Star Group (NYSE:SGU) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of Star Group (NYSE:SGU) from a buy rating to a strong-buy rating in a research note released on Friday morning.

Star Group Stock Performance

SGU opened at $12.24 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 0.63. The stock has a market cap of $423.26 million, a price-to-earnings ratio of 11.77 and a beta of 0.48. Star Group has a 12-month low of $9.64 and a 12-month high of $12.99. The business has a 50 day moving average of $11.70 and a 200-day moving average of $11.66.

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

Star Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Monday, January 27th were paid a $0.1725 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $0.69 dividend on an annualized basis and a yield of 5.64%. Star Group’s dividend payout ratio (DPR) is currently 66.35%.

Institutional Investors Weigh In On Star Group

Several hedge funds have recently bought and sold shares of the stock. Crews Bank & Trust acquired a new position in shares of Star Group in the fourth quarter valued at approximately $25,000. Jones Financial Companies Lllp bought a new stake in Star Group in the 4th quarter valued at $27,000. Roxbury Financial LLC acquired a new position in Star Group in the 4th quarter valued at $122,000. GSA Capital Partners LLP grew its holdings in Star Group by 89.4% in the 3rd quarter. GSA Capital Partners LLP now owns 22,884 shares of the pipeline company’s stock valued at $269,000 after buying an additional 10,799 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new position in Star Group during the 3rd quarter worth $566,000. 40.36% of the stock is currently 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.