares are sold short. Based on an average daily volume of 46,900 shares, the days-to-cover ratio is presently 0.3 days.

StockNews.com started coverage on shares of Sprague Resources in a research report on Monday. They set a "hold" rating on the stock.

StockNews.com assumed coverage on shares of Sprague Resources in a research report on Sunday. They set a "hold" rating on the stock.

Sprague Resources LP (NYSE:SRLP - Get Rating) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 8,300 shares, a decrease of 16.2% from the May 15th total of 9,900 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 42,200 shares, the days-to-cover ratio is currently 0.2 days.

Sprague Resources LP (NYSE:SRLP - Get Rating) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 9,900 shares, a growth of 73.7% from the April 30th total of 5,700 shares. Based on an average daily trading volume, of 17,200 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are sold short.

Sprague Resources (NYSE:SRLP) will be releasing earnings before the market opens on Thursday, May 5, Zacks reports. (Register for Conference Call at http://mmm.wallstreethorizon.com/u.asp?u=450171)

Sprague Resources LP (NYSE:SRLP) declared a quarterly dividend on Monday, April 25th. Investors of record on Friday, May 6th will be given a dividend of 0.434 per share by the oil and gas company on Wednesday, May 11th. This represents a $1.74 annualized dividend and a dividend yield of 10.69%. The ex-dividend date of this dividend is Thursday, May 5th. This is a boost from Sprague Resources's previous quarterly dividend of $0.43.