Short Interest in Star Group, L.P. (NYSE:SGU) Drops By 23.9%

Star Group, L.P. (NYSE:SGU) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 61,200 shares, a decrease of 23.9% from the February 13th total of 80,400 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 31,100 shares, the short-interest ratio is currently 2.0 days.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Star Group from a “buy” rating to a “strong-buy” rating in a report on Friday, February 7th.

Star Group Stock Up 1.4 %

Shares of SGU stock traded up $0.19 during trading hours on Wednesday, reaching $13.49. The company had a trading volume of 5,577 shares, compared to its average volume of 39,944. Star Group has a 12 month low of $9.64 and a 12 month high of $13.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.83 and a quick ratio of 0.66. The business has a fifty day simple moving average of $12.42 and a 200-day simple moving average of $11.99. The company has a market cap of $466.31 million, a price-to-earnings ratio of 12.97 and a beta of 0.46.

Star Group (NYSE:SGU) last issued its quarterly earnings results on Wednesday, February 5th. The pipeline company reported $0.79 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 company also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Monday, January 27th were given a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend was Monday, January 27th. Star Group’s dividend payout ratio is currently 66.35%.

Institutional Trading of Star Group

A number of large investors have recently bought and sold shares of the company. MGO One Seven LLC increased its position in Star Group by 7.9% in the fourth quarter. MGO One Seven LLC now owns 17,193 shares of the pipeline company’s stock worth $198,000 after buying an additional 1,255 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Star Group by 7.7% in the fourth quarter. LPL Financial LLC now owns 17,932 shares of the pipeline company’s stock worth $207,000 after acquiring an additional 1,276 shares during the period. Crews Bank & Trust bought a new position in shares of Star Group in the fourth quarter worth $25,000. State of Tennessee Department of Treasury bought a new position in shares of Star Group in the fourth quarter worth $26,000. Finally, Jones Financial Companies Lllp bought a new position in shares of Star Group in the fourth quarter worth $27,000. 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.