S&CO Inc. Maintains Position in Star Gas Partners, L.P. (NYSE:SGU)
S&CO Inc. maintained its stake in Star Gas Partners, L.P. (NYSE:SGU) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 16,660 shares of the pipeline company’s stock at the end of the second quarter. S&CO Inc.’s holdings in Star Gas Partners, L.P. were worth $181,000 as of its most recent filing with the SEC.
Separately, Locust Wood Capital Advisers LLC boosted its stake in Star Gas Partners, L.P. by 33.2% in the second quarter. Locust Wood Capital Advisers LLC now owns 932,025 shares of the pipeline company’s stock valued at $10,103,000 after buying an additional 232,490 shares during the period. Hedge funds and other institutional investors own 32.51% of the company’s stock.
Shares of Star Gas Partners, L.P. (SGU) opened at 10.50 on Monday. Star Gas Partners, L.P. has a 1-year low of $8.54 and a 1-year high of $11.70. The stock’s 50 day moving average is $10.69 and its 200 day moving average is $10.01. The company has a market capitalization of $586.81 million, a PE ratio of 23.76 and a beta of 0.27.
Star Gas Partners, L.P. (NYSE:SGU) last announced its quarterly earnings results on Monday, July 31st. The pipeline company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by $0.07. The company had revenue of $225.80 million for the quarter. Star Gas Partners, L.P. had a net margin of 1.96% and a return on equity of 7.90%. On average, equities research analysts anticipate that Star Gas Partners, L.P. will post $0.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 8th. Investors of record on Monday, July 31st will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Thursday, July 27th. Star Gas Partners, L.P.’s dividend payout ratio (DPR) is presently 95.65%.
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Separately, BidaskClub cut shares of Star Gas Partners, L.P. from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th.
About Star Gas Partners, L.P.
Star Gas Partners, L.P. is a service energy provider. The Company is a home heating oil and propane distributor and services provider. It also sells gasoline and diesel fuel to customers on a delivery only basis. The Company installs, maintains and repairs heating and air conditioning equipment, and provides these services outside its customer base, including service contracts for natural gas and other heating systems.
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