Star Group (NYSE:SGU) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Star Group, L.P. (NYSE:SGU) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.59 and traded as high as $11.90. Star Group shares last traded at $11.83, with a volume of 27,349 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Star Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th.

Star Group Stock Performance

The firm has a market capitalization of $409.08 million, a P/E ratio of 20.75 and a beta of 0.48. The firm has a 50-day moving average price of $11.78 and a two-hundred day moving average price of $11.60. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.75 and a quick ratio of 0.64.

Star Group (NYSE:SGU) last released its earnings results on Wednesday, December 4th. The pipeline company reported ($1.00) earnings per share for the quarter. Star Group had a return on equity of 12.01% and a net margin of 1.99%.

Star Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Monday, January 27th will be paid a dividend of $0.1725 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $0.69 annualized dividend and a dividend yield of 5.83%. Star Group’s dividend payout ratio is currently 121.05%.

Hedge Funds Weigh In On Star Group

Institutional investors have recently made changes to their positions in the company. Crews Bank & Trust purchased a new position in shares of Star Group during the fourth quarter valued at $25,000. American Century Companies Inc. purchased a new position in Star Group in the second quarter valued at about $124,000. GSA Capital Partners LLP grew its stake in Star Group by 89.4% in the third quarter. GSA Capital Partners LLP now owns 22,884 shares of the pipeline company’s stock valued at $269,000 after purchasing an additional 10,799 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Star Group during the third quarter worth about $566,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Star Group by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 622,573 shares of the pipeline company’s stock worth $7,309,000 after acquiring an additional 66,806 shares during the last quarter. Hedge funds and other institutional investors own 40.36% of the company’s stock.

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.