Star Group (NYSE:SGU) Stock Price Crosses Above Two Hundred Day Moving Average of $11.01

Star Group, L.P. (NYSE:SGU) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.01 and traded as high as $12.45. Star Group shares last traded at $12.10, with a volume of 31,170 shares.

Star Group Trading Up 3.1 %

The company has a current ratio of 0.74, a quick ratio of 0.61 and a debt-to-equity ratio of 0.37. The stock has a market cap of $419.39 million, a price-to-earnings ratio of 18.33 and a beta of 0.42. The company has a fifty day simple moving average of $11.49 and a 200-day simple moving average of $11.01.

Star Group (NYSE:SGU) last released its quarterly earnings results on Wednesday, July 31st. The pipeline company reported ($0.31) earnings per share (EPS) for the quarter. Star Group had a net margin of 2.82% and a return on equity of 17.25%. The firm had revenue of $331.64 million for the quarter.

Star Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were issued a $0.1725 dividend. The ex-dividend date was Monday, July 29th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.70%. Star Group’s payout ratio is currently 104.55%.

Hedge Funds Weigh In On Star Group

Several institutional investors and hedge funds have recently bought and sold shares of SGU. Blackstone Inc. lifted its position in shares of Star Group by 36.5% in the first quarter. Blackstone Inc. now owns 116,684 shares of the pipeline company’s stock worth $1,169,000 after purchasing an additional 31,200 shares in the last quarter. Cove Street Capital LLC lifted its position in Star Group by 15.6% in the 2nd quarter. Cove Street Capital LLC now owns 18,500 shares of the pipeline company’s stock worth $197,000 after buying an additional 2,500 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Star Group during the 2nd quarter valued at $232,000. American Century Companies Inc. purchased a new position in shares of Star Group during the 2nd quarter valued at $124,000. Finally, Renaissance Technologies LLC increased its stake in shares of Star Group by 0.3% in the second quarter. Renaissance Technologies LLC now owns 998,445 shares of the pipeline company’s stock worth $10,623,000 after acquiring an additional 2,800 shares during the last quarter. Hedge funds and other institutional investors 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.