Star Group, L.P. (NYSE:SGU) Short Interest Update

Star Group, L.P. (NYSE:SGU) saw a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 44,760 shares, a decrease of 20.2% from the January 29th total of 56,118 shares. Based on an average daily volume of 34,212 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 34,212 shares, the days-to-cover ratio is presently 1.3 days.

Star Group Trading Up 0.8%

NYSE:SGU traded up $0.10 on Tuesday, hitting $13.10. 19,459 shares of the stock were exchanged, compared to its average volume of 28,184. The stock has a fifty day moving average of $12.54 and a 200-day moving average of $12.04. The stock has a market cap of $430.73 million, a PE ratio of 8.29 and a beta of 0.35. The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 0.50. Star Group has a fifty-two week low of $11.31 and a fifty-two week high of $13.75.

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

Star Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, January 26th were given a $0.185 dividend. The ex-dividend date of this dividend was Monday, January 26th. This represents a $0.74 annualized dividend and a yield of 5.6%. Star Group’s dividend payout ratio (DPR) is 46.84%.

Institutional Investors Weigh In On Star Group

A number of large investors have recently modified their holdings of SGU. Goldman Sachs Group Inc. purchased a new stake in shares of Star Group during the first quarter worth about $231,000. Arrowstreet Capital Limited Partnership increased its holdings in Star Group by 60.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 54,443 shares of the pipeline company’s stock worth $637,000 after purchasing an additional 20,495 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Star Group in the 2nd quarter valued at approximately $89,000. Hyperion Capital Advisors LP purchased a new position in shares of Star Group during the 2nd quarter valued at approximately $344,000. Finally, Osaic Holdings Inc. grew its position in shares of Star Group by 181.5% during the second quarter. Osaic Holdings Inc. now owns 5,199 shares of the pipeline company’s stock worth $61,000 after buying an additional 3,352 shares in the last quarter. Institutional investors and hedge funds own 40.36% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on SGU. Wall Street Zen upgraded Star Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 31st. Weiss Ratings raised shares of Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

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.