Star Group (NYSE:SGU) Shares Pass Above Two Hundred Day Moving Average of $10.95

Shares of Star Group, L.P. (NYSE:SGU) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.95 and traded as high as $12.23. Star Group shares last traded at $12.10, with a volume of 17,817 shares trading hands.

Star Group Stock Down 0.3 %

The company has a quick ratio of 0.61, a current ratio of 0.74 and a debt-to-equity ratio of 0.37. The business has a 50-day simple moving average of $11.36 and a two-hundred day simple moving average of $10.95. The stock has a market capitalization of $426.28 million, a P/E ratio of 18.33 and a beta of 0.42.

Star Group (NYSE:SGU) last issued its earnings results on Wednesday, July 31st. The pipeline company reported ($0.31) EPS for the quarter. The firm had revenue of $331.64 million during the quarter. Star Group had a net margin of 2.82% and a return on equity of 17.25%.

Star Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were paid a dividend of $0.1725 per share. The ex-dividend date of this dividend was Monday, July 29th. This represents a $0.69 annualized dividend and a yield of 5.70%. Star Group’s dividend payout ratio is 104.55%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SGU. Cove Street Capital LLC increased its holdings in Star Group by 15.6% during the 2nd quarter. Cove Street Capital LLC now owns 18,500 shares of the pipeline company’s stock valued at $197,000 after purchasing an additional 2,500 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Star Group by 0.3% in the second quarter. Renaissance Technologies LLC now owns 998,445 shares of the pipeline company’s stock worth $10,623,000 after purchasing an additional 2,800 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Star Group during the second quarter worth $124,000. Acadian Asset Management LLC acquired a new stake in shares of Star Group in the second quarter valued at $232,000. Finally, Blackstone Inc. raised its holdings in shares of Star Group by 36.5% in the first quarter. Blackstone Inc. now owns 116,684 shares of the pipeline company’s stock valued at $1,169,000 after buying an additional 31,200 shares during the last quarter. 40.36% of the stock is owned by institutional investors and hedge funds.

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.