Suburban Propane Partners, L.P. (NYSE:SPH) Shares Bought by Fractal Investments LLC

Fractal Investments LLC lifted its position in shares of Suburban Propane Partners, L.P. (NYSE:SPH) by 1,090.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,425 shares of the energy company’s stock after purchasing an additional 190,000 shares during the quarter. Suburban Propane Partners accounts for approximately 0.8% of Fractal Investments LLC’s portfolio, making the stock its 18th largest holding. Fractal Investments LLC’s holdings in Suburban Propane Partners were worth $3,684,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. AdvisorNet Financial Inc boosted its holdings in Suburban Propane Partners by 26.7% during the third quarter. AdvisorNet Financial Inc now owns 3,571 shares of the energy company’s stock worth $57,000 after buying an additional 753 shares in the last quarter. Archer Investment Corp raised its position in shares of Suburban Propane Partners by 57.2% in the third quarter. Archer Investment Corp now owns 11,000 shares of the energy company’s stock worth $177,000 after acquiring an additional 4,003 shares during the period. Spirit of America Management Corp NY purchased a new stake in shares of Suburban Propane Partners during the 4th quarter worth about $178,000. Lincoln National Corp acquired a new stake in shares of Suburban Propane Partners during the 3rd quarter valued at about $183,000. Finally, Sigma Planning Corp increased its stake in shares of Suburban Propane Partners by 3.4% in the 3rd quarter. Sigma Planning Corp now owns 18,609 shares of the energy company’s stock valued at $299,000 after purchasing an additional 616 shares in the last quarter. 30.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Suburban Propane Partners

In other news, SVP Neil Scanlon sold 26,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $19.33, for a total value of $502,580.00. Following the transaction, the senior vice president now directly owns 162,129 shares in the company, valued at approximately $3,133,953.57. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.

Suburban Propane Partners Trading Up 0.9 %

NYSE:SPH traded up $0.18 during trading hours on Wednesday, hitting $19.72. The company had a trading volume of 123,408 shares, compared to its average volume of 314,365. Suburban Propane Partners, L.P. has a 1 year low of $14.42 and a 1 year high of $22.33. The company has a market cap of $1.26 billion, a P/E ratio of 12.42 and a beta of 0.43. The company has a 50-day moving average of $20.28 and a 200 day moving average of $18.58. The company has a current ratio of 0.72, a quick ratio of 0.52 and a debt-to-equity ratio of 2.26.

Suburban Propane Partners (NYSE:SPH) last released its quarterly earnings data on Thursday, February 8th. The energy company reported $0.38 EPS for the quarter. The firm had revenue of $365.83 million for the quarter. Suburban Propane Partners had a return on equity of 17.97% and a net margin of 7.36%.

Suburban Propane Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were paid a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 6.59%. The ex-dividend date was Monday, February 5th. Suburban Propane Partners’s dividend payout ratio (DPR) is presently 81.76%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SPH shares. Mizuho downgraded Suburban Propane Partners from a “neutral” rating to an “underperform” rating and increased their price target for the stock from $16.00 to $17.00 in a research report on Monday, January 29th. StockNews.com lowered Suburban Propane Partners from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th.

About Suburban Propane Partners

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.