Suburban Propane Partners (NYSE:SPH) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Suburban Propane Partners, L.P. (NYSE:SPH) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.21 and traded as high as $19.80. Suburban Propane Partners shares last traded at $19.71, with a volume of 205,427 shares.

Suburban Propane Partners Stock Up 0.4 %

The stock’s fifty day moving average price is $18.33 and its 200-day moving average price is $18.21. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 17.29 and a beta of 0.48. The company has a quick ratio of 0.33, a current ratio of 0.51 and a debt-to-equity ratio of 2.21.

Suburban Propane Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.325 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.60%. Suburban Propane Partners’s dividend payout ratio is 114.04%.

Insider Activity

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

Institutional Trading of Suburban Propane Partners

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of Suburban Propane Partners by 31.8% in the third quarter. JPMorgan Chase & Co. now owns 643,916 shares of the energy company’s stock valued at $11,552,000 after acquiring an additional 155,360 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Suburban Propane Partners by 3.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 50,029 shares of the energy company’s stock worth $898,000 after purchasing an additional 1,818 shares in the last quarter. Simplicity Wealth LLC increased its holdings in shares of Suburban Propane Partners by 4.2% during the third quarter. Simplicity Wealth LLC now owns 22,963 shares of the energy company’s stock worth $412,000 after purchasing an additional 936 shares during the period. Greenup Street Wealth Management LLC raised its position in shares of Suburban Propane Partners by 8.1% in the third 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 in the last quarter. Finally, Captrust Financial Advisors bought a new stake in shares of Suburban Propane Partners in the third quarter valued at approximately $270,000. Institutional investors own 30.94% of the company’s stock.

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.