Suburban Propane Partners (NYSE:SPH) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Suburban Propane Partners, L.P. (NYSE:SPH)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.48 and traded as high as $20.70. Suburban Propane Partners shares last traded at $20.46, with a volume of 79,827 shares trading hands.

Suburban Propane Partners Stock Up 1.8 %

The company has a market cap of $1.32 billion, a P/E ratio of 19.30 and a beta of 0.22. The firm’s 50 day moving average price is $20.69 and its two-hundred day moving average price is $19.48. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.51 and a current ratio of 0.70.

Suburban Propane Partners (NYSE:SPH) last posted its earnings results on Thursday, February 6th. The energy company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.46). Suburban Propane Partners had a return on equity of 11.81% and a net margin of 5.18%. During the same quarter last year, the business posted $0.38 earnings per share.

Suburban Propane Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were paid a dividend of $0.325 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.30 annualized dividend and a dividend yield of 6.35%. Suburban Propane Partners’s payout ratio is 122.64%.

Insider Activity at Suburban Propane Partners

In related news, SVP Douglas Brinkworth sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $20.50, for a total transaction of $41,000.00. Following the completion of the transaction, the senior vice president now owns 159,355 shares of the company’s stock, valued at approximately $3,266,777.50. The trade was a 1.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael A. Schueler sold 7,746 shares of the company’s 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 directly owns 11,133 shares in the company, valued at approximately $233,013.69. The trade was a 41.03 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Suburban Propane Partners

Hedge funds have recently bought and sold shares of the company. Cetera Trust Company N.A purchased a new stake in Suburban Propane Partners during the 4th quarter valued at about $28,000. Farther Finance Advisors LLC boosted its stake in shares of Suburban Propane Partners by 275.5% during the first quarter. Farther Finance Advisors LLC now owns 1,363 shares of the energy company’s stock valued at $29,000 after purchasing an additional 1,000 shares during the period. Wingate Wealth Advisors Inc. bought a new position in shares of Suburban Propane Partners in the fourth quarter worth approximately $31,000. Duncker Streett & Co. Inc. purchased a new position in shares of Suburban Propane Partners in the fourth quarter worth $34,000. Finally, Vision Financial Markets LLC bought a new stake in Suburban Propane Partners during the 4th quarter valued at $34,000. 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.