Lubar & Co. Inc Invests $15.34 Million in Star Group, L.P. $SGU

Lubar & Co. Inc bought a new stake in shares of Star Group, L.P. (NYSE:SGU) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,295,985 shares of the pipeline company’s stock, valued at approximately $15,344,000. Star Group comprises 11.4% of Lubar & Co. Inc’s holdings, making the stock its 2nd largest holding.

A number of other large investors also recently bought and sold shares of SGU. Osaic Holdings Inc. boosted its position in 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 purchasing an additional 3,352 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Star Group in the second quarter valued at approximately $89,000. Bank of America Corp DE increased its position in shares of 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 buying an additional 5,667 shares in the last quarter. Kingsview Wealth Management LLC purchased a new stake in shares of Star Group in the third quarter valued at approximately $150,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Star Group during the 1st quarter worth approximately $231,000. Institutional investors and hedge funds own 40.36% of the company’s stock.

Star Group Trading Down 4.5%

Shares of Star Group stock opened at $12.84 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.58 and a debt-to-equity ratio of 0.37. Star Group, L.P. has a twelve month low of $11.31 and a twelve month high of $13.53. The firm has a market capitalization of $422.24 million, a PE ratio of 5.76 and a beta of 0.36. The firm’s 50-day moving average price is $12.67 and its 200 day moving average price is $12.35.

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

Star Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Monday, April 27th were paid a $0.1975 dividend. This is a boost from Star Group’s previous quarterly dividend of $0.19. This represents a $0.79 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend was Monday, April 27th. Star Group’s dividend payout ratio is presently 35.43%.

Analyst Upgrades and Downgrades

SGU has been the topic of a number of recent analyst reports. Weiss Ratings lowered Star Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, April 21st. Wall Street Zen raised shares of Star Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Star Group currently has a consensus rating of “Buy”.

Star Group 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.