Suburban Propane Partners LP (NYSE:SPH) insider Keith P. Onderdonk sold 4,100 shares of the firm’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $28.10, for a total transaction of $115,210.00. Following the completion of the transaction, the insider now owns 26,222 shares of the company’s stock, valued at $736,838.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Suburban Propane Partners LP (NYSE:SPH) traded up 3.92% during mid-day trading on Monday, hitting $30.99. 131,643 shares of the company traded hands. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 269.48 and a beta of 0.69. Suburban Propane Partners LP has a one year low of $20.93 and a one year high of $37.10. The company’s 50-day moving average price is $31.51 and its 200 day moving average price is $32.87.

Suburban Propane Partners (NYSE:SPH) last announced its quarterly earnings data on Thursday, November 10th. The company reported ($0.99) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.82) by $0.17. The business earned $161 million during the quarter, compared to analysts’ expectations of $196.39 million. The company’s revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the company earned ($1.11) earnings per share. On average, analysts anticipate that Suburban Propane Partners LP will post $1.82 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 8th. Shareholders of record on Tuesday, November 1st were issued a dividend of $0.887 per share. The ex-dividend date was Friday, October 28th. This represents a $3.55 annualized dividend and a yield of 11.64%.

Several brokerages have commented on SPH. Zacks Investment Research cut shares of Suburban Propane Partners from a “hold” rating to a “sell” rating in a report on Tuesday, August 9th. Stifel Nicolaus upgraded shares of Suburban Propane Partners from a “hold” rating to a “buy” rating and raised their target price for the stock from $34.00 to $36.00 in a report on Thursday, October 13th. Finally, Credit Suisse Group AG set a $30.00 target price on shares of Suburban Propane Partners and gave the stock a “sell” rating in a report on Thursday, November 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $33.20.

Hedge funds have recently made changes to their positions in the company. Cohen & Steers Inc. boosted its stake in shares of Suburban Propane Partners by 13,893.8% in the second quarter. Cohen & Steers Inc. now owns 31,179,168 shares of the company’s stock valued at $1,529,026,000 after buying an additional 30,956,361 shares in the last quarter. Energy Income Partners LLC boosted its stake in shares of Suburban Propane Partners by 41.0% in the first quarter. Energy Income Partners LLC now owns 2,041,030 shares of the company’s stock valued at $61,006,000 after buying an additional 593,851 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Suburban Propane Partners by 7.7% in the second quarter. Royal Bank of Canada now owns 1,269,849 shares of the company’s stock valued at $42,412,000 after buying an additional 91,208 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Suburban Propane Partners by 104.0% in the second quarter. Janney Montgomery Scott LLC now owns 109,804 shares of the company’s stock valued at $3,668,000 after buying an additional 55,984 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Suburban Propane Partners by 73.7% in the third quarter. Bank of New York Mellon Corp now owns 120,899 shares of the company’s stock valued at $4,026,000 after buying an additional 51,305 shares in the last quarter.

About Suburban Propane Partners

Suburban Propane Partners, L.P. (the Partnership) is a marketer and distributor of a range of products meeting the energy needs of the customers. The Company is specialized in the distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets.

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