Star Group (NYSE:SGU) Shares Cross Above 200-Day Moving Average – Should You Sell?

Star Group, L.P. (NYSE:SGU)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.12 and traded as high as $13.45. Star Group shares last traded at $13.02, with a volume of 33,896 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Star Group from a “buy” rating to a “strong-buy” rating in a report on Friday, February 7th.

Star Group Trading Down 2.8 %

The firm’s 50 day simple moving average is $12.85 and its 200-day simple moving average is $12.12. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $450.06 million, a PE ratio of 12.52 and a beta of 0.46.

Star Group (NYSE:SGU) last announced its quarterly earnings results on Wednesday, February 5th. The pipeline company reported $0.79 earnings per share (EPS) for the quarter. Star Group had a return on equity of 18.47% and a net margin of 3.19%.

Star Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, January 27th were issued a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date was Monday, January 27th. Star Group’s dividend payout ratio is presently 66.35%.

Institutional Trading of Star Group

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Star Group by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 622,573 shares of the pipeline company’s stock valued at $7,309,000 after purchasing an additional 66,806 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of Star Group during the fourth quarter valued at about $144,000. Roxbury Financial LLC purchased a new stake in shares of Star Group during the fourth quarter worth about $122,000. Jones Financial Companies Lllp purchased a new position in Star Group in the fourth quarter valued at about $27,000. Finally, State of Tennessee Department of Treasury acquired a new stake in Star Group during the 4th quarter valued at approximately $26,000. Hedge funds and other institutional investors own 40.36% of the company’s stock.

About Star Group

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.