Suburban Propane Partners VP Sells $162,123.78 in Stock

On February 11th, Michael A. Schueler, the Vice President of Suburban Propane Partners, L.P. (NYSE:SPH - Get Free Report), sold 7,746 shares of the company’s stock. This transaction took place at an average price of $20.93 per share, resulting in a total sale value of $162,123.78. After this sale, Schueler now holds 11,133 shares in Suburban Propane, which are valued at approximately $233,013.69. It's important to note that this sale represents a significant reduction in his holdings, specifically a 41.03% decrease in the number of shares owned. The details of this transaction were formally disclosed in a filing with the Securities and Exchange Commission (SEC).

Suburban Propane Partners Stock Performance

In midday trading on Thursday, the stock of Suburban Propane Partners (NYSE:SPH) rose by $0.28, reaching a price of $21.49. The trading volume for that day was 114,091 shares, while the average trading volume stands at 323,403 shares. The company has a market capitalization of $1.39 billion, a price-to-earnings (P/E) ratio of 20.27, and a beta of 0.51. Current moving averages reflect a 50-day price of $18.99 and a 200-day price of $18.42. Additionally, the company exhibits financial ratios including a current ratio of 0.51, a quick ratio of 0.33, and a debt-to-equity ratio of 2.21. Over the past year, Suburban Propane’s stock has traded between a low of $15.20 and a high of $21.89.

Recent Earnings Report

Suburban Propane Partners recently shared its earnings report on February 6th. The company announced earnings of $0.30 per share for the quarter, which fell short of analysts’ expectations of $0.76 per share by a notable $0.46. The net margin for the company stands at 5.18%, with a return on equity of 11.54%. For comparison, earnings for the same quarter last year were reported at $0.38 per share.

Dividend Announcement

The company also declared a quarterly dividend that was paid on February 11th. Shareholders who were on record as of February 4th received a dividend of $0.325 per share. The ex-dividend date for this dividend was also February 4th. This dividend results in an annualized payout of $1.30, yielding a rate of 6.05%. It's worth noting that Suburban Propane’s payout ratio is 122.64%, indicating that the company pays out more in dividends than it earns.

Institutional Buying and Selling Activity

Recently, several significant investors have increased their stakes in Suburban Propane Partners. Cetera Trust Company N.A. acquired a new position during the fourth quarter, valued at $28,000. Similarly, Wingate Wealth Advisors Inc. invested approximately $31,000 in the firm during the same quarter. Other notable investments include Duncker Streett & Co. Inc. and Vision Financial Markets LLC, both of which purchased new positions worth around $34,000. Finally, Tandem Financial LLC added a stake valued at about $39,000. Currently, about 30.94% of Suburban Propane's stock is owned by hedge funds and institutional investors.

About Suburban Propane Partners

Suburban Propane Partners, L.P. is an enterprise that operates through its subsidiaries to retail and distribute propane, renewable propane, fuel oil, and refined fuels across the United States. The company functions through four primary segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.

Suburban, Propane, Stock