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

Star Group, L.P. (NYSE:SGU)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.88 and traded as high as $13.23. Star Group shares last traded at $13.10, with a volume of 18,135 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Star Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 7th.

Star Group Price Performance

The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.63. The stock’s 50-day moving average price is $12.07 and its 200-day moving average price is $11.88. The company has a market capitalization of $452.65 million, a price-to-earnings ratio of 12.59 and a beta of 0.48.

Star Group (NYSE:SGU) last posted its quarterly earnings data on Wednesday, February 5th. The pipeline company reported $0.79 earnings per share (EPS) for the quarter. Star Group had a return on equity of 18.47% and a net margin of 3.19%.

Star Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, January 27th were issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 5.27%. The ex-dividend date was Monday, January 27th. Star Group’s dividend payout ratio is 66.35%.

Institutional Trading of Star Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Crews Bank & Trust bought a new position in shares of Star Group in the 4th quarter valued at about $25,000. State of Tennessee Department of Treasury acquired a new position in Star Group in the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp bought a new position in Star Group in the fourth quarter valued at approximately $27,000. Roxbury Financial LLC acquired a new stake in Star Group during the 4th quarter worth $122,000. Finally, Cary Street Partners Financial LLC acquired a new stake in Star Group during the 4th quarter worth $144,000. 40.36% of the stock is owned by 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.