Suburban Propane Partners, L.P. (NYSE:SPH) VP Sells $122,850.00 in Stock

Suburban Propane Partners, L.P. (NYSE:SPH) VP A Davin Dambrosio sold 6,500 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Suburban Propane Partners Trading Up 1.5 %

NYSE SPH traded up $0.29 during mid-day trading on Wednesday, reaching $19.25. 151,675 shares of the stock were exchanged, compared to its average volume of 221,466. Suburban Propane Partners, L.P. has a 1-year low of $15.20 and a 1-year high of $22.33. The business’s fifty day simple moving average is $18.31 and its 200 day simple moving average is $18.51. The stock has a market capitalization of $1.23 billion, a PE ratio of 16.93 and a beta of 0.43. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.45 and a current ratio of 0.65.

Suburban Propane Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were given a dividend of $0.325 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.30 dividend on an annualized basis and a yield of 6.75%. Suburban Propane Partners’s dividend payout ratio (DPR) is currently 114.04%.

Analysts Set New Price Targets

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

Institutional Trading of Suburban Propane Partners

A number of hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors acquired a new stake in Suburban Propane Partners during the third quarter worth approximately $270,000. Oppenheimer & Co. Inc. boosted 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 purchasing an additional 800 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Suburban Propane Partners by 3.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 50,029 shares of the energy company’s stock valued at $898,000 after purchasing an additional 1,818 shares during the last quarter. Greenup Street Wealth Management LLC boosted its holdings in shares of Suburban Propane Partners by 8.1% in the 3rd 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 last quarter. Finally, Simplicity Wealth LLC boosted its holdings in shares of Suburban Propane Partners by 4.2% in the 3rd quarter. Simplicity Wealth LLC now owns 22,963 shares of the energy company’s stock valued at $412,000 after purchasing an additional 936 shares during the last quarter. Institutional investors and hedge funds 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.