Star Group (NYSE:SGU) Upgraded at StockNews.com

StockNews.com upgraded shares of Star Group (NYSE:SGU) from a buy rating to a strong-buy rating in a report published on Friday morning.

Star Group Trading Down 1.5 %

Shares of Star Group stock opened at $12.24 on Friday. Star Group has a 1 year low of $9.64 and a 1 year high of $12.99. The company’s fifty day simple moving average is $11.70 and its 200-day simple moving average is $11.66. The company has a market cap of $423.26 million, a price-to-earnings ratio of 11.77 and a beta of 0.48. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 0.63.

Star Group (NYSE:SGU) last posted its quarterly earnings results on Wednesday, February 5th. The pipeline company reported $0.79 earnings per share (EPS) for the quarter. Star Group had a net margin of 3.19% and a return on equity of 18.47%.

Star Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, January 27th were issued a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a dividend yield of 5.64%. The ex-dividend date of this dividend was Monday, January 27th. Star Group’s payout ratio is presently 66.35%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in Star Group during the fourth quarter worth $27,000. Roxbury Financial LLC acquired a new stake in shares of Star Group during the 4th quarter valued at about $122,000. Crews Bank & Trust bought a new stake in Star Group in the fourth quarter valued at about $25,000. JPMorgan Chase & Co. raised its position in Star Group by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 622,573 shares of the pipeline company’s stock worth $7,309,000 after purchasing an additional 66,806 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new position in Star Group during the third quarter worth about $566,000. 40.36% of the stock is currently owned by institutional investors and hedge funds.

Star Group Company Profile

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.