Star Group (NYSE:SGU) Cut to “Buy” at Wall Street Zen

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

Separately, Weiss Ratings cut shares of Star Group from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Star Group Trading Down 0.9%

Shares of NYSE:SGU opened at $12.52 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.87 and a debt-to-equity ratio of 0.39. Star Group has a 52-week low of $11.37 and a 52-week high of $13.53. The stock has a market cap of $410.78 million, a price-to-earnings ratio of 6.70 and a beta of 0.33. The business has a 50-day moving average price of $12.77 and a 200-day moving average price of $12.76.

Star Group (NYSE:SGU) last issued its earnings results on Wednesday, August 5th. The pipeline company reported ($0.84) EPS for the quarter. Star Group had a net margin of 4.57% and a return on equity of 24.43%. The firm had revenue of $358.07 million during the quarter.

Star Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Monday, July 27th were given a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Monday, July 27th. Star Group’s dividend payout ratio (DPR) is currently 42.25%.

Hedge Funds Weigh In On Star Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in shares of Star Group by 5,446.2% in the fourth 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 last quarter. Osaic Holdings Inc. raised its position in Star Group by 181.5% during the second quarter. Osaic Holdings Inc. now owns 5,199 shares of the pipeline company’s stock valued at $61,000 after acquiring an additional 3,352 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Star Group during the fourth quarter valued at approximately $80,000. Raymond James Financial Inc. acquired a new position in Star Group in the second quarter valued at approximately $89,000. Finally, Bank of America Corp DE lifted its holdings in Star Group by 91.7% in the third quarter. Bank of America Corp DE now owns 11,844 shares of the pipeline company’s stock valued at $140,000 after acquiring an additional 5,667 shares during the period. Institutional investors and hedge funds own 40.36% of the company’s stock.

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.