Star Group (NYSE:SGU) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Star Group, L.P. (NYSE:SGU) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.47 and traded as high as $12.85. Star Group shares last traded at $12.6590, with a volume of 30,469 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Star Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Star Group Stock Up 0.9%

The stock’s fifty day moving average is $12.66 and its two-hundred day moving average is $12.47. 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 market capitalization of $415.59 million, a PE ratio of 5.68 and a beta of 0.34.

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

Star Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Monday, April 27th were issued a $0.1975 dividend. This is an increase from Star Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, April 27th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 6.2%. Star Group’s payout ratio is presently 35.43%.

Hedge Funds Weigh In On Star Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lubar & Co. Inc purchased a new position in shares of Star Group in the 4th quarter worth about $15,344,000. Renaissance Technologies LLC boosted its holdings in shares of Star Group by 1.1% in the 1st quarter. Renaissance Technologies LLC now owns 910,108 shares of the pipeline company’s stock worth $11,176,000 after buying an additional 10,281 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Star Group by 14.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 129,080 shares of the pipeline company’s stock valued at $1,585,000 after purchasing an additional 16,544 shares during the last quarter. UBS Group AG lifted its holdings in Star Group by 6.8% during the third quarter. UBS Group AG now owns 52,025 shares of the pipeline company’s stock valued at $615,000 after purchasing an additional 3,333 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in Star Group by 23.0% during the third quarter. GSA Capital Partners LLP now owns 35,534 shares of the pipeline company’s stock valued at $420,000 after purchasing an additional 6,651 shares during the last quarter. 40.36% of the stock is owned by hedge funds and other institutional investors.

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.