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

Star Group, L.P. (NYSE:SGU) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.94 and traded as high as $12.97. Star Group shares last traded at $12.87, with a volume of 12,122 shares.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SGU. Wall Street Zen raised Star Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 31st. Weiss Ratings raised shares of Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Star Group Price Performance

The company has a fifty day simple moving average of $12.30 and a 200 day simple moving average of $11.94. The stock has a market capitalization of $424.41 million, a price-to-earnings ratio of 8.15 and a beta of 0.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.58 and a current ratio of 0.74.

Star Group (NYSE:SGU) last issued its quarterly earnings data on Wednesday, February 4th. The pipeline company reported $0.89 earnings per share (EPS) for the quarter. The company had revenue of $539.26 million during the quarter. Star Group had a return on equity of 23.03% and a net margin of 4.16%.

Star Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, January 26th were given a $0.185 dividend. The ex-dividend date was Monday, January 26th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 5.7%. Star Group’s payout ratio is 46.84%.

Hedge Funds Weigh In On Star Group

A number of hedge funds have recently bought and sold shares of the company. Lubar & Co. Inc bought a new stake in Star Group during the fourth quarter valued at $15,344,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Star Group by 91.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 104,083 shares of the pipeline company’s stock valued at $1,231,000 after purchasing an additional 49,640 shares during the period. Hyperion Capital Advisors LP acquired a new position in shares of Star Group in the 2nd quarter valued at about $344,000. Goldman Sachs Group Inc. bought a new stake in shares of Star Group during the 1st quarter valued at about $231,000. Finally, Kingsview Wealth Management LLC acquired a new stake in Star Group during the third quarter worth approximately $150,000. Institutional investors 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. It also sells gasoline and diesel fuel to approximately 26,600 customers.