Star Group (NYSE:SGU) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Star Group, L.P. (NYSE:SGU)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.63 and traded as high as $11.87. Star Group shares last traded at $11.77, with a volume of 13,344 shares.

Analysts Set New Price Targets

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

Star Group Stock Performance

The stock has a market capitalization of $406.83 million, a PE ratio of 20.64 and a beta of 0.48. 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 firm has a 50 day moving average price of $11.72 and a 200-day moving average price of $11.63.

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

Star Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Monday, January 27th will be given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 5.86%. The ex-dividend date of this dividend is Monday, January 27th. Star Group’s dividend payout ratio is currently 121.05%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in Star Group by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 622,573 shares of the pipeline company’s stock valued at $7,309,000 after acquiring an additional 66,806 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Star Group in the third quarter valued at approximately $566,000. GSA Capital Partners LLP grew 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 valued at $269,000 after purchasing an additional 10,799 shares during the period. Roxbury Financial LLC acquired a new stake in Star Group in the fourth quarter valued at approximately $122,000. Finally, Crews Bank & Trust acquired a new stake in shares of Star Group in the fourth quarter worth approximately $25,000. 40.36% of the stock is currently owned by hedge funds and other institutional investors.

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.