Star Group (NYSE:SGU) Shares Cross Above 200-Day Moving Average – Time to Sell?

Star Group, L.P. (NYSE:SGU)’s share price passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $12.78 and traded as high as $13.20. Star Group shares last traded at $13.1730, with a volume of 55,081 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Weiss Ratings cut shares of Star Group from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Wall Street Zen downgraded shares of Star Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Star Group Price Performance

The firm has a fifty day moving average of $12.82 and a two-hundred day moving average of $12.78. The company has a current ratio of 0.87, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $432.21 million, a PE ratio of 7.04 and a beta of 0.31.

Star Group (NYSE:SGU) last announced its quarterly earnings results on Wednesday, August 5th. The pipeline company reported ($0.84) EPS for the quarter. The company had revenue of $358.07 million during the quarter. Star Group had a return on equity of 24.43% and a net margin of 4.57%.

Star Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Monday, October 26th will be paid a $0.1975 dividend. This represents a $0.79 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, October 26th. Star Group’s payout ratio is presently 42.25%.

Institutional Investors Weigh In On Star Group

Several institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new position in shares of Star Group in the second quarter valued at about $40,000. NewEdge Advisors LLC bought a new position in shares of Star Group during the second quarter valued at about $147,000. BlackRock Inc. boosted its holdings in shares of Star Group by 400.0% during the second quarter. BlackRock Inc. now owns 19,501 shares of the pipeline company’s stock worth $250,000 after purchasing an additional 15,601 shares during the period. Maridea Wealth Management LLC purchased a new stake in shares of Star Group during the second quarter worth about $550,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Star Group by 1.1% during the first quarter. Renaissance Technologies LLC now owns 910,108 shares of the pipeline company’s stock worth $11,176,000 after purchasing an additional 10,281 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. is a heating and home-services company that supplies energy products and related services to residential and commercial customers. Its offerings include heating oil, propane, natural gas and electricity, along with heating, ventilation and air-conditioning equipment installation, maintenance and repair.

The company also provides plumbing, electrical and other home-comfort services in selected markets. Through its operating businesses, Star Group serves customers across the Northeast and Mid-Atlantic regions of the United States, with operations concentrated in states including New York, New Jersey, Connecticut, Pennsylvania, Massachusetts, Rhode Island, New Hampshire, Vermont, Maryland, Delaware and Virginia.

Star Group was established in 1995 and has expanded primarily through acquisitions of heating-fuel distributors and home-services providers.