Star Group (NYSE:SGU) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Star Group, L.P. (NYSE:SGU)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.13 and traded as high as $12.82. Star Group shares last traded at $12.5850, with a volume of 18,143 shares trading hands.

Analysts Set New Price Targets

SGU has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Star Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Weiss Ratings raised shares of Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Star Group currently has a consensus rating of “Buy”.

Star Group Trading Down 1.2%

The firm has a market capitalization of $413.79 million, a price-to-earnings ratio of 7.97 and a beta of 0.35. The company has a fifty day moving average price of $12.75 and a 200-day moving average price of $12.13. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 0.50.

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

Star Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, January 26th were given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Monday, January 26th. Star Group’s payout ratio is currently 46.84%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Atom Investors LP lifted its stake in shares of Star Group by 11.4% in the 4th quarter. Atom Investors LP now owns 20,586 shares of the pipeline company’s stock valued at $244,000 after purchasing an additional 2,110 shares during the last quarter. Royal Bank of Canada raised its holdings in Star Group by 5,446.2% during the fourth quarter. Royal Bank of Canada now owns 2,163 shares of the pipeline company’s stock valued at $25,000 after buying an additional 2,124 shares in the last quarter. Kestra Advisory Services LLC bought a new position in Star Group during the fourth quarter valued at about $80,000. LPL Financial LLC lifted its position in shares of Star Group by 14.6% in the fourth quarter. LPL Financial LLC now owns 17,169 shares of the pipeline company’s stock worth $203,000 after buying an additional 2,188 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Star Group by 77.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 31,891 shares of the pipeline company’s stock worth $378,000 after buying an additional 13,887 shares during the last quarter. 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.