Star Group (NYSE:SGU) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Star Group, L.P. (NYSE:SGU) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.42 and traded as high as $12.77. Star Group shares last traded at $12.6250, with a volume of 20,710 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently commented on SGU shares. Weiss Ratings cut shares of Star Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. Wall Street Zen upgraded shares of Star Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Star Group Price Performance

The company has a market cap of $414.48 million, a price-to-earnings ratio of 5.66 and a beta of 0.36. The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average price of $12.64 and a two-hundred day moving average price of $12.42.

Star Group (NYSE:SGU) last issued its earnings results on Wednesday, May 6th. The pipeline company reported $2.66 EPS for the quarter. Star Group had a return on equity of 28.64% and a net margin of 5.31%.The business had revenue of $766.72 million during the quarter.

Star Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Monday, April 27th were issued a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Monday, April 27th. This is a positive change from Star Group’s previous quarterly dividend of $0.19. Star Group’s payout ratio is 35.43%.

Institutional Trading of Star Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SGU. Goldman Sachs Group Inc. bought a new position in Star Group during the first quarter worth about $231,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Star Group by 60.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 54,443 shares of the pipeline company’s stock valued at $637,000 after purchasing an additional 20,495 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Star Group in the 2nd quarter worth approximately $89,000. Osaic Holdings Inc. lifted its position 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 buying an additional 3,352 shares during the period. Finally, GSA Capital Partners LLP lifted its position in shares of Star Group by 23.0% during the 3rd quarter. GSA Capital Partners LLP now owns 35,534 shares of the pipeline company’s stock worth $420,000 after buying an additional 6,651 shares during the period. Institutional investors 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. It also sells gasoline and diesel fuel to approximately 26,600 customers.