A Davin Dambrosio Sells 6,500 Shares of Suburban Propane Partners, L.P. (NYSE:SPH) Stock

Suburban Propane Partners, L.P. (NYSE:SPH) VP A Davin Dambrosio sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total value of $122,850.00. Following the completion of the transaction, the vice president now directly owns 76,176 shares in the company, valued at approximately $1,439,726.40. The trade was a 7.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Suburban Propane Partners Trading Up 2.1 %

Shares of SPH stock opened at $19.35 on Thursday. Suburban Propane Partners, L.P. has a 1-year low of $15.20 and a 1-year high of $22.33. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.65 and a quick ratio of 0.45. The business’s fifty day moving average price is $18.34 and its 200 day moving average price is $18.52. The firm has a market capitalization of $1.24 billion, a PE ratio of 16.97 and a beta of 0.43.

Suburban Propane Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were issued a $0.325 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.72%. Suburban Propane Partners’s dividend payout ratio is presently 114.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SPH shares. StockNews.com lowered shares of Suburban Propane Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Wells Fargo & Company lowered shares of Suburban Propane Partners from an “equal weight” rating to an “underweight” rating and set a $17.00 price target on the stock. in a research note on Friday, August 30th.

Institutional Trading of Suburban Propane Partners

A number of institutional investors have recently added to or reduced their stakes in SPH. CWM LLC lifted its position in shares of Suburban Propane Partners by 52.1% during the 2nd quarter. CWM LLC now owns 2,144 shares of the energy company’s stock valued at $41,000 after acquiring an additional 734 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Suburban Propane Partners in the 2nd quarter worth approximately $193,000. Oppenheimer & Co. Inc. increased its stake in Suburban Propane Partners by 7.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company’s stock valued at $197,000 after purchasing an additional 800 shares in the last quarter. Biechele Royce Advisors acquired a new position in Suburban Propane Partners during the second quarter worth $211,000. Finally, LRI Investments LLC purchased a new stake in Suburban Propane Partners during the first quarter worth $255,000. 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.