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

Star Group, L.P. (NYSE:SGU) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.19 and traded as high as $13.12. Star Group shares last traded at $12.91, with a volume of 23,041 shares changing hands.

Wall Street Analysts Forecast Growth

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

Star Group Stock Up 1.3 %

The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average price is $13.01 and its two-hundred day moving average price is $12.19. The company has a market capitalization of $446.26 million, a price-to-earnings ratio of 12.41 and a beta of 0.35.

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

Star Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, January 27th were paid a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date of this dividend was Monday, January 27th. Star Group’s dividend payout ratio (DPR) is presently 66.35%.

Hedge Funds Weigh In On Star Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SGU. JPMorgan Chase & Co. raised its position in shares of Star Group by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 622,573 shares of the pipeline company’s stock valued at $7,309,000 after purchasing an additional 66,806 shares during the period. LPL Financial LLC grew its stake in Star Group by 7.7% in the 4th quarter. LPL Financial LLC now owns 17,932 shares of the pipeline company’s stock valued at $207,000 after buying an additional 1,276 shares during the last quarter. MGO One Seven LLC raised its holdings in Star Group by 7.9% in the 4th quarter. MGO One Seven LLC now owns 17,193 shares of the pipeline company’s stock valued at $198,000 after acquiring an additional 1,255 shares during the period. Cary Street Partners Financial LLC acquired a new stake in Star Group during the fourth quarter worth approximately $144,000. Finally, Roxbury Financial LLC bought a new stake in shares of Star Group during the fourth quarter worth approximately $122,000. 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.