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

Star Group, L.P. (NYSE:SGU)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.49 and traded as high as $11.63. Star Group shares last traded at $11.43, with a volume of 9,924 shares.

Analyst Upgrades and Downgrades

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 Trading Up 0.6 %

The company has a 50-day moving average price of $11.86 and a two-hundred day moving average price of $11.49. The stock has a market cap of $395.23 million, a P/E ratio of 20.05 and a beta of 0.46. The company has a current ratio of 0.75, a quick ratio of 0.64 and a debt-to-equity ratio of 0.71.

Star Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Monday, October 28th were given a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date was Monday, October 28th. Star Group’s dividend payout ratio (DPR) is 121.05%.

Institutional Trading of Star Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SGU. Renaissance Technologies LLC grew its position in 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 acquiring an additional 2,800 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Star Group by 89.4% during 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. American Century Companies Inc. bought a new position in shares of Star Group in the second quarter worth about $124,000. Acadian Asset Management LLC purchased a new position in Star Group in the 2nd quarter worth about $232,000. Finally, Victory Capital Management Inc. bought a new stake in Star Group during the 3rd quarter valued at about $566,000. 40.36% of the stock is owned by hedge funds and other institutional investors.

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.