Star Group (NYSE:SGU) Announces Earnings Results

Star Group (NYSE:SGUGet Free Report) posted its quarterly earnings data on Wednesday. The pipeline company reported ($0.84) earnings per share for the quarter, FiscalAI reports. The company had revenue of $358.07 million during the quarter. Star Group had a net margin of 4.57% and a return on equity of 25.17%.

Star Group Trading Up 1.2%

Shares of SGU traded up $0.15 during trading hours on Friday, hitting $12.91. 9,881 shares of the stock were exchanged, compared to its average volume of 25,018. Star Group has a fifty-two week low of $11.37 and a fifty-two week high of $13.53. The business has a 50-day moving average of $12.78 and a 200-day moving average of $12.76. The firm has a market capitalization of $424.00 million, a P/E ratio of 6.91 and a beta of 0.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.99 and a quick ratio of 0.81.

Star Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Monday, July 27th were given a dividend of $0.1975 per share. The ex-dividend date was Monday, July 27th. This represents a $0.79 annualized dividend and a dividend yield of 6.1%. Star Group’s dividend payout ratio is 35.43%.

Institutional Trading of Star Group

A number of institutional investors have recently bought and sold shares of SGU. Lubar & Co. Inc acquired a new stake in Star Group during the 4th quarter worth about $15,344,000. Renaissance Technologies LLC boosted its position in shares of Star Group by 1.1% during the 1st quarter. Renaissance Technologies LLC now owns 910,108 shares of the pipeline company’s stock valued at $11,176,000 after purchasing an additional 10,281 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Star Group by 14.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 129,080 shares of the pipeline company’s stock valued at $1,585,000 after purchasing an additional 16,544 shares in the last quarter. UBS Group AG grew its stake in Star Group by 6.8% during the third quarter. UBS Group AG now owns 52,025 shares of the pipeline company’s stock worth $615,000 after purchasing an additional 3,333 shares during the period. Finally, Maridea Wealth Management LLC acquired a new stake in Star Group during the second quarter worth approximately $550,000. Institutional investors own 40.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Star Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

View Our Latest Stock Report on SGU

Star Group Company Profile

(Get Free Report)

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.

See Also

Earnings History for Star Group (NYSE:SGU)

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