Star Group (NYSE:SGU) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Star Group, L.P. (NYSE:SGU)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.59 and traded as high as $11.90. Star Group shares last traded at $11.83, with a volume of 27,349 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Star Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 6th.

Star Group Price Performance

The firm has a market cap of $409.06 million, a price-to-earnings ratio of 20.75 and a beta of 0.48. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.64 and a current ratio of 0.75. The business has a 50 day simple moving average of $11.78 and a 200-day simple moving average of $11.59.

Star Group (NYSE:SGU) last released its quarterly earnings results on Wednesday, December 4th. The pipeline company reported ($1.00) earnings per share (EPS) for the quarter. Star Group had a net margin of 1.99% and a return on equity of 12.01%.

Star Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Monday, January 27th will be paid a dividend of $0.1725 per share. The ex-dividend date is Monday, January 27th. This represents a $0.69 dividend on an annualized basis and a yield of 5.83%. Star Group’s dividend payout ratio (DPR) is currently 121.05%.

Hedge Funds Weigh In On Star Group

Hedge funds have recently added to or reduced their stakes in the stock. Crews Bank & Trust purchased a new position in shares of Star Group in the 4th quarter worth approximately $25,000. GSA Capital Partners LLP boosted its stake in shares of Star Group by 89.4% in the 3rd quarter. GSA Capital Partners LLP now owns 22,884 shares of the pipeline company’s stock worth $269,000 after buying an additional 10,799 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Star Group in the 2nd quarter worth approximately $124,000. Victory Capital Management Inc. purchased a new position in shares of Star Group in the 3rd quarter worth approximately $566,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Star Group by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 622,573 shares of the pipeline company’s stock worth $7,309,000 after buying an additional 66,806 shares during the last quarter. Institutional investors and hedge funds 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.