Star Group (NYSE:SGU) Shares Cross Above 200 Day Moving Average – What’s Next?

Star Group, L.P. (NYSE:SGU)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.13 and traded as high as $12.82. Star Group shares last traded at $12.5850, with a volume of 18,143 shares.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SGU shares. Weiss Ratings raised Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 13th. Wall Street Zen upgraded shares of Star Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Star Group Stock Down 2.6%

The company has a debt-to-equity ratio of 0.50, a current ratio of 0.74 and a quick ratio of 0.58. The business has a 50 day moving average of $12.76 and a 200 day moving average of $12.14. The firm has a market capitalization of $403.60 million, a price-to-earnings ratio of 7.77 and a beta of 0.35.

Star Group (NYSE:SGU) last released its quarterly earnings data on Wednesday, February 4th. The pipeline company reported $0.89 earnings per share for the quarter. Star Group had a return on equity of 23.03% and a net margin of 4.16%.The company had revenue of $539.26 million for the quarter.

Star Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, January 26th were given a dividend of $0.185 per share. The ex-dividend date was Monday, January 26th. This represents a $0.74 dividend on an annualized basis and a yield of 6.0%. Star Group’s dividend payout ratio is 46.84%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lubar & Co. Inc acquired a new position in shares of Star Group during the fourth quarter worth approximately $15,344,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Star Group by 91.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 104,083 shares of the pipeline company’s stock valued at $1,231,000 after acquiring an additional 49,640 shares during the period. UBS Group AG increased its position in Star Group by 6.8% in the third quarter. UBS Group AG now owns 52,025 shares of the pipeline company’s stock worth $615,000 after purchasing an additional 3,333 shares during the period. GSA Capital Partners LLP raised its holdings in Star Group by 23.0% during the 3rd quarter. GSA Capital Partners LLP now owns 35,534 shares of the pipeline company’s stock worth $420,000 after purchasing an additional 6,651 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Star Group by 77.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 31,891 shares of the pipeline company’s stock valued at $378,000 after purchasing an additional 13,887 shares during the period. Institutional investors and hedge funds 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. It also sells gasoline and diesel fuel to approximately 26,600 customers.