Suburban Propane Partners (NYSE:SPH) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of Suburban Propane Partners, L.P. (NYSE:SPH) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $18.21 and traded as high as $19.80. Suburban Propane Partners shares last traded at $19.71, with a volume of 205,427 shares traded.

Suburban Propane Partners Trading Down 3.9 %

The company has a 50 day simple moving average of $18.35 and a two-hundred day simple moving average of $18.22. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.33 and a current ratio of 0.51. The firm has a market cap of $1.24 billion, a PE ratio of 16.82 and a beta of 0.48.

Suburban Propane Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were issued a $0.325 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $1.30 annualized dividend and a yield of 6.78%. Suburban Propane Partners’s dividend payout ratio (DPR) is presently 114.04%.

Insiders Place Their Bets

In other Suburban Propane Partners news, VP A Davin Dambrosio sold 6,500 shares of Suburban Propane Partners stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $18.90, for a total transaction of $122,850.00. Following the completion of the transaction, the vice president now owns 76,176 shares in the company, valued at approximately $1,439,726.40. This trade represents a 7.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Craig Palleschi sold 2,800 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $17.72, for a total value of $49,616.00. Following the completion of the transaction, the vice president now directly owns 21,898 shares of the company’s stock, valued at approximately $388,032.56. This trade represents a 11.34 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Suburban Propane Partners

Several institutional investors have recently made changes to their positions in the company. Cetera Trust Company N.A purchased a new position in Suburban Propane Partners in the fourth quarter valued at $28,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Suburban Propane Partners in the 2nd quarter valued at about $193,000. Oppenheimer & Co. Inc. raised its holdings in Suburban Propane Partners by 7.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company’s stock worth $197,000 after purchasing an additional 800 shares during the period. Captrust Financial Advisors purchased a new position in Suburban Propane Partners during the third quarter worth approximately $270,000. Finally, Greenup Street Wealth Management LLC grew its holdings in Suburban Propane Partners by 8.1% in the third quarter. Greenup Street Wealth Management LLC now owns 22,425 shares of the energy company’s stock valued at $402,000 after purchasing an additional 1,675 shares during the period. 30.94% of the stock is owned by hedge funds and other institutional investors.

About Suburban Propane Partners

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.