Friedberg Investment Management boosted its holdings in shares of Sprague Resources LP (NYSE:SRLP) by 597.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,879 shares of the oil and gas company’s stock after buying an additional 49,579 shares during the period. Friedberg Investment Management owned approximately 0.26% of Sprague Resources worth $1,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Creative Planning increased its position in Sprague Resources by 81.8% during the 2nd quarter. Creative Planning now owns 4,570 shares of the oil and gas company’s stock valued at $129,000 after buying an additional 2,056 shares in the last quarter. Virtu KCG Holdings LLC acquired a new position in Sprague Resources during the 2nd quarter valued at about $255,000. Fort Washington Investment Advisors Inc. OH increased its position in Sprague Resources by 12.8% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 10,194 shares of the oil and gas company’s stock valued at $287,000 after buying an additional 1,158 shares in the last quarter. UBS Group AG increased its position in Sprague Resources by 79.3% during the 1st quarter. UBS Group AG now owns 19,273 shares of the oil and gas company’s stock valued at $522,000 after buying an additional 8,523 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Sprague Resources by 19.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,396 shares of the oil and gas company’s stock valued at $857,000 after buying an additional 5,053 shares in the last quarter. 24.63% of the stock is currently owned by institutional investors.

Sprague Resources LP (NYSE SRLP) traded down 3.10% during mid-day trading on Friday, reaching $25.00. The company’s stock had a trading volume of 19,760 shares. Sprague Resources LP has a one year low of $22.50 and a one year high of $30.75. The stock’s 50 day moving average is $25.36 and its 200 day moving average is $26.65. The firm has a market cap of $563.58 million, a PE ratio of 12.46 and a beta of 1.38.

Sprague Resources (NYSE:SRLP) last posted its earnings results on Wednesday, August 9th. The oil and gas company reported ($0.39) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.40). Sprague Resources had a return on equity of 29.64% and a net margin of 1.77%. The firm had revenue of $513.63 million for the quarter, compared to analyst estimates of $529.66 million. On average, analysts anticipate that Sprague Resources LP will post $4.00 EPS for the current year.

Several research analysts recently issued reports on the company. BidaskClub raised Sprague Resources from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research lowered Sprague Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Sprague Resources presently has a consensus rating of “Hold” and a consensus target price of $33.00.

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Sprague Resources Profile

Institutional Ownership by Quarter for Sprague Resources (NYSE:SRLP)

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