Star Group (NYSE:SGU) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Star Group, L.P. (NYSE:SGU) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.10 and traded as high as $13.01. Star Group shares last traded at $12.7750, with a volume of 36,971 shares changing hands.

Wall Street Analyst Weigh In

SGU has been the topic of a number of analyst reports. Wall Street Zen raised shares of Star Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 31st. Weiss Ratings upgraded Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, January 13th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Star Group Trading Down 1.4%

The company has a quick ratio of 0.58, a current ratio of 0.74 and a debt-to-equity ratio of 0.50. The business’s fifty day moving average is $12.71 and its 200 day moving average is $12.11. The stock has a market cap of $406.13 million, a PE ratio of 7.82 and a beta of 0.35.

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

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 paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Monday, January 26th. Star Group’s payout ratio is 46.84%.

Hedge Funds Weigh In On Star Group

Several hedge funds have recently bought and sold shares of SGU. Atom Investors LP lifted its position in shares of Star Group by 11.4% in the fourth quarter. Atom Investors LP now owns 20,586 shares of the pipeline company’s stock valued at $244,000 after acquiring an additional 2,110 shares in the last quarter. Royal Bank of Canada lifted its holdings in Star Group by 5,446.2% in the 4th quarter. Royal Bank of Canada now owns 2,163 shares of the pipeline company’s stock valued at $25,000 after purchasing an additional 2,124 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Star Group during the 4th quarter worth about $80,000. LPL Financial LLC boosted its stake in shares of Star Group by 14.6% during the 4th quarter. LPL Financial LLC now owns 17,169 shares of the pipeline company’s stock worth $203,000 after purchasing an additional 2,188 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Star Group by 77.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 31,891 shares of the pipeline company’s stock worth $378,000 after buying an additional 13,887 shares in the last quarter. Hedge funds and other 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.