Star Group (NYSE:SGU) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Star Group, L.P. (NYSE:SGU) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.80 and traded as high as $12.19. Star Group shares last traded at $12.02, with a volume of 21,240 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SGU. Weiss Ratings reissued a “hold (c)” rating on shares of Star Group in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Star Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Star Group has an average rating of “Hold”.

Star Group Stock Down 0.7%

The firm’s 50 day simple moving average is $11.84 and its 200-day simple moving average is $11.80. The company has a current ratio of 0.70, a quick ratio of 0.57 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $403.99 million, a price-to-earnings ratio of 9.11 and a beta of 0.33.

Star Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Monday, October 27th were issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 6.2%. The ex-dividend date was Monday, October 27th. Star Group’s dividend payout ratio is presently 56.06%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in shares of Star Group by 91.7% during the 3rd quarter. Bank of America Corp DE now owns 11,844 shares of the pipeline company’s stock worth $140,000 after purchasing an additional 5,667 shares in the last quarter. Cove Street Capital LLC increased its holdings in Star Group by 46.3% during the third quarter. Cove Street Capital LLC now owns 25,600 shares of the pipeline company’s stock worth $303,000 after buying an additional 8,100 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Star Group by 91.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 104,083 shares of the pipeline company’s stock worth $1,231,000 after acquiring an additional 49,640 shares in the last quarter. UBS Group AG raised its position in Star Group by 6.8% during the third quarter. UBS Group AG now owns 52,025 shares of the pipeline company’s stock worth $615,000 after acquiring an additional 3,333 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in Star Group in the third quarter valued at $150,000. Institutional investors and hedge funds own 40.36% of the company’s stock.

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.