Oppenheimer & Co. Inc. Has $197,000 Stock Holdings in Suburban Propane Partners, L.P. (NYSE:SPH)

Oppenheimer & Co. Inc. lifted its holdings in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 7.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,961 shares of the energy company’s stock after buying an additional 800 shares during the period. Oppenheimer & Co. Inc.’s holdings in Suburban Propane Partners were worth $197,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its stake in Suburban Propane Partners by 33.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 199,405 shares of the energy company’s stock valued at $3,787,000 after purchasing an additional 50,212 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in Suburban Propane Partners during the second quarter worth approximately $418,000. LRI Investments LLC acquired a new stake in Suburban Propane Partners during the first quarter worth approximately $255,000. Foundry Partners LLC lifted its position in Suburban Propane Partners by 5.3% during the second quarter. Foundry Partners LLC now owns 221,247 shares of the energy company’s stock worth $4,201,000 after acquiring an additional 11,136 shares during the last quarter. Finally, Biechele Royce Advisors acquired a new stake in Suburban Propane Partners during the second quarter worth approximately $211,000. 30.94% of the stock is currently owned by institutional investors and hedge funds.

Suburban Propane Partners Stock Performance

Shares of Suburban Propane Partners stock opened at $18.66 on Friday. Suburban Propane Partners, L.P. has a fifty-two week low of $15.20 and a fifty-two week high of $22.33. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.65 and a quick ratio of 0.45. The firm has a market capitalization of $1.20 billion, a P/E ratio of 16.37 and a beta of 0.43. The company’s 50 day moving average price is $18.27 and its two-hundred day moving average price is $18.54.

Suburban Propane Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were given a $0.325 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.30 dividend on an annualized basis and a yield of 6.97%. Suburban Propane Partners’s dividend payout ratio is currently 114.04%.

Analyst Ratings Changes

SPH has been the topic of several recent research reports. Wells Fargo & Company cut shares of Suburban Propane Partners from an “equal weight” rating to an “underweight” rating and set a $17.00 target price on the stock. in a report on Friday, August 30th. StockNews.com cut shares of Suburban Propane Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th.

Insider Buying and Selling at Suburban Propane Partners

In other Suburban Propane Partners news, VP Craig Palleschi sold 2,800 shares of Suburban Propane Partners stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $17.72, for a total value of $49,616.00. Following the completion of the sale, the vice president now directly owns 21,898 shares of the company’s stock, valued at approximately $388,032.56. The trade was a 11.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Harold R. Logan, Jr. sold 2,500 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $17.37, for a total transaction of $43,425.00. Following the completion of the sale, the director now owns 37,015 shares in the company, valued at $642,950.55. This represents a 6.33 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Suburban Propane Partners Profile

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.