Star Group (NYSE:SGU) Shares Cross Above 200-Day Moving Average of $10.91

Star Group, L.P. (NYSE:SGU)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.91 and traded as high as $12.42. Star Group shares last traded at $12.37, with a volume of 65,282 shares trading hands.

Star Group Price Performance

The company has a market capitalization of $428.74 million, a price-to-earnings ratio of 18.74 and a beta of 0.42. The company has a current ratio of 0.74, a quick ratio of 0.61 and a debt-to-equity ratio of 0.37. The company’s 50 day simple moving average is $11.22 and its 200-day simple moving average is $10.91.

Star Group (NYSE:SGU) last announced its earnings results on Wednesday, July 31st. The pipeline company reported ($0.31) earnings per share (EPS) for the quarter. The firm had revenue of $331.64 million for the quarter. Star Group had a return on equity of 17.25% and a net margin of 2.82%.

Star Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were paid a $0.1725 dividend. The ex-dividend date of this dividend was Monday, July 29th. This represents a $0.69 annualized dividend and a yield of 5.58%. Star Group’s payout ratio is currently 104.55%.

Institutional Trading of Star Group

Hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. acquired a new position in shares of Star Group during the 2nd quarter valued at about $124,000. Cove Street Capital LLC grew its holdings in Star Group by 15.6% in the second quarter. Cove Street Capital LLC now owns 18,500 shares of the pipeline company’s stock valued at $197,000 after purchasing an additional 2,500 shares during the period. Acadian Asset Management LLC acquired a new position in Star Group during the second quarter worth approximately $232,000. Blackstone Inc. raised its stake in Star Group by 36.5% during the first quarter. Blackstone Inc. now owns 116,684 shares of the pipeline company’s stock worth $1,169,000 after purchasing an additional 31,200 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Star Group by 0.3% in the 2nd quarter. Renaissance Technologies LLC now owns 998,445 shares of the pipeline company’s stock valued at $10,623,000 after purchasing an additional 2,800 shares during the last quarter. 40.36% of the stock is 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.