Star Group (NYSE:SGU) Shares Cross Above 200 Day Moving Average – Here’s Why

Star Group, L.P. (NYSE:SGU) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.07 and traded as high as $13.26. Star Group shares last traded at $13.03, with a volume of 26,046 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Star Group from a “buy” rating to a “strong-buy” rating in a report on Friday, February 7th.

Star Group Stock Down 0.0 %

The company has a market cap of $450.24 million, a price-to-earnings ratio of 12.52 and a beta of 0.46. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.83 and a quick ratio of 0.66. The firm has a 50-day moving average price of $12.67 and a 200 day moving average price of $12.07.

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

Star Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, January 27th were paid a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 5.30%. The ex-dividend date of this dividend was Monday, January 27th. Star Group’s dividend payout ratio (DPR) is 66.35%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Crews Bank & Trust acquired a new stake in shares of Star Group in the fourth quarter valued at approximately $25,000. State of Tennessee Department of Treasury bought a new position in Star Group in the 4th quarter valued at about $26,000. Jones Financial Companies Lllp acquired a new position in shares of Star Group in the 4th quarter valued at approximately $27,000. Roxbury Financial LLC acquired a new position in shares of Star Group in the 4th quarter valued at approximately $122,000. Finally, Cary Street Partners Financial LLC bought a new stake in shares of Star Group during the 4th quarter worth approximately $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.