Suburban Propane Partners LP (NYSE:SPH) VP A Davin Dambrosio sold 5,500 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $31.00, for a total value of $170,500.00. Following the transaction, the vice president now owns 37,019 shares in the company, valued at approximately $1,147,589. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

A Davin Dambrosio also recently made the following trade(s):

  • On Monday, November 21st, A Davin Dambrosio sold 5,500 shares of Suburban Propane Partners stock. The stock was sold at an average price of $31.00, for a total value of $170,500.00.

Suburban Propane Partners LP (NYSE:SPH) traded up 1.67% during mid-day trading on Wednesday, reaching $30.43. The company had a trading volume of 83,770 shares. The stock has a 50 day moving average price of $31.31 and a 200-day moving average price of $32.90. Suburban Propane Partners LP has a 12-month low of $20.93 and a 12-month high of $37.10. The stock has a market capitalization of $1.85 billion, a P/E ratio of 128.40 and a beta of 0.69.

Suburban Propane Partners (NYSE:SPH) last issued its earnings results on Thursday, November 10th. The company reported ($0.99) earnings per share (EPS) 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. Suburban Propane Partners’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.11) EPS. Equities analysts anticipate that Suburban Propane Partners LP will post $1.82 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Suburban Propane Partners (NYSE:SPH)

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 8th. Investors of record on Tuesday, November 1st were paid a dividend of $0.887 per share. The ex-dividend date of this dividend was Friday, October 28th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 11.85%.

Several hedge funds have recently added to or reduced their stakes in the stock. Mosaic Family Wealth LLC raised its stake in Suburban Propane Partners by 0.4% in the third quarter. Mosaic Family Wealth LLC now owns 4,224 shares of the company’s stock worth $141,000 after buying an additional 18 shares during the last quarter. Cetera Advisor Networks LLC raised its stake in Suburban Propane Partners by 64.4% in the third quarter. Cetera Advisor Networks LLC now owns 18,249 shares of the company’s stock worth $608,000 after buying an additional 7,151 shares during the last quarter. Morgan Stanley raised its stake in Suburban Propane Partners by 7.2% in the third quarter. Morgan Stanley now owns 561,212 shares of the company’s stock worth $18,689,000 after buying an additional 37,589 shares during the last quarter. Mcdaniel Terry & Co. raised its stake in Suburban Propane Partners by 10.0% in the third quarter. Mcdaniel Terry & Co. now owns 6,600 shares of the company’s stock worth $220,000 after buying an additional 600 shares during the last quarter. Finally, BB&T Securities LLC raised its stake in Suburban Propane Partners by 1.4% in the third quarter. BB&T Securities LLC now owns 27,272 shares of the company’s stock worth $908,000 after buying an additional 378 shares during the last quarter.

SPH has been the topic of several analyst reports. Zacks Investment Research raised Suburban Propane Partners from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Thursday, October 6th. Stifel Nicolaus raised Suburban Propane Partners from a “hold” rating to a “buy” rating and increased 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 Suburban Propane Partners and gave the stock a “sell” rating in a report on Thursday, November 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $33.20.

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Suburban Propane Partners Company Profile

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.

5 Day Chart for NYSE:SPH

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