Star Group (NYSE:SGU) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Star Group, L.P. (NYSE:SGU)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.07 and traded as high as $13.26. Star Group shares last traded at $13.03, with a volume of 26,046 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Star Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 7th.

Star Group Price Performance

The stock has a fifty day moving average of $12.71 and a two-hundred day moving average of $12.09. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $460.78 million, a price-to-earnings ratio of 12.82 and a beta of 0.46.

Star Group (NYSE:SGU) last announced its earnings results on Wednesday, February 5th. The pipeline company reported $0.79 EPS for the quarter. Star Group had a return on equity of 18.47% and a net margin of 3.19%.

Star Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, January 27th were paid a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date was Monday, January 27th. Star Group’s dividend payout ratio is presently 66.35%.

Institutional Trading of Star Group

Several hedge funds have recently modified their holdings of SGU. Crews Bank & Trust acquired a new position in Star Group during the 4th quarter worth $25,000. State of Tennessee Department of Treasury bought a new stake in shares of Star Group during the fourth quarter worth $26,000. Jones Financial Companies Lllp acquired a new position in shares of Star Group during the fourth quarter valued at $27,000. Roxbury Financial LLC bought a new position in Star Group in the fourth quarter valued at about $122,000. Finally, Cary Street Partners Financial LLC acquired a new stake in Star Group in the fourth quarter worth about $144,000. 40.36% of the stock is owned by 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.