Star Group (NYSE:SGU) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Star Group, L.P. (NYSE:SGU) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.81 and traded as high as $13.01. Star Group shares last traded at $12.89, with a volume of 38,194 shares trading hands.

Analyst Ratings Changes

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

Star Group Stock Down 0.1 %

The stock has a market cap of $445.57 million, a price-to-earnings ratio of 12.39 and a beta of 0.48. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average is $11.90 and its two-hundred day moving average is $11.81.

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

Star Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, January 27th were paid a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date was Monday, January 27th. Star Group’s dividend payout ratio is presently 66.35%.

Hedge Funds Weigh In On Star Group

Several institutional investors have recently added to or reduced their stakes in SGU. MGO One Seven LLC increased its stake in shares of Star Group by 7.9% during the 4th quarter. MGO One Seven LLC now owns 17,193 shares of the pipeline company’s stock valued at $198,000 after acquiring an additional 1,255 shares during the last quarter. LPL Financial LLC grew its holdings in Star Group by 7.7% in the fourth quarter. LPL Financial LLC now owns 17,932 shares of the pipeline company’s stock valued at $207,000 after purchasing an additional 1,276 shares during the period. Crews Bank & Trust acquired a new position in Star Group during the fourth quarter worth approximately $25,000. State of Tennessee Department of Treasury purchased a new position in Star Group during the fourth quarter worth approximately $26,000. Finally, Jones Financial Companies Lllp acquired a new position in shares of Star Group in the 4th quarter valued at $27,000. 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.