Insider Selling: Suburban Propane Partners, L.P. (NYSE:SPH) VP Sells 7,746 Shares of Stock

Suburban Propane Partners, L.P. (NYSE:SPH) VP Michael A. Schueler sold 7,746 shares of Suburban Propane Partners stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $20.93, for a total value of $162,123.78. Following the completion of the sale, the vice president now directly owns 11,133 shares of the company’s stock, valued at approximately $233,013.69. This trade represents a 41.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Suburban Propane Partners Stock Up 0.6 %

SPH stock opened at $21.60 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.51 and a debt-to-equity ratio of 2.21. The firm has a market capitalization of $1.39 billion, a PE ratio of 20.37 and a beta of 0.51. Suburban Propane Partners, L.P. has a twelve month low of $15.20 and a twelve month high of $21.89. The stock has a 50-day simple moving average of $19.09 and a two-hundred day simple moving average of $18.47.

Suburban Propane Partners (NYSE:SPH) last posted its earnings results on Thursday, February 6th. The energy company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.46). Suburban Propane Partners had a net margin of 5.18% and a return on equity of 11.54%. During the same period in the previous year, the business posted $0.38 EPS.

Suburban Propane Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th were issued a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date was Tuesday, February 4th. Suburban Propane Partners’s payout ratio is presently 122.64%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in shares of Suburban Propane Partners by 31.8% during 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. boosted its position in shares of Suburban Propane Partners by 7.9% during 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 last quarter. Wealthstar Advisors LLC bought a new stake in shares of Suburban Propane Partners during the 4th quarter valued at about $554,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Suburban Propane Partners during the 4th quarter valued at about $24,340,000. Finally, Captrust Financial Advisors bought a new stake in shares of Suburban Propane Partners during the 3rd quarter valued at about $270,000. Hedge funds and other institutional investors own 30.94% of the company’s stock.

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.