Star Group (NYSE:SGU) Shares Pass Above 200-Day Moving Average – Time to Sell?

Star Group, L.P. (NYSE:SGU) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.67 and traded as high as $13.11. Star Group shares last traded at $13.02, with a volume of 8,154 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

Star Group Stock Down 0.5%

The company has a debt-to-equity ratio of 0.37, a current ratio of 0.99 and a quick ratio of 0.81. The business has a 50 day simple moving average of $12.79 and a 200 day simple moving average of $12.68. The company has a market capitalization of $429.14 million, a price-to-earnings ratio of 5.86 and a beta of 0.33.

Star Group (NYSE:SGU) last released its quarterly earnings results on Wednesday, May 6th. The pipeline company reported $2.66 EPS for the quarter. The business had revenue of $766.72 million during the quarter. Star Group had a return on equity of 28.64% and a net margin of 5.31%.

Star Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Monday, July 27th will be paid a $0.1975 dividend. The ex-dividend date of this dividend is Monday, July 27th. This represents a $0.79 annualized dividend and a dividend yield of 6.0%. Star Group’s dividend payout ratio (DPR) is presently 35.43%.

Institutional Investors Weigh In On Star Group

Several large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in Star Group by 5,446.2% in the 4th quarter. Royal Bank of Canada now owns 2,163 shares of the pipeline company’s stock valued at $25,000 after buying an additional 2,124 shares during the period. Osaic Holdings Inc. increased 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 acquiring an additional 3,352 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Star Group in the fourth quarter valued at $80,000. Raymond James Financial Inc. acquired a new stake in shares of Star Group in the second quarter valued at $89,000. Finally, Bank of America Corp DE boosted its holdings in Star Group by 91.7% in the third 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 during the period. 40.36% of the stock is owned by hedge funds and other institutional investors.

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.