Suburban Propane Partners, L.P. (NYSE:SPH) VP A Davin Dambrosio Sells 6,500 Shares of Stock

Suburban Propane Partners, L.P. (NYSE:SPH) VP A Davin Dambrosio sold 6,500 shares of Suburban Propane Partners stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $18.90, for a total transaction of $122,850.00. Following the sale, the vice president now directly owns 76,176 shares of the company’s stock, valued at approximately $1,439,726.40. This trade represents a 7.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Suburban Propane Partners Price Performance

Shares of NYSE:SPH opened at $19.35 on Thursday. Suburban Propane Partners, L.P. has a 12 month low of $15.20 and a 12 month high of $22.33. The firm has a market capitalization of $1.24 billion, a P/E ratio of 16.97 and a beta of 0.43. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.65 and a quick ratio of 0.45. The company’s fifty day moving average price is $18.34 and its 200 day moving average price is $18.52.

Suburban Propane Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date was Tuesday, November 5th. Suburban Propane Partners’s dividend payout ratio (DPR) is currently 114.04%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SPH. StockNews.com cut Suburban Propane Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Wells Fargo & Company cut Suburban Propane Partners from an “equal weight” rating to an “underweight” rating and set a $17.00 target price for the company. in a research note on Friday, August 30th.

Institutional Trading of Suburban Propane Partners

A number of large investors have recently made changes to their positions in the company. CWM LLC increased its position in Suburban Propane Partners by 52.1% during the second quarter. CWM LLC now owns 2,144 shares of the energy company’s stock worth $41,000 after buying an additional 734 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in shares of Suburban Propane Partners during the second quarter worth approximately $193,000. Oppenheimer & Co. Inc. increased its holdings in shares of Suburban Propane Partners by 7.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 10,961 shares of the energy company’s stock valued at $197,000 after acquiring an additional 800 shares during the period. Biechele Royce Advisors acquired a new position in shares of Suburban Propane Partners in the 2nd quarter valued at $211,000. Finally, LRI Investments LLC acquired a new stake in Suburban Propane Partners during the 1st quarter worth $255,000. 30.94% of the stock is owned by institutional investors and hedge funds.

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.