Star Group (NYSE:SGU) Shares Cross Above 200-Day Moving Average – Should You Sell?

Star Group, L.P. (NYSE:SGU) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.82 and traded as high as $12.05. Star Group shares last traded at $11.87, with a volume of 13,948 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SGU shares. Wall Street Zen downgraded shares of Star Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Star Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Star Group Trading Down 0.3%

The company has a quick ratio of 0.57, a current ratio of 0.70 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average is $11.74 and its 200-day moving average is $11.82. The company has a market cap of $394.87 million, a PE ratio of 8.90 and a beta of 0.31.

Star Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Shareholders of record on Monday, October 27th were given a dividend of $0.185 per share. The ex-dividend date was Monday, October 27th. This represents a $0.74 dividend on an annualized basis and a yield of 6.3%. Star Group’s dividend payout ratio is 56.06%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG grew its stake in Star Group by 6.8% in the 3rd quarter. UBS Group AG now owns 52,025 shares of the pipeline company’s stock worth $615,000 after acquiring an additional 3,333 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of Star Group by 181.5% in the 2nd quarter. Osaic Holdings Inc. now owns 5,199 shares of the pipeline company’s stock worth $61,000 after acquiring an additional 3,352 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Star Group by 91.7% during the third quarter. Bank of America Corp DE now owns 11,844 shares of the pipeline company’s stock valued at $140,000 after buying an additional 5,667 shares during the last quarter. GSA Capital Partners LLP lifted its position in Star Group by 23.0% during the third quarter. GSA Capital Partners LLP now owns 35,534 shares of the pipeline company’s stock valued at $420,000 after acquiring an additional 6,651 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Star Group during the 2nd quarter valued at $89,000. 40.36% of the stock is owned by hedge funds and other institutional investors.

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.