Suburban Propane Partners, L.P. (NYSE:SPH) Stock Holdings Lowered by MBM Wealth Consultants LLC

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Antonetti Capital Management LLC bought a new position in Suburban Propane Partners in the 1st quarter valued at about $29,000. Eaton Vance Management grew its position in Suburban Propane Partners by 100.0% in the 4th quarter. Eaton Vance Management now owns 8,000 shares of the energy company’s stock valued at $59,000 after buying an additional 4,000 shares in the last quarter. Capital Advisory Group Advisory Services LLC acquired a new stake in Suburban Propane Partners in the 1st quarter valued at about $93,000. Allworth Financial LP lifted its holdings in Suburban Propane Partners by 137.4% in the 1st quarter. Allworth Financial LP now owns 6,145 shares of the energy company’s stock valued at $99,000 after acquiring an additional 3,556 shares during the last quarter. Finally, Kenfarb & CO. acquired a new stake in Suburban Propane Partners in the 4th quarter valued at about $173,000. Institutional investors own 20.06% of the company’s stock.

Suburban Propane Partners Price Performance

Shares of NYSE SPH opened at $16.67 on Friday. Suburban Propane Partners, L.P. has a twelve month low of $13.83 and a twelve month high of $17.75. The company has a current ratio of 0.89, a quick ratio of 0.61 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 6.00 and a beta of 0.63. The firm has a 50-day moving average of $16.16 and a two-hundred day moving average of $16.16.

Suburban Propane Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 9th. Shareholders of record on Tuesday, August 2nd were issued a $0.325 dividend. 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 payout ratio is 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.

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

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