Star Group (NYSE:SGU) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Star Group, L.P. (NYSE:SGU)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.58 and traded as high as $13.06. Star Group shares last traded at $13.05, with a volume of 16,643 shares traded.

Analyst Ratings Changes

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

Star Group Stock Performance

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 firm has a market capitalization of $428.43 million, a PE ratio of 5.85 and a beta of 0.34. The stock’s 50 day moving average price is $12.73 and its two-hundred day moving average price is $12.58.

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

Star Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Monday, April 27th were issued a $0.1975 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 6.1%. This is a positive change from Star Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, April 27th. Star Group’s payout ratio is presently 35.43%.

Institutional Trading of Star Group

Large investors have recently made changes to their positions in the stock. Atom Investors LP grew its holdings in shares of Star Group by 11.4% during the fourth quarter. Atom Investors LP now owns 20,586 shares of the pipeline company’s stock worth $244,000 after buying an additional 2,110 shares in the last quarter. Royal Bank of Canada lifted its stake 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 valued at $25,000 after buying an additional 2,124 shares during the period. LPL Financial LLC lifted its stake in shares of Star Group by 14.6% during the fourth quarter. LPL Financial LLC now owns 17,169 shares of the pipeline company’s stock valued at $203,000 after buying an additional 2,188 shares during the period. UBS Group AG boosted its position in Star Group by 6.8% during the third quarter. UBS Group AG now owns 52,025 shares of the pipeline company’s stock worth $615,000 after acquiring an additional 3,333 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position in 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 acquiring an additional 3,352 shares during the last quarter. Institutional investors and hedge funds 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.