Star Group (NYSE:SGU) Stock Crosses Above 200 Day Moving Average – Should You Sell?
by Tristan Rich · The Markets DailyShares of Star Group, L.P. (NYSE:SGU – Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.51 and traded as high as $12.83. Star Group shares last traded at $12.7950, with a volume of 12,458 shares trading hands.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Star Group presently has an average rating of “Buy”.
View Our Latest Research Report on SGU
Star Group Trading Down 0.4%
The firm has a market cap of $417.76 million, a PE ratio of 5.71 and a beta of 0.34. The company has a quick ratio of 0.81, a current ratio of 0.99 and a debt-to-equity ratio of 0.37. The company’s 50 day moving average price is $12.71 and its two-hundred day moving average price is $12.52.
Star Group (NYSE:SGU – Get Free Report) last announced its earnings results on Wednesday, May 6th. The pipeline company reported $2.66 earnings per share for the quarter. Star Group had a net margin of 5.31% and a return on equity of 28.64%. The business had revenue of $766.72 million for the quarter.
Star Group Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Monday, April 27th were paid a $0.1975 dividend. This is an increase from Star Group’s previous quarterly dividend of $0.19. This represents a $0.79 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Monday, April 27th. Star Group’s payout ratio is currently 35.43%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Lubar & Co. Inc purchased a new position in Star Group in the 4th quarter worth about $15,344,000. Renaissance Technologies LLC increased its stake in Star Group by 1.1% in the 1st quarter. Renaissance Technologies LLC now owns 910,108 shares of the pipeline company’s stock worth $11,176,000 after buying an additional 10,281 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Star Group by 14.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 129,080 shares of the pipeline company’s stock worth $1,585,000 after buying an additional 16,544 shares during the period. UBS Group AG increased its stake in Star Group by 6.8% in the 3rd quarter. UBS Group AG now owns 52,025 shares of the pipeline company’s stock worth $615,000 after buying an additional 3,333 shares during the period. Finally, GSA Capital Partners LLP increased its stake in Star Group by 23.0% in the 3rd quarter. GSA Capital Partners LLP now owns 35,534 shares of the pipeline company’s stock worth $420,000 after buying an additional 6,651 shares during the period. Hedge funds and other institutional investors own 40.36% of the company’s stock.
About Star Group
Star Group, L.P., together with its subsidiaries, provides home heating oil and propane products and services to residential and commercial customers in the United States. It offers gasoline and diesel fuel; and installs, maintain, and repairs heating and air conditioning equipment. As of September 30, 2023, the company served approximately 402,200 full service residential and commercial home heating oil and propane customers and 52,400 customers on a delivery only basis. It also sells gasoline and diesel fuel to approximately 26,600 customers.