Star Group (NYSE:SGU) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Star Group, L.P. (NYSE:SGU)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.59 and traded as high as $11.90. Star Group shares last traded at $11.83, with a volume of 27,349 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Star Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th.

Star Group Stock Up 2.4 %

The company has a quick ratio of 0.64, a current ratio of 0.75 and a debt-to-equity ratio of 0.71. The firm has a 50 day simple moving average of $11.78 and a 200-day simple moving average of $11.59. The stock has a market cap of $409.06 million, a P/E ratio of 20.75 and a beta of 0.48.

Star Group (NYSE:SGU) last announced its earnings results on Wednesday, December 4th. The pipeline company reported ($1.00) earnings per share for the quarter. Star Group had a return on equity of 12.01% and a net margin of 1.99%.

Star Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Monday, January 27th will be paid a dividend of $0.1725 per share. The ex-dividend date is Monday, January 27th. This represents a $0.69 dividend on an annualized basis and a yield of 5.83%. Star Group’s dividend payout ratio (DPR) is presently 121.05%.

Hedge Funds Weigh In On Star Group

A number of hedge funds have recently added to or reduced their stakes in SGU. Crews Bank & Trust acquired a new stake in shares of Star Group in the 4th quarter valued at $25,000. American Century Companies Inc. acquired a new position in Star Group during the 2nd quarter worth about $124,000. GSA Capital Partners LLP raised its position in shares of Star Group by 89.4% in the 3rd quarter. GSA Capital Partners LLP now owns 22,884 shares of the pipeline company’s stock worth $269,000 after acquiring an additional 10,799 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Star Group in the 3rd quarter worth about $566,000. Finally, JPMorgan Chase & Co. raised its position in shares of Star Group by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 622,573 shares of the pipeline company’s stock worth $7,309,000 after acquiring an additional 66,806 shares in the last quarter. Institutional investors own 40.36% of the company’s stock.

About Star Group

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.