Suburban Propane Partners, L.P. (NYSE:SPH) VP Sandra N. Zwickel sold 4,175 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $24.10, for a total value of $100,617.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Suburban Propane Partners, L.P. (NYSE SPH) traded up $0.50 during mid-day trading on Friday, hitting $24.14. The company had a trading volume of 285,100 shares, compared to its average volume of 318,264. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.66 and a quick ratio of 0.41. The firm has a market cap of $1,469.05, a price-to-earnings ratio of 39.23 and a beta of 0.68. Suburban Propane Partners, L.P. has a 1-year low of $22.71 and a 1-year high of $32.17.

Suburban Propane Partners (NYSE:SPH) last posted its earnings results on Thursday, November 16th. The energy company reported ($0.83) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.87) by $0.04. The business had revenue of $197.11 million for the quarter, compared to analyst estimates of $187.97 million. Suburban Propane Partners had a return on equity of 5.81% and a net margin of 3.20%. The firm’s revenue was up 22.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.99) EPS. research analysts predict that Suburban Propane Partners, L.P. will post 1.45 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.94%. The ex-dividend date was Monday, November 6th. Suburban Propane Partners’s payout ratio is presently 393.44%.

Several research analysts have weighed in on the company. Zacks Investment Research raised Suburban Propane Partners from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Tuesday, October 17th. Stifel Nicolaus reaffirmed a “hold” rating and set a $25.00 price target on shares of Suburban Propane Partners in a research report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $27.00.

Several hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in shares of Suburban Propane Partners by 42.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,060,051 shares of the energy company’s stock worth $27,455,000 after acquiring an additional 314,973 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Suburban Propane Partners by 18.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 967,175 shares of the energy company’s stock worth $23,009,000 after acquiring an additional 150,423 shares during the last quarter. ING Groep NV increased its holdings in shares of Suburban Propane Partners by 300.2% during the 3rd quarter. ING Groep NV now owns 430,602 shares of the energy company’s stock worth $11,234,000 after acquiring an additional 323,000 shares during the last quarter. Abrams Capital Management L.P. acquired a new position in shares of Suburban Propane Partners during the 2nd quarter worth approximately $9,254,000. Finally, HITE Hedge Asset Management LLC increased its holdings in shares of Suburban Propane Partners by 1,349.6% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 325,112 shares of the energy company’s stock worth $7,734,000 after acquiring an additional 302,684 shares during the last quarter. 25.98% of the stock is currently owned by institutional investors and hedge funds.

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About Suburban Propane Partners

Suburban Propane Partners, L.P. is a marketer and distributor of a range of products. The Company specializes in the distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. The Company’s segments include Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.

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