Star Group (NYSE:SGU) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Star Group, L.P. (NYSE:SGU) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.58 and traded as high as $13.06. Star Group shares last traded at $13.05, with a volume of 16,643 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Star Group Price Performance

The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $422.08 million, a price-to-earnings ratio of 5.76 and a beta of 0.34. The stock has a fifty day moving average of $12.74 and a two-hundred day moving average of $12.58.

Star Group (NYSE:SGU) last posted its quarterly earnings data on Wednesday, May 6th. The pipeline company reported $2.66 earnings per share for the quarter. The firm had revenue of $766.72 million during the quarter. Star Group had a net margin of 5.31% and a return on equity of 28.64%.

Star Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Monday, April 27th were paid a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a dividend yield of 6.1%. This is a boost from Star Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, April 27th. Star Group’s payout ratio is currently 35.43%.

Institutional Trading of Star Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atom Investors LP boosted its stake in shares of Star Group by 11.4% in the 4th quarter. Atom Investors LP now owns 20,586 shares of the pipeline company’s stock valued at $244,000 after purchasing an additional 2,110 shares during the last quarter. Royal Bank of Canada grew its position in shares of Star Group by 5,446.2% during the 4th quarter. Royal Bank of Canada now owns 2,163 shares of the pipeline company’s stock worth $25,000 after buying an additional 2,124 shares during the period. LPL Financial LLC raised its stake in shares of Star Group by 14.6% during the fourth quarter. LPL Financial LLC now owns 17,169 shares of the pipeline company’s stock worth $203,000 after buying an additional 2,188 shares during the last quarter. UBS Group AG raised its stake in shares of Star Group by 6.8% during the third quarter. UBS Group AG now owns 52,025 shares of the pipeline company’s stock worth $615,000 after buying an additional 3,333 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in Star Group by 181.5% in the second quarter. Osaic Holdings Inc. now owns 5,199 shares of the pipeline company’s stock valued at $61,000 after buying an additional 3,352 shares during the period. 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. It also sells gasoline and diesel fuel to approximately 26,600 customers.