Star Group (NYSE:SGU) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Star Group, L.P. (NYSE:SGU) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.51 and traded as high as $12.83. Star Group shares last traded at $12.7950, with a volume of 12,458 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Star Group Trading Up 0.7%

The stock has a market cap of $420.06 million, a price-to-earnings ratio of 5.74 and a beta of 0.34. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.81 and a current ratio of 0.99. The company’s 50 day simple moving average is $12.70 and its two-hundred day simple moving average is $12.51.

Star Group (NYSE:SGU) last released its quarterly earnings data on Wednesday, May 6th. The pipeline company reported $2.66 earnings per share for the quarter. The firm 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Monday, April 27th were paid a dividend of $0.1975 per share. This is a positive change from Star Group’s previous quarterly dividend of $0.19. The ex-dividend date was Monday, April 27th. This represents a $0.79 annualized dividend and a dividend yield of 6.2%. Star Group’s dividend payout ratio (DPR) is currently 35.43%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Lubar & Co. Inc acquired a new position in Star Group in the 4th quarter valued at $15,344,000. Renaissance Technologies LLC grew its stake in Star Group by 1.1% in the 1st quarter. Renaissance Technologies LLC now owns 910,108 shares of the pipeline company’s stock valued at $11,176,000 after buying an additional 10,281 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Star Group by 14.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 129,080 shares of the pipeline company’s stock valued at $1,585,000 after buying an additional 16,544 shares during the last quarter. UBS Group AG grew its stake 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 buying an additional 3,333 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake 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 buying an additional 6,651 shares during the last quarter. 40.36% of the stock is currently owned by institutional investors and hedge funds.

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.