Sprague Resources (NYSE:SRLP) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Sprague Resources (NYSE:SRLPGet Rating) in a research note published on Thursday morning. The firm issued a hold rating on the oil and gas company’s stock.

Shares of Sprague Resources stock opened at $15.92 on Thursday. The company’s 50-day moving average price is $16.29 and its 200-day moving average price is $15.91. The company has a market cap of $417.66 million, a price-to-earnings ratio of -4.18 and a beta of 0.61. Sprague Resources has a 12-month low of $12.31 and a 12-month high of $29.43.

Sprague Resources (NYSE:SRLPGet Rating) last announced its quarterly earnings data on Thursday, March 3rd. The oil and gas company reported $1.66 EPS for the quarter. The business had revenue of $1.14 billion during the quarter. Sprague Resources had a negative return on equity of 66.70% and a negative net margin of 2.33%.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 11th. Shareholders of record on Friday, May 6th were given a dividend of $0.434 per share. This represents a $1.74 annualized dividend and a dividend yield of 10.90%. This is a positive change from Sprague Resources’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, May 5th. Sprague Resources’s dividend payout ratio is presently -45.67%.

Large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its position in shares of Sprague Resources by 1.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 50,703 shares of the oil and gas company’s stock worth $687,000 after purchasing an additional 700 shares during the last quarter. HM Payson & Co. increased its holdings in shares of Sprague Resources by 66.7% in the fourth quarter. HM Payson & Co. now owns 2,500 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 1,000 shares during the period. Kayne Anderson Capital Advisors LP grew its holdings in Sprague Resources by 6.9% during the first quarter. Kayne Anderson Capital Advisors LP now owns 21,700 shares of the oil and gas company’s stock worth $359,000 after acquiring an additional 1,400 shares during the period. Captrust Financial Advisors grew its holdings in Sprague Resources by 62.5% in the third quarter. Captrust Financial Advisors now owns 3,900 shares of the oil and gas company’s stock valued at $73,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Sprague Resources by 5.5% in the third quarter. Morgan Stanley now owns 46,280 shares of the oil and gas company’s stock valued at $861,000 after acquiring an additional 2,432 shares in the last quarter. Institutional investors own 89.33% of the company’s stock.

About Sprague Resources (Get Rating)

As of May 28, 2021, operates as a subsidiary of Hartree Partners, LP. As of May 28, 2021, Sprague Resources LP operates as a subsidiary of Hartree Partners, LP.

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