Star Group (NYSE:SGU) Stock Rating Upgraded by Wall Street Zen

Star Group (NYSE:SGU) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings upgraded shares of Star Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Star Group presently has a consensus rating of “Buy”.

Star Group Stock Up 0.2%

Shares of SGU stock opened at $11.84 on Friday. Star Group has a twelve month low of $11.11 and a twelve month high of $13.75. The stock has a market cap of $397.73 million, a P/E ratio of 8.00 and a beta of 0.33. The stock has a 50 day moving average of $11.84 and a 200 day moving average of $11.77. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.56.

Institutional Trading of Star Group

Several institutional investors have recently modified their holdings of the stock. Hartree Partners LP raised its position in shares of Star Group by 6.1% during the 1st quarter. Hartree Partners LP now owns 3,314,616 shares of the pipeline company’s stock worth $43,687,000 after purchasing an additional 191,363 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Star Group by 91.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 104,083 shares of the pipeline company’s stock valued at $1,231,000 after acquiring an additional 49,640 shares during the last quarter. Hyperion Capital Advisors LP purchased a new position in shares of Star Group in the second quarter valued at approximately $344,000. Goldman Sachs Group Inc. acquired a new stake in shares of Star Group in the first quarter worth approximately $231,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Star Group during the second quarter worth approximately $191,000. Institutional investors and hedge funds own 40.36% of the company’s stock.

Star Group Company Profile

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.