Star Group (NYSE:SGU) Stock Passes Above 200 Day Moving Average – Time to Sell?

Star Group, L.P. (NYSE:SGU) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.75 and traded as high as $12.89. Star Group shares last traded at $12.73, with a volume of 31,788 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Star Group has a consensus rating of “Buy”.

Star Group Stock Down 0.6%

The stock has a market capitalization of $419.40 million, a P/E ratio of 5.73 and a beta of 0.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.99 and a quick ratio of 0.81. The stock has a fifty day moving average price of $12.78 and a 200 day moving average price of $12.75.

Star Group (NYSE:SGU) last issued its quarterly earnings data on Wednesday, August 5th. The pipeline company reported ($0.84) earnings per share (EPS) for the quarter. Star Group had a return on equity of 28.64% and a net margin of 5.31%.The company had revenue of $358.07 million for the quarter.

Star Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Monday, July 27th were issued a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Monday, July 27th. Star Group’s dividend payout ratio is 35.43%.

Institutional Trading of Star Group

Several institutional investors and hedge funds have recently bought and sold shares of SGU. Lubar & Co. Inc purchased a new position in Star Group during the fourth quarter worth about $15,344,000. Round Rock Advisors LLC raised its holdings in shares of Star Group by 49.7% in the 4th quarter. Round Rock Advisors LLC now owns 20,961 shares of the pipeline company’s stock valued at $248,000 after acquiring an additional 6,961 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Star Group by 5,446.2% in the 4th quarter. Royal Bank of Canada now owns 2,163 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 2,124 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Star Group during the 4th quarter valued at about $80,000. Finally, LPL Financial LLC boosted its position in shares of Star Group by 14.6% during the 4th quarter. LPL Financial LLC now owns 17,169 shares of the pipeline company’s stock valued at $203,000 after acquiring an additional 2,188 shares during the last quarter. 40.36% of the stock is currently owned by hedge funds and other institutional investors.

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.