Star Group (NYSE:SGU) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Star Group, L.P. (NYSE:SGU) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.54 and traded as high as $12.72. Star Group shares last traded at $12.36, with a volume of 28,562 shares changing hands.

Wall Street Analysts Forecast Growth

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

Star Group Stock Up 0.1%

The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.81 and a current ratio of 0.99. The stock has a market cap of $409.46 million, a P/E ratio of 5.59 and a beta of 0.34. The stock’s fifty day simple moving average is $12.71 and its 200-day simple moving average is $12.54.

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

Star Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Monday, April 27th were paid a dividend of $0.1975 per share. This is a boost from Star Group’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, April 27th. This represents a $0.79 dividend on an annualized basis and a yield of 6.3%. Star Group’s dividend payout ratio is 35.43%.

Institutional Trading of Star Group

Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its holdings in shares of Star Group by 1.1% during the 1st quarter. Renaissance Technologies LLC now owns 910,108 shares of the pipeline company’s stock worth $11,176,000 after purchasing an additional 10,281 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Star Group by 14.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 129,080 shares of the pipeline company’s stock valued at $1,585,000 after purchasing an additional 16,544 shares in the last quarter. AlphaCentric Advisors LLC bought a new stake in Star Group during the first quarter worth about $261,000. Greenwood Gearhart LLC bought a new stake in Star Group during the first quarter worth about $252,000. Finally, Atom Investors LP grew its stake in Star Group by 11.4% during the fourth quarter. Atom Investors LP now owns 20,586 shares of the pipeline company’s stock worth $244,000 after buying an additional 2,110 shares in the last quarter. 40.36% of the stock is currently owned by 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.