Star Group (NYSE:SGU) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Star Group, L.P. (NYSE:SGU)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.19 and traded as high as $13.12. Star Group shares last traded at $12.91, with a volume of 23,041 shares.

Wall Street Analyst Weigh In

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 Performance

The company has a market capitalization of $446.61 million, a price-to-earnings ratio of 12.42 and a beta of 0.35. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.63. The stock has a 50 day simple moving average of $13.03 and a 200 day simple moving average of $12.20.

Star Group (NYSE:SGU) last released its quarterly earnings data 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 Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 5.34%. The ex-dividend date was Monday, January 27th. Star Group’s payout ratio is currently 66.35%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. MGO One Seven LLC raised its stake in shares of Star Group by 7.9% in the 4th quarter. MGO One Seven LLC now owns 17,193 shares of the pipeline company’s stock worth $198,000 after buying an additional 1,255 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Star Group by 7.7% during the 4th quarter. LPL Financial LLC now owns 17,932 shares of the pipeline company’s stock worth $207,000 after acquiring an additional 1,276 shares in the last quarter. 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 stake in shares of Star Group during the fourth quarter valued at $26,000. Finally, Jones Financial Companies Lllp purchased a new position in shares of Star Group during the fourth quarter valued at $27,000. 40.36% of the stock is owned by institutional investors and hedge funds.

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.