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

Star Group, L.P. (NYSE:SGU) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.13 and traded as high as $12.82. Star Group shares last traded at $12.5850, with a volume of 18,143 shares traded.

Analyst Ratings Changes

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

Star Group Trading Down 1.2%

The company has a current ratio of 0.74, a quick ratio of 0.58 and a debt-to-equity ratio of 0.50. The firm has a market cap of $413.79 million, a PE ratio of 7.97 and a beta of 0.35. The company’s 50-day moving average is $12.75 and its 200 day moving average is $12.13.

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

Star Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, January 26th were issued a dividend of $0.185 per share. The ex-dividend date was Monday, January 26th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 5.9%. Star Group’s payout ratio is currently 46.84%.

Institutional Investors Weigh In On Star Group

Several hedge funds have recently bought and sold shares of SGU. Lubar & Co. Inc acquired a new stake in Star Group during the 4th quarter worth about $15,344,000. Arrowstreet Capital Limited Partnership increased its holdings 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 purchased a new stake in shares of Star Group in the second quarter worth approximately $344,000. Goldman Sachs Group Inc. purchased a new stake in shares of Star Group in the first quarter worth approximately $231,000. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Star Group during the third quarter worth approximately $150,000. 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. It also sells gasoline and diesel fuel to approximately 26,600 customers.