Suburban Propane Partners (NYSE:SPH) Reaches New 1-Year High – Should You Buy?

Shares of Suburban Propane Partners, L.P. (NYSE:SPH) reached a new 52-week high during trading on Tuesday . The stock traded as high as $21.95 and last traded at $22.12, with a volume of 49285 shares changing hands. The stock had previously closed at $21.56.

Suburban Propane Partners Stock Performance

The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 2.39. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 20.65 and a beta of 0.51. The stock’s 50 day moving average is $19.27 and its two-hundred day moving average is $18.54.

Suburban Propane Partners (NYSE:SPH) last announced its earnings results on Thursday, February 6th. The energy company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.46). Suburban Propane Partners had a return on equity of 11.81% and a net margin of 5.18%. During the same quarter last year, the company posted $0.38 EPS.

Suburban Propane Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were given a $0.325 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.30 dividend on an annualized basis and a yield of 5.94%. Suburban Propane Partners’s dividend payout ratio (DPR) is 122.64%.

Insiders Place Their Bets

In related news, VP Michael A. Schueler sold 7,746 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $20.93, for a total transaction of $162,123.78. Following the transaction, the vice president now owns 11,133 shares of the company’s stock, valued at $233,013.69. This represents a 41.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP A Davin Dambrosio sold 6,500 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $18.90, for a total value of $122,850.00. Following the completion of the transaction, the vice president now owns 76,176 shares of the company’s stock, valued at $1,439,726.40. The trade was a 7.86 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Institutional Trading of Suburban Propane Partners

A number of institutional investors have recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. grew its holdings in Suburban Propane Partners by 2.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 22,750 shares of the energy company’s stock valued at $391,000 after purchasing an additional 480 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Suburban Propane Partners by 7.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company’s stock worth $197,000 after buying an additional 800 shares in the last quarter. HM Payson & Co. grew its stake in Suburban Propane Partners by 10.9% in the 4th quarter. HM Payson & Co. now owns 12,200 shares of the energy company’s stock valued at $210,000 after acquiring an additional 1,200 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Suburban Propane Partners by 45.9% during the 4th quarter. NewEdge Advisors LLC now owns 4,650 shares of the energy company’s stock valued at $80,000 after acquiring an additional 1,462 shares in the last quarter. Finally, Allworth Financial LP raised its position in Suburban Propane Partners by 18.7% during the fourth quarter. Allworth Financial LP now owns 9,904 shares of the energy company’s stock worth $189,000 after acquiring an additional 1,557 shares during the last quarter. Hedge funds and other institutional investors own 30.94% of the company’s stock.

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.