Star Group (NYSE:SGU) Stock Price Passes Above Two Hundred Day Moving Average of $9.67

Star Group, L.P. (NYSE:SGU – Get Rating) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.67 and traded as high as $12.96. Star Group shares last traded at $12.88, with a volume of 88,577 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SGU shares. StockNews.com began coverage on Star Group in a research report on Wednesday, October 12th. They set a “buy” rating for the company. TheStreet upgraded shares of Star Group from a “c+” rating to a “b-” rating in a report on Tuesday, December 20th.

Star Group Price Performance

The firm has a market capitalization of $451.42 million, a P/E ratio of 30.55 and a beta of 0.52. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.76 and a quick ratio of 0.54. The company’s 50 day moving average price is $10.90 and its 200 day moving average price is $9.70.

Star Group (NYSE:SGU – Get Rating) last issued its quarterly earnings results on Wednesday, December 7th. The pipeline company reported ($1.36) earnings per share (EPS) for the quarter. The business had revenue of $296.64 million during the quarter. Star Group had a net margin of 1.76% and a return on equity of 11.83%.

Star Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Monday, January 23rd will be paid a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Friday, January 20th. Star Group’s dividend payout ratio is presently 145.24%.

Hedge Funds Weigh In On Star Group

A number of large investors have recently modified their holdings of SGU. UBS Group AG boosted its holdings in shares of Star Group by 50.7% during the 3rd quarter. UBS Group AG now owns 6,584 shares of the pipeline company’s stock valued at $53,000 after buying an additional 2,216 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Star Group during the second quarter valued at $73,000. HM Payson & Co. acquired a new stake in Star Group in the third quarter worth about $89,000. Trexquant Investment LP purchased a new stake in shares of Star Group in the third quarter valued at approximately $97,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Star Group in the 2nd quarter valued at $105,000. 28.25% of the stock is currently owned by institutional investors.

Star Group Company Profile

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Star Group LP engages in the provision and distribution of home heating oil, propane, and related services to residential and commercial customers. It also sells diesel fuel, gasoline, and home heating oil on a delivery only basis. The company was founded on October 16, 1995 and is headquartered in Stamford, CT.