Insider Selling: Suburban Propane Partners, L.P. (NYSE:SPH) VP Sells $162,123.78 in Stock

Suburban Propane Partners, L.P. (NYSE:SPH) VP Michael A. Schueler sold 7,746 shares of Suburban Propane Partners stock in a transaction on Tuesday, February 11th. The stock was 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 approximately $233,013.69. The trade was a 41.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Suburban Propane Partners Price Performance

SPH stock opened at $21.60 on Friday. The firm’s 50-day moving average price is $19.09 and its two-hundred day moving average price is $18.47. Suburban Propane Partners, L.P. has a 12-month low of $15.20 and a 12-month high of $21.89. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 20.37 and a beta of 0.51. The company has a current ratio of 0.51, a quick ratio of 0.33 and a debt-to-equity ratio of 2.21.

Suburban Propane Partners (NYSE:SPH) last announced its quarterly earnings results on Thursday, February 6th. The energy company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.46). Suburban Propane Partners had a net margin of 5.18% and a return on equity of 11.54%. During the same quarter in the previous year, the firm posted $0.38 EPS.

Suburban Propane Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were given a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 6.02%. The ex-dividend date was Tuesday, February 4th. Suburban Propane Partners’s dividend payout ratio is currently 122.64%.

Hedge Funds Weigh In On Suburban Propane Partners

Several hedge funds and other institutional investors have recently modified their holdings of SPH. JPMorgan Chase & Co. boosted its stake in Suburban Propane Partners by 31.8% during the third quarter. JPMorgan Chase & Co. now owns 643,916 shares of the energy company’s stock worth $11,552,000 after acquiring an additional 155,360 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in Suburban Propane Partners by 7.9% during the third quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company’s stock worth $197,000 after acquiring an additional 800 shares in the last quarter. Wealthstar Advisors LLC bought a new stake in Suburban Propane Partners during the fourth quarter worth about $554,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Suburban Propane Partners during the fourth quarter worth about $24,340,000. Finally, Captrust Financial Advisors bought a new stake in Suburban Propane Partners during the third quarter worth about $270,000. Hedge funds and other institutional investors own 30.94% of the company’s stock.

About Suburban Propane Partners

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.