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 dated Wednesday, November 27th. The shares were sold at an average price of $18.90, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Suburban Propane Partners Stock Up 2.2 %

SPH stock opened at $19.77 on Friday. 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 50 day simple moving average is $18.37 and its 200-day simple moving average is $18.52. 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 $1.27 billion, a PE ratio of 17.34 and a beta of 0.43.

Suburban Propane Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis 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%.

Analyst Upgrades and Downgrades

SPH has been the subject of a number of research reports. StockNews.com downgraded shares of Suburban Propane Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Wells Fargo & Company downgraded 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.

Hedge Funds Weigh In On Suburban Propane Partners

A number of institutional investors have recently made changes to their positions in the stock. CWM LLC increased its position in Suburban Propane Partners by 52.1% during the 2nd quarter. CWM LLC now owns 2,144 shares of the energy company’s stock worth $41,000 after purchasing an additional 734 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Suburban Propane Partners during the second quarter worth about $193,000. Oppenheimer & Co. Inc. raised its position in shares of 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 buying an additional 800 shares during the last quarter. Biechele Royce Advisors purchased a new position in shares of Suburban Propane Partners during the second quarter valued at approximately $211,000. Finally, LRI Investments LLC acquired a new stake in Suburban Propane Partners during the first quarter worth approximately $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.