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

Star Group, L.P. (NYSE:SGU)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.07 and traded as high as $13.26. Star Group shares last traded at $13.03, with a volume of 26,046 shares.

Wall Street Analysts Forecast Growth

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

Star Group Stock Down 0.0 %

The stock has a 50 day moving average price of $12.67 and a 200 day moving average price of $12.07. The stock has a market capitalization of $450.24 million, a price-to-earnings ratio of 12.52 and a beta of 0.46. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.63.

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

Star Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, January 27th were issued a $0.1725 dividend. The ex-dividend date was Monday, January 27th. This represents a $0.69 dividend on an annualized basis and a yield of 5.30%. Star Group’s payout ratio is 66.35%.

Hedge Funds Weigh In On Star Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cary Street Partners Financial LLC bought a new position in Star Group during the fourth quarter worth $144,000. MGO One Seven LLC grew its holdings in Star Group by 7.9% during the 4th quarter. MGO One Seven LLC now owns 17,193 shares of the pipeline company’s stock worth $198,000 after acquiring an additional 1,255 shares during the period. State of Tennessee Department of Treasury acquired a new stake in Star Group during the 4th quarter worth about $26,000. LPL Financial LLC raised its position in shares of Star Group by 7.7% in the 4th quarter. LPL Financial LLC now owns 17,932 shares of the pipeline company’s stock worth $207,000 after acquiring an additional 1,276 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new position in shares of Star Group in the 4th quarter valued at about $27,000. 40.36% of the stock is owned by institutional investors and hedge funds.

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.