Star Group (NYSE:SGU) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Star Group (NYSE:SGU) from a buy rating to a strong-buy rating in a research report report published on Saturday.

Separately, Weiss Ratings upgraded Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 13th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Star Group Stock Performance

NYSE:SGU opened at $12.64 on Friday. The firm’s fifty day simple moving average is $12.11 and its 200-day simple moving average is $11.87. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.56. The stock has a market cap of $416.87 million, a PE ratio of 8.54 and a beta of 0.35. Star Group has a fifty-two week low of $11.31 and a fifty-two week high of $13.75.

Star Group (NYSE:SGU) last released its quarterly earnings data on Monday, December 8th. The pipeline company reported ($0.84) EPS for the quarter. Star Group had a return on equity of 22.68% and a net margin of 4.12%.The company had revenue of $247.69 million for the quarter. During the same quarter in the prior year, the company posted ($1.00) earnings per share.

Star Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Monday, January 26th will be given a $0.185 dividend. The ex-dividend date is Monday, January 26th. This represents a $0.74 annualized dividend and a dividend yield of 5.9%. Star Group’s dividend payout ratio is currently 50.00%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its holdings in Star Group by 91.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 104,083 shares of the pipeline company’s stock valued at $1,231,000 after buying an additional 49,640 shares during the last quarter. UBS Group AG lifted its position in shares of Star Group by 6.8% in the third quarter. UBS Group AG now owns 52,025 shares of the pipeline company’s stock valued at $615,000 after acquiring an additional 3,333 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of Star Group by 23.0% during the third quarter. GSA Capital Partners LLP now owns 35,534 shares of the pipeline company’s stock valued at $420,000 after acquiring an additional 6,651 shares during the last quarter. Hyperion Capital Advisors LP purchased a new stake in Star Group during the 2nd quarter worth about $344,000. Finally, Cove Street Capital LLC increased its position in Star Group by 46.3% during the 3rd quarter. Cove Street Capital LLC now owns 25,600 shares of the pipeline company’s stock worth $303,000 after purchasing an additional 8,100 shares in the last quarter. 40.36% of the stock is currently 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. It also sells gasoline and diesel fuel to approximately 26,600 customers.