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

Shares of Star Group, L.P. (NYSE:SGU) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.18 and traded as high as $12.65. Star Group shares last traded at $12.5050, with a volume of 14,244 shares trading hands.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. 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. 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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Star Group Trading Up 1.1%

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 stock has a market capitalization of $411.16 million, a price-to-earnings ratio of 7.91 and a beta of 0.35. The business has a 50 day simple moving average of $12.79 and a 200-day simple moving average of $12.18.

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

Star Group Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Lubar & Co. Inc bought a new stake in shares of Star Group during the fourth quarter worth $15,344,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Star Group by 91.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 104,083 shares of the pipeline company’s stock worth $1,231,000 after acquiring an additional 49,640 shares during the period. UBS Group AG lifted its position in Star Group by 6.8% in the 3rd quarter. UBS Group AG now owns 52,025 shares of the pipeline company’s stock valued at $615,000 after acquiring an additional 3,333 shares in the last quarter. GSA Capital Partners LLP lifted its position in Star Group by 23.0% in the 3rd quarter. GSA Capital Partners LLP now owns 35,534 shares of the pipeline company’s stock valued at $420,000 after acquiring an additional 6,651 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Star Group by 77.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 31,891 shares of the pipeline company’s stock worth $378,000 after purchasing an additional 13,887 shares during the period. Institutional investors own 40.36% of the company’s stock.

About Star Group

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.