Michael A. Schueler Sells 7,746 Shares of Suburban Propane Partners, L.P. (NYSE:SPH) Stock

Suburban Propane Partners, L.P. (NYSE:SPH) VP Michael A. Schueler sold 7,746 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $20.93, for a total transaction of $162,123.78. Following the completion of the transaction, the vice president now owns 11,133 shares in the company, valued at approximately $233,013.69. This represents a 41.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Suburban Propane Partners Trading Up 0.6 %

Shares of NYSE SPH opened at $21.60 on Friday. The firm’s 50 day moving average price is $19.09 and its 200-day moving average price is $18.47. The company has a market cap of $1.39 billion, a PE ratio of 20.37 and a beta of 0.51. Suburban Propane Partners, L.P. has a 52-week low of $15.20 and a 52-week high of $21.89. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.33 and a current ratio of 0.51.

Suburban Propane Partners (NYSE:SPH) last issued its earnings results on Thursday, February 6th. The energy company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.46). Suburban Propane Partners had a return on equity of 11.54% and a net margin of 5.18%. During the same quarter in the prior year, the company posted $0.38 earnings per share.

Suburban Propane Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were given a dividend of $0.325 per share. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.30 dividend on an annualized basis and a yield of 6.02%. Suburban Propane Partners’s dividend payout ratio (DPR) is 122.64%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Suburban Propane Partners during the fourth quarter valued at approximately $24,340,000. JPMorgan Chase & Co. increased its stake in shares of Suburban Propane Partners by 6.2% in the fourth quarter. JPMorgan Chase & Co. now owns 684,155 shares of the energy company’s stock worth $11,767,000 after purchasing an additional 40,239 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Suburban Propane Partners in the fourth quarter worth $3,474,000. Levin Capital Strategies L.P. increased its stake in shares of Suburban Propane Partners by 10.3% in the fourth quarter. Levin Capital Strategies L.P. now owns 194,186 shares of the energy company’s stock worth $3,340,000 after purchasing an additional 18,196 shares in the last quarter. Finally, Lido Advisors LLC increased its stake in shares of Suburban Propane Partners by 13.0% in the fourth quarter. Lido Advisors LLC now owns 169,837 shares of the energy company’s stock worth $2,921,000 after purchasing an additional 19,532 shares in the last quarter. 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.