Suburban Propane Partners, L.P. (NYSE:SPH) VP Sells $49,616.00 in Stock

Suburban Propane Partners, L.P. (NYSE:SPH) VP Craig Palleschi sold 2,800 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $17.72, for a total value of $49,616.00. Following the transaction, the vice president now directly owns 21,898 shares in the company, valued at approximately $388,032.56. This represents a 11.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Suburban Propane Partners Trading Down 0.9 %

Shares of NYSE SPH opened at $17.83 on Thursday. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 15.64 and a beta of 0.43. The business has a 50 day simple moving average of $18.24 and a 200 day simple moving average of $18.55. 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, L.P. has a 52 week low of $15.20 and a 52 week high of $22.33.

Suburban Propane Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.325 per share. The ex-dividend date was Tuesday, November 5th. This represents a $1.30 annualized dividend and a dividend yield of 7.29%. Suburban Propane Partners’s dividend payout ratio (DPR) is 114.04%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. StockNews.com lowered 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 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.

Institutional Investors Weigh In On Suburban Propane Partners

Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC raised its holdings in Suburban Propane Partners by 52.1% during 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. B. Riley Wealth Advisors Inc. bought a new stake in shares of Suburban Propane Partners during the 2nd quarter worth about $193,000. Oppenheimer & Co. Inc. increased its holdings 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. Biechele Royce Advisors bought a new position in shares of Suburban Propane Partners in the 2nd quarter valued at approximately $211,000. Finally, LRI Investments LLC acquired a new stake in Suburban Propane Partners in the 1st quarter worth approximately $255,000. Institutional investors and hedge funds 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.