Suburban Propane Partners (NYSE:SPH) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Suburban Propane Partners, L.P. (NYSE:SPH) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.63 and traded as high as $19.20. Suburban Propane Partners shares last traded at $19.16, with a volume of 101,589 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Suburban Propane Partners in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Suburban Propane Partners has a consensus rating of “Hold”.

Suburban Propane Partners Price Performance

The company has a quick ratio of 0.31, a current ratio of 0.55 and a debt-to-equity ratio of 2.02. The company has a 50 day simple moving average of $18.88 and a 200-day simple moving average of $18.63. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 11.68 and a beta of 0.41.

Suburban Propane Partners (NYSE:SPH) last issued its quarterly earnings results on Thursday, November 13th. The energy company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.11). The firm had revenue of $211.38 million during the quarter, compared to the consensus estimate of $227.00 million. Suburban Propane Partners had a net margin of 7.44% and a return on equity of 16.31%.

Suburban Propane Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 11th. Shareholders of record on Tuesday, November 4th were issued a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend was Tuesday, November 4th. Suburban Propane Partners’s dividend payout ratio is 79.27%.

Institutional Investors Weigh In On Suburban Propane Partners

Several institutional investors and hedge funds have recently bought and sold shares of SPH. Alps Advisors Inc. boosted its stake in Suburban Propane Partners by 3.1% in the third quarter. Alps Advisors Inc. now owns 14,327,026 shares of the energy company’s stock valued at $267,199,000 after acquiring an additional 433,748 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Suburban Propane Partners by 4.8% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,177,601 shares of the energy company’s stock worth $77,912,000 after purchasing an additional 192,154 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Suburban Propane Partners by 11.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,370,534 shares of the energy company’s stock worth $28,795,000 after purchasing an additional 142,547 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Suburban Propane Partners by 18.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,266,303 shares of the energy company’s stock valued at $23,465,000 after purchasing an additional 199,693 shares during the period. Finally, Bowen Hanes & Co. Inc. grew its stake in Suburban Propane Partners by 24.5% during the 3rd quarter. Bowen Hanes & Co. Inc. now owns 1,016,000 shares of the energy company’s stock worth $18,948,000 after buying an additional 200,000 shares during the last quarter. Institutional investors and hedge funds own 30.94% of the company’s stock.

About Suburban Propane Partners

Suburban Propane Partners L.P. (NYSE: SPH) is a publicly traded master limited partnership headquartered in Whippany, New Jersey, that provides propane and related energy services to residential, commercial, industrial and agricultural customers. As one of the largest propane retailers in the United States, the company delivers propane gas, heating oil, diesel fuel and natural gas throughout its service territories. In addition to fuel distribution, Suburban Propane offers HVAC installation, maintenance and repair services, as well as safety inspections and equipment leasing to support customers’ energy needs.

The company’s core business centers on the delivery of propane for space and water heating, cooking and agricultural applications.