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

Star Group, L.P. (NYSE:SGU)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.54 and traded as high as $12.72. Star Group shares last traded at $12.36, with a volume of 28,562 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Star Group Stock Performance

The company has a debt-to-equity ratio of 0.37, a current ratio of 0.99 and a quick ratio of 0.81. The company has a market capitalization of $405.78 million, a price-to-earnings ratio of 5.54 and a beta of 0.34. The stock has a 50 day simple moving average of $12.71 and a two-hundred day simple moving average of $12.54.

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

Star Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Monday, April 27th were given a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 6.4%. This is an increase from Star Group’s previous quarterly dividend of $0.19. The ex-dividend date was Monday, April 27th. Star Group’s payout ratio is presently 35.43%.

Institutional Trading of Star Group

A number of hedge funds and other institutional investors have recently made changes to their positions in SGU. Royal Bank of Canada increased its position in shares of 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 worth $25,000 after purchasing an additional 2,124 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of Star Group by 181.5% during the second quarter. Osaic Holdings Inc. now owns 5,199 shares of the pipeline company’s stock worth $61,000 after purchasing an additional 3,352 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Star Group during the fourth quarter worth about $80,000. Raymond James Financial Inc. acquired a new stake in shares of Star Group during the second quarter worth about $89,000. Finally, Bank of America Corp DE increased its position in shares of Star Group by 91.7% during the third quarter. Bank of America Corp DE now owns 11,844 shares of the pipeline company’s stock worth $140,000 after purchasing an additional 5,667 shares in the last quarter. Institutional investors and hedge funds 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.