2,339 Shares in Star Group, L.P. (NYSE:SGU) Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp bought a new position in Star Group, L.P. (NYSE:SGU) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,339 shares of the pipeline company’s stock, valued at approximately $27,000.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Star Group by 12.0% in the third 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 in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Star Group in the third quarter worth about $566,000. GSA Capital Partners LLP lifted its position in shares of 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 buying an additional 10,799 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Star Group in the fourth quarter worth about $122,000. Finally, Crews Bank & Trust purchased a new stake in shares of Star Group in the fourth quarter worth about $25,000. 40.36% of the stock is currently owned by hedge funds and other institutional investors.

Star Group Price Performance

NYSE:SGU opened at $13.37 on Thursday. Star Group, L.P. has a 12 month low of $9.64 and a 12 month high of $13.75. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average is $12.46 and its 200 day moving average is $12.00. The company has a market capitalization of $461.99 million, a P/E ratio of 12.85 and a beta of 0.46.

Star Group (NYSE:SGU) last issued its quarterly earnings data on Wednesday, February 5th. The pipeline company reported $0.79 earnings per share (EPS) for the quarter. Star Group had a return on equity of 18.47% and a net margin of 3.19%.

Star Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, January 27th were given a dividend of $0.1725 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $0.69 dividend on an annualized basis and a yield of 5.16%. Star Group’s dividend payout ratio (DPR) is presently 66.35%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Star Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 7th.

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.