Suburban Propane Partners, L.P. (NYSE:SPH) Shares Sold by Barclays PLC

Barclays PLC lowered its position in Suburban Propane Partners, L.P. (NYSE:SPH) by 20.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,520 shares of the energy company’s stock after selling 647 shares during the period. Barclays PLC’s holdings in Suburban Propane Partners were worth $45,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Oppenheimer & Co. Inc. raised its stake in Suburban Propane Partners by 7.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company’s stock valued at $197,000 after purchasing an additional 800 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of Suburban Propane Partners during the third quarter worth $270,000. Simplicity Wealth LLC raised its position in shares of Suburban Propane Partners by 4.2% in the third 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 during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of Suburban Propane Partners in the second quarter worth about $193,000. Finally, Janney Montgomery Scott LLC boosted its position 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 acquiring an additional 1,818 shares during the last quarter. 30.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Suburban Propane Partners

In related news, VP Craig Palleschi sold 2,800 shares of the business’s 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 $388,032.56. The trade was a 11.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP A Davin Dambrosio sold 6,500 shares of the stock in a transaction that occurred on 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 sale, the vice president now directly owns 76,176 shares of the company’s stock, valued at $1,439,726.40. The trade was 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 corporate insiders.

Suburban Propane Partners Stock Up 2.1 %

NYSE SPH opened at $19.57 on Friday. 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, L.P. has a 52 week low of $15.20 and a 52 week high of $21.55. The business’s fifty day simple moving average is $18.44 and its 200-day simple moving average is $18.23. The firm has a market cap of $1.26 billion, a PE ratio of 17.16 and a beta of 0.48.

Suburban Propane Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th will be issued a $0.325 dividend. The ex-dividend date of this dividend is Tuesday, February 4th. This represents a $1.30 annualized dividend and a yield of 6.64%. Suburban Propane Partners’s dividend payout ratio (DPR) is presently 114.04%.

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.