Star Group, L.P. (NYSE:SGU) Sees Large Drop in Short Interest

Star Group, L.P. (NYSE:SGU) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 44,760 shares, a decline of 20.2% from the January 29th total of 56,118 shares. Based on an average trading volume of 34,212 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 34,212 shares, the days-to-cover ratio is presently 1.3 days.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 13th. Wall Street Zen raised Star Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SGU. Royal Bank of Canada boosted its stake in Star Group by 5,446.2% during the 4th quarter. Royal Bank of Canada now owns 2,163 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 2,124 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of Star Group by 181.5% during the 2nd quarter. Osaic Holdings Inc. now owns 5,199 shares of the pipeline company’s stock worth $61,000 after acquiring an additional 3,352 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Star Group in the fourth quarter worth about $80,000. Raymond James Financial Inc. purchased a new position in Star Group in the 2nd quarter valued at approximately $89,000. Finally, Bank of America Corp DE grew its position in shares of Star Group by 91.7% in the third quarter. Bank of America Corp DE now owns 11,844 shares of the pipeline company’s stock valued at $140,000 after purchasing an additional 5,667 shares in the last quarter. Institutional investors and hedge funds own 40.36% of the company’s stock.

Star Group Stock Up 0.8%

Shares of NYSE:SGU opened at $13.15 on Thursday. The company has a market capitalization of $432.36 million, a price-to-earnings ratio of 8.32 and a beta of 0.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.74 and a quick ratio of 0.58. The business’s 50-day moving average is $12.59 and its 200-day moving average is $12.06. Star Group has a 1 year low of $11.31 and a 1 year high of $13.75.

Star Group (NYSE:SGU) last released its earnings results on Wednesday, February 4th. The pipeline company reported $0.89 EPS for the quarter. The business had revenue of $539.26 million during the quarter. Star Group had a return on equity of 23.03% and a net margin of 4.16%.

Star Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, January 26th were issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Monday, January 26th. Star Group’s dividend payout ratio (DPR) is presently 46.84%.

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. It also sells gasoline and diesel fuel to approximately 26,600 customers.