Star Group (NYSE:SGU) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Star Group, L.P. (NYSE:SGU) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.94 and traded as high as $12.97. Star Group shares last traded at $12.87, with a volume of 12,122 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SGU shares. Weiss Ratings upgraded Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, January 13th. Wall Street Zen raised Star Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Star Group Stock Up 0.9%

The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 0.50. The company has a market cap of $424.45 million, a price-to-earnings ratio of 8.15 and a beta of 0.35. The stock has a fifty day moving average price of $12.30 and a two-hundred day moving average price of $11.94.

Star Group (NYSE:SGU) last released its quarterly earnings results on Wednesday, February 4th. The pipeline company reported $0.89 EPS for the quarter. The business had revenue of $539.26 million for the quarter. Star Group had a net margin of 4.16% and a return on equity of 23.03%.

Star Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, January 26th were given a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Monday, January 26th. Star Group’s dividend payout ratio is presently 46.84%.

Institutional Investors Weigh In On Star Group

Large investors have recently bought and sold shares of the company. Osaic Holdings Inc. lifted its holdings in shares of Star Group by 181.5% during the 2nd quarter. Osaic Holdings Inc. now owns 5,199 shares of the pipeline company’s stock worth $61,000 after acquiring an additional 3,352 shares during the period. Kestra Advisory Services LLC bought a new stake in Star Group during the fourth quarter worth $80,000. Raymond James Financial Inc. bought a new stake in Star Group during the second quarter worth $89,000. Bank of America Corp DE boosted its holdings in shares of Star Group by 91.7% in the 3rd quarter. Bank of America Corp DE now owns 11,844 shares of the pipeline company’s stock valued at $140,000 after purchasing an additional 5,667 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in shares of Star Group in the 3rd quarter valued at $150,000. 40.36% of the stock is currently owned by institutional investors and hedge funds.

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.