Star Group (NYSE:SGU) shares over two hundred day moving average of $11.01

Shares of Star Group, LP (NYSE:SGU – Get Free Report )’s price moved above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.01 and traded as high as $12.45. Star Group shares last traded at $12.10, with a volume of 31,170 shares changing hands.

Star Group trading up 3.1%

The company has a fifty day moving average price of $11.49 and a 200 day moving average price of $11.01. The firm has a market cap of $419.39 million, a price-to-earnings ratio of 18.33 and a beta of 0.42. The company has a current ratio of 0.74, a quick ratio of 0.61, and a debt-to-equity ratio of 0.37.

Star Group (NYSE:SGU – Get Free Report ) last posted its earnings results on Wednesday, July 31st. The pipeline company reported ($0.31) earnings per share (EPS) for the quarter. The business had revenue of $331.64 million during the quarter. Star Group had a net margin of 2.82% and a return on equity of 17.25%.

Star Group dividend announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were paid a $0.1725 dividend. This represents an annualized dividend of $0.69 and a dividend yield of 5.70%. The ex-dividend date of this dividend was Monday, July 29. Star Group’s payout ratio is currently 104.55%.

Star Group Institutional Trading

Several large investors have recently made changes to their positions in SGU. American Century Companies Inc. bought a new position in shares of Star Group in the second quarter valued at about $124,000. Cove Street Capital LLC boosted its holdings in Star Group by 15.6% in the second quarter. Cove Street Capital LLC now owns 18,500 shares of the pipeline company’s stock valued at $197,000 after purchasing an additional 2,500 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Star Group in the second quarter valued at approximately $232,000. Blackstone Inc. raised its position in shares of Star Group by 36.5% in the first quarter. Blackstone Inc. now owns 116,684 shares of the pipeline company’s stock valued at $1,169,000 after buying an additional 31,200 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Star Group by 0.3% in the second quarter. Renaissance Technologies LLC now owns 998,445 shares of the pipeline company’s stock worth $10,623,000 after purchasing an additional 2,800 shares in the last quarter. Institutional investors own 40.36% of the company’s shares.

Star Group Company Profile

(Get a free report)

Star Group, LP, together with its subsidiaries, provides heating oil and propane products and services to residential and commercial customers in the United States. It offers petrol and diesel; and installs, maintains and repairs heating and air conditioning equipment. As of September 30, 2023, the company served approximately 402,200 full-service residential and commercial oil and propane home heating customers and 52,400 customers on a delivery-only basis.

Further reading

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