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 Monday . The stock has a two hundred day moving average of $11.48 and traded as high as $11.81. Star Group shares last traded at $11.60, with a volume of 17,794 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Star Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 6th.

Star Group Trading Down 1.1 %

The firm has a 50 day moving average price of $11.88 and a two-hundred day moving average price of $11.48. The company has a quick ratio of 0.64, a current ratio of 0.75 and a debt-to-equity ratio of 0.71. The company has a market cap of $401.10 million, a price-to-earnings ratio of 20.35 and a beta of 0.46.

Star Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Monday, October 28th were given a $0.1725 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.95%. Star Group’s dividend payout ratio (DPR) is currently 121.05%.

Institutional Investors Weigh In On Star Group

Several large investors have recently modified their holdings of SGU. Victory Capital Management Inc. acquired a new stake in Star Group during the 3rd quarter worth about $566,000. Acadian Asset Management LLC bought a new stake in shares of Star Group during the 2nd quarter valued at about $232,000. American Century Companies Inc. bought a new stake in Star Group in the second quarter worth approximately $124,000. GSA Capital Partners LLP increased its holdings in Star Group by 89.4% in the third quarter. GSA Capital Partners LLP now owns 22,884 shares of the pipeline company’s stock worth $269,000 after purchasing an additional 10,799 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Star Group by 0.3% in the second quarter. Renaissance Technologies LLC now owns 998,445 shares of the pipeline company’s stock valued at $10,623,000 after buying an additional 2,800 shares during the period. 40.36% of the stock is currently owned by institutional investors and hedge funds.

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.