MBM Wealth Consultants LLC Sells 4,581 Shares of Suburban Propane Partners, L.P. (NYSE:SPH)

MBM Wealth Consultants LLC lowered its stake in shares of Suburban Propane Partners, L.P. (NYSE:SPHGet Rating) by 44.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,810 shares of the energy company’s stock after selling 4,581 shares during the quarter. MBM Wealth Consultants LLC’s holdings in Suburban Propane Partners were worth $94,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Antonetti Capital Management LLC bought a new position in Suburban Propane Partners during the first quarter worth $29,000. Eaton Vance Management increased its position in Suburban Propane Partners by 100.0% during the fourth quarter. Eaton Vance Management now owns 8,000 shares of the energy company’s stock worth $59,000 after acquiring an additional 4,000 shares during the period. Capital Advisory Group Advisory Services LLC bought a new position in Suburban Propane Partners during the first quarter worth $93,000. Allworth Financial LP increased its position in Suburban Propane Partners by 137.4% during the first quarter. Allworth Financial LP now owns 6,145 shares of the energy company’s stock worth $99,000 after acquiring an additional 3,556 shares during the period. Finally, Kenfarb & CO. bought a new position in Suburban Propane Partners during the fourth quarter worth $173,000. Institutional investors own 20.06% of the company’s stock.

Suburban Propane Partners Trading Up 0.3 %

Shares of SPH stock opened at $16.67 on Friday. Suburban Propane Partners, L.P. has a 1 year low of $13.83 and a 1 year high of $17.75. The firm’s fifty day simple moving average is $16.16 and its 200 day simple moving average is $16.16. The firm has a market capitalization of $1.05 billion, a P/E ratio of 6.00 and a beta of 0.63. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 1.91.

Suburban Propane Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 9th. Investors of record on Tuesday, August 2nd were given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date of this dividend was Monday, August 1st. Suburban Propane Partners’s dividend payout ratio (DPR) is currently 46.76%.

Suburban Propane Partners Company Profile

(Get Rating)

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company operates in four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other. The Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users.

See Also

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Institutional Ownership by Quarter for Suburban Propane Partners (NYSE:SPH)

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