MGO One Seven LLC Buys New Stake in Suburban Propane Partners, L.P. (NYSE:SPH)

MGO One Seven LLC purchased a new stake in shares of Suburban Propane Partners, L.P. (NYSE:SPH) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,730 shares of the energy company’s stock, valued at approximately $305,000.

A number of other institutional investors have also made changes to their positions in the business. Cetera Trust Company N.A acquired a new position in shares of Suburban Propane Partners during the fourth quarter worth approximately $28,000. Wingate Wealth Advisors Inc. acquired a new position in Suburban Propane Partners during the 4th quarter valued at $31,000. Duncker Streett & Co. Inc. bought a new stake in Suburban Propane Partners in the 4th quarter valued at $34,000. Vision Financial Markets LLC acquired a new stake in Suburban Propane Partners in the 4th quarter worth $34,000. Finally, Tandem Financial LLC bought a new position in shares of Suburban Propane Partners during the 4th quarter worth about $39,000. 30.94% of the stock is currently owned by institutional investors.

Suburban Propane Partners Stock Up 0.2 %

NYSE SPH opened at $20.26 on Wednesday. Suburban Propane Partners, L.P. has a twelve month low of $15.20 and a twelve month high of $22.24. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.51 and a current ratio of 0.70. The stock has a market cap of $1.31 billion, a PE ratio of 19.11 and a beta of 0.22. The firm has a 50-day simple moving average of $20.54 and a 200 day simple moving average of $19.56.

Suburban Propane Partners (NYSE:SPH) last announced its quarterly earnings data on Thursday, February 6th. The energy company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.46). Suburban Propane Partners had a return on equity of 11.81% and a net margin of 5.18%. During the same period last year, the business posted $0.38 EPS.

Suburban Propane Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th will be paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.42%. The ex-dividend date is Tuesday, May 6th. Suburban Propane Partners’s dividend payout ratio is 122.64%.

Insider Transactions at Suburban Propane Partners

In other Suburban Propane Partners news, VP Michael A. Schueler sold 7,746 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $20.93, for a total transaction of $162,123.78. Following the completion of the transaction, the vice president now owns 11,133 shares in the company, valued at $233,013.69. This trade represents a 41.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Douglas Brinkworth sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $20.50, for a total value of $41,000.00. Following the completion of the sale, the senior vice president now owns 159,355 shares in the company, valued at approximately $3,266,777.50. This represents a 1.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Suburban Propane Partners Profile

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.