Insider Selling: Suburban Propane Partners, L.P. (NYSE:SPH) SVP Sells 2,000 Shares of Stock

Suburban Propane Partners, L.P. (NYSE:SPH) SVP Douglas Brinkworth sold 2,000 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $20.50, for a total value of $41,000.00. Following the sale, the senior vice president now owns 159,355 shares of the company’s stock, valued at approximately $3,266,777.50. This represents a 1.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Suburban Propane Partners Price Performance

Shares of NYSE:SPH opened at $20.24 on Friday. The firm’s 50 day simple moving average is $20.20 and its two-hundred day simple moving average is $18.90. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.70 and a quick ratio of 0.51. The company has a market capitalization of $1.31 billion, a P/E ratio of 19.09 and a beta of 0.46. Suburban Propane Partners, L.P. has a 1-year low of $15.20 and a 1-year high of $22.24.

Suburban Propane Partners (NYSE:SPH) last issued its quarterly earnings results on Thursday, February 6th. The energy company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.46). Suburban Propane Partners had a return on equity of 11.81% and a net margin of 5.18%. During the same period in the previous year, the business posted $0.38 earnings per share.

Suburban Propane Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Tuesday, February 4th were issued a $0.325 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.30 dividend on an annualized basis and a yield of 6.42%. Suburban Propane Partners’s dividend payout ratio is presently 122.64%.

Hedge Funds Weigh In On Suburban Propane Partners

Several hedge funds have recently modified their holdings of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Suburban Propane Partners in the 4th quarter worth $24,340,000. JPMorgan Chase & Co. lifted its holdings in shares of Suburban Propane Partners by 31.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 643,916 shares of the energy company’s stock valued at $11,552,000 after acquiring an additional 155,360 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in Suburban Propane Partners by 7.9% in the third quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company’s stock worth $197,000 after acquiring an additional 800 shares in the last quarter. Levin Capital Strategies L.P. increased its stake in Suburban Propane Partners by 10.3% during the fourth quarter. Levin Capital Strategies L.P. now owns 194,186 shares of the energy company’s stock worth $3,340,000 after acquiring an additional 18,196 shares during the last quarter. Finally, Wealthstar Advisors LLC purchased a new stake in Suburban Propane Partners during the fourth quarter valued at approximately $554,000. Hedge funds and other institutional investors own 30.94% of the company’s stock.

Suburban Propane Partners Company Profile

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, renewable propane, fuel oil, and refined fuels in the United States. The company operates through four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.