Stifel Financial Corp Sells 1,404 Shares of Suburban Propane Partners, L.P. (NYSE:SPH)

Stifel Financial Corp decreased its stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 26,481 shares of the energy company’s stock after selling 1,404 shares during the quarter. Stifel Financial Corp’s holdings in Suburban Propane Partners were worth $475,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors bought a new stake in shares of Suburban Propane Partners during the third quarter valued at approximately $270,000. Oppenheimer & Co. Inc. boosted its stake in Suburban Propane Partners by 7.9% during the third quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company’s stock worth $197,000 after buying an additional 800 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Suburban Propane Partners by 3.8% during the third quarter. Janney Montgomery Scott LLC now owns 50,029 shares of the energy company’s stock worth $898,000 after buying an additional 1,818 shares in the last quarter. Greenup Street Wealth Management LLC increased its holdings in Suburban Propane Partners by 8.1% in the 3rd quarter. Greenup Street Wealth Management LLC now owns 22,425 shares of the energy company’s stock valued at $402,000 after buying an additional 1,675 shares during the period. Finally, Simplicity Wealth LLC raised its stake in shares of Suburban Propane Partners by 4.2% in the 3rd quarter. Simplicity Wealth LLC now owns 22,963 shares of the energy company’s stock valued at $412,000 after buying an additional 936 shares in the last quarter. Institutional investors own 30.94% of the company’s stock.

Insider Transactions at Suburban Propane Partners

In other news, VP Craig Palleschi sold 2,800 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $17.72, for a total transaction of $49,616.00. Following the sale, the vice president now owns 21,898 shares in the company, valued at approximately $388,032.56. This represents a 11.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP A Davin Dambrosio sold 6,500 shares of Suburban Propane Partners stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total value of $122,850.00. Following the completion of the transaction, the vice president now directly owns 76,176 shares of the company’s stock, valued at $1,439,726.40. This represents a 7.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Suburban Propane Partners Price Performance

Shares of SPH stock opened at $17.29 on Friday. The stock’s fifty day simple moving average is $18.50 and its 200 day simple moving average is $18.36. Suburban Propane Partners, L.P. has a one year low of $15.20 and a one year high of $21.55. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 15.17 and a beta of 0.45. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.51 and a quick ratio of 0.33.

Suburban Propane Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were paid a $0.325 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $1.30 annualized dividend and a dividend yield of 7.52%. Suburban Propane Partners’s dividend payout ratio is presently 114.04%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lowered 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 research report on Friday, August 30th.

About Suburban Propane Partners

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.