Suburban Propane Partners LP (NYSE:SPH) Director Jane Swift sold 2,700 shares of the firm’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $23.13, for a total value of $62,451.00. Following the completion of the transaction, the director now owns 25,080 shares in the company, valued at approximately $580,100.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Suburban Propane Partners stock opened at $22.34 on Thursday. Suburban Propane Partners LP has a 12-month low of $21.85 and a 12-month high of $26.73. The company has a current ratio of 0.72, a quick ratio of 0.45 and a debt-to-equity ratio of 2.54. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 3.66 and a beta of 0.55.

Suburban Propane Partners (NYSE:SPH) last released its earnings results on Thursday, November 15th. The energy company reported ($0.83) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.86) by $0.03. Suburban Propane Partners had a return on equity of 13.56% and a net margin of 5.69%. The firm had revenue of $192.92 million for the quarter, compared to analysts’ expectations of $189.92 million. As a group, equities analysts anticipate that Suburban Propane Partners LP will post 1.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 13th. Shareholders of record on Tuesday, November 6th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 10.74%. The ex-dividend date of this dividend was Monday, November 5th. Suburban Propane Partners’s dividend payout ratio is presently 193.55%.

SPH has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Suburban Propane Partners from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, October 24th. ValuEngine upgraded Suburban Propane Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.75.

A number of institutional investors have recently added to or reduced their stakes in SPH. Abrams Capital Management L.P. grew its holdings in shares of Suburban Propane Partners by 5.5% during the third quarter. Abrams Capital Management L.P. now owns 2,988,346 shares of the energy company’s stock worth $70,316,000 after purchasing an additional 156,237 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Suburban Propane Partners by 10.5% during the second quarter. CIBC Private Wealth Group LLC now owns 1,066,387 shares of the energy company’s stock worth $25,049,000 after purchasing an additional 100,969 shares during the last quarter. HITE Hedge Asset Management LLC grew its holdings in shares of Suburban Propane Partners by 5.8% during the second quarter. HITE Hedge Asset Management LLC now owns 654,958 shares of the energy company’s stock worth $15,385,000 after purchasing an additional 35,991 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Suburban Propane Partners by 2.6% during the third quarter. Bank of Montreal Can now owns 332,710 shares of the energy company’s stock worth $7,829,000 after purchasing an additional 8,573 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Suburban Propane Partners by 468.4% during the second quarter. Renaissance Technologies LLC now owns 216,067 shares of the energy company’s stock worth $5,075,000 after purchasing an additional 178,057 shares during the last quarter. Hedge funds and other institutional investors own 30.57% of the company’s stock.

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Suburban Propane Partners Company Profile

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. Its Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users.

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