Star Group (NYSE:SGU) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Star Group, L.P. (NYSE:SGU)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.94 and traded as high as $13.20. Star Group shares last traded at $13.04, with a volume of 31,891 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Star Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 7th.

Star Group Price Performance

The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.66 and a current ratio of 0.83. The company has a market capitalization of $450.75 million, a PE ratio of 12.54 and a beta of 0.46. The company’s 50-day simple moving average is $12.28 and its 200-day simple moving average is $11.94.

Star Group (NYSE:SGU) last announced its earnings results on Wednesday, February 5th. The pipeline company reported $0.79 earnings per share 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 business also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, January 27th were paid a $0.1725 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $0.69 annualized dividend and a dividend yield of 5.29%. Star Group’s dividend payout ratio (DPR) is currently 66.35%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Crews Bank & Trust acquired a new stake in shares of Star Group during the fourth quarter worth $25,000. State of Tennessee Department of Treasury purchased a new position in Star Group during the 4th quarter worth $26,000. Jones Financial Companies Lllp acquired a new stake in shares of Star Group in the 4th quarter worth $27,000. Roxbury Financial LLC purchased a new stake in shares of Star Group in the fourth quarter valued at about $122,000. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of Star Group in the fourth quarter valued at about $144,000. Institutional investors and hedge funds own 40.36% of the company’s stock.

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.