Star Group (NYSE:SGU) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Star Group, L.P. (NYSE:SGU)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.72 and traded as high as $13.13. Star Group shares last traded at $13.03, with a volume of 43,260 shares.

Wall Street Analysts Forecast Growth

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

Star Group Stock Performance

The stock has a market cap of $427.77 million, a P/E ratio of 5.84 and a beta of 0.33. The stock has a fifty day simple moving average of $12.80 and a 200-day simple moving average of $12.72. The company has a quick ratio of 0.81, a current ratio of 0.99 and a debt-to-equity ratio of 0.37.

Star Group (NYSE:SGU) last announced its quarterly earnings results 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Monday, July 27th will be issued 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 6.1%. Star Group’s payout ratio is 35.43%.

Institutional Trading of Star Group

Hedge funds have recently added to or reduced their stakes in the business. Lubar & Co. Inc bought a new stake in shares of Star Group in the fourth quarter worth about $15,344,000. Round Rock Advisors LLC grew its position in shares of Star Group by 49.7% in the 4th quarter. Round Rock Advisors LLC now owns 20,961 shares of the pipeline company’s stock valued at $248,000 after purchasing an additional 6,961 shares during the period. Royal Bank of Canada raised its holdings in Star Group by 5,446.2% during the 4th quarter. Royal Bank of Canada now owns 2,163 shares of the pipeline company’s stock worth $25,000 after buying an additional 2,124 shares during the period. Kestra Advisory Services LLC bought a new position in Star Group in the fourth quarter valued at approximately $80,000. Finally, LPL Financial LLC lifted its stake in Star Group by 14.6% in the fourth quarter. LPL Financial LLC now owns 17,169 shares of the pipeline company’s stock valued at $203,000 after buying an additional 2,188 shares in the last quarter. Institutional investors and hedge funds 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. It also sells gasoline and diesel fuel to approximately 26,600 customers.