Suburban Propane Partners (NYSE:SPH) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Suburban Propane Partners, L.P. (NYSE:SPH) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.60 and traded as high as $19.25. Suburban Propane Partners shares last traded at $19.18, with a volume of 108,226 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SPH shares. Wall Street Zen lowered Suburban Propane Partners from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Suburban Propane Partners in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Suburban Propane Partners Price Performance

The company has a debt-to-equity ratio of 1.90, a current ratio of 0.70 and a quick ratio of 0.46. The stock has a 50 day simple moving average of $18.62 and a two-hundred day simple moving average of $18.60. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 12.96 and a beta of 0.32.

Suburban Propane Partners (NYSE:SPH) last posted its quarterly earnings results on Thursday, November 13th. The energy company reported ($0.62) EPS for the quarter, missing the consensus estimate of ($0.51) by ($0.11). The company had revenue of $211.56 million for the quarter, compared to analysts’ expectations of $227.00 million. Suburban Propane Partners had a return on equity of 16.12% and a net margin of 6.79%.

Suburban Propane Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 11th. Shareholders of record on Tuesday, November 4th were issued a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 6.8%. The ex-dividend date was Tuesday, November 4th. Suburban Propane Partners’s payout ratio is presently 79.27%.

Institutional Trading of Suburban Propane Partners

Several institutional investors have recently made changes to their positions in SPH. Founders Capital Management grew its position in Suburban Propane Partners by 56.4% in the third quarter. Founders Capital Management now owns 1,877 shares of the energy company’s stock worth $35,000 after acquiring an additional 677 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Suburban Propane Partners in the 2nd quarter valued at $36,000. Triumph Capital Management acquired a new position in shares of Suburban Propane Partners in the 3rd quarter valued at $50,000. Advisory Services Network LLC purchased a new position in shares of Suburban Propane Partners during the 3rd quarter worth $62,000. Finally, Geneos Wealth Management Inc. increased its position in shares of Suburban Propane Partners by 37.7% during the 3rd quarter. Geneos Wealth Management Inc. now owns 3,650 shares of the energy company’s stock worth $68,000 after purchasing an additional 1,000 shares during the last quarter. 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.