Insider Selling: Suburban Propane Partners, L.P. (NYSE:SPH) VP 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 dated Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total value of $122,850.00. Following the completion of the sale, the vice president now owns 76,176 shares of the company’s stock, valued at $1,439,726.40. This trade represents a 7.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Suburban Propane Partners Trading Up 2.2 %

NYSE SPH opened at $19.77 on Friday. The company’s 50 day moving average price is $18.37 and its 200 day moving average price is $18.52. Suburban Propane Partners, L.P. has a one year low of $15.20 and a one year high of $22.33. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.45 and a current ratio of 0.65. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 17.34 and a beta of 0.43.

Suburban Propane Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were given a $0.325 dividend. This represents a $1.30 annualized dividend and a yield of 6.58%. The ex-dividend date of this dividend was Tuesday, November 5th. Suburban Propane Partners’s dividend payout ratio (DPR) is presently 114.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of Suburban Propane Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Wells Fargo & Company lowered Suburban Propane Partners from an “equal weight” rating to an “underweight” rating and set a $17.00 target price on the stock. in a research report on Friday, August 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SPH. CWM LLC grew its stake in shares of Suburban Propane Partners by 52.1% in the second quarter. CWM LLC now owns 2,144 shares of the energy company’s stock valued at $41,000 after buying an additional 734 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Suburban Propane Partners by 7.9% in the third 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 in the last quarter. Simplicity Wealth LLC grew its position in Suburban Propane Partners by 4.2% in the third quarter. Simplicity Wealth LLC now owns 22,963 shares of the energy company’s stock valued at $412,000 after acquiring an additional 936 shares in the last quarter. Greenup Street Wealth Management LLC lifted its position in shares of Suburban Propane Partners by 8.1% during the third quarter. Greenup Street Wealth Management LLC now owns 22,425 shares of the energy company’s stock worth $402,000 after purchasing an additional 1,675 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Suburban Propane Partners by 3.8% during the third quarter. Janney Montgomery Scott LLC now owns 50,029 shares of the energy company’s stock worth $898,000 after purchasing an additional 1,818 shares in 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.