Suburban Propane Partners, L.P. (NYSE:SPH) SVP Sells $41,000.00 in Stock

Suburban Propane Partners, L.P. (NYSE:SPH) SVP Douglas Brinkworth sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $20.50, for a total transaction of $41,000.00. Following the transaction, the senior vice president now directly owns 159,355 shares of the company’s stock, valued at approximately $3,266,777.50. This trade represents a 1.24 % 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 1.2 %

Shares of SPH opened at $20.35 on Friday. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.70 and a quick ratio of 0.51. The firm has a 50 day simple moving average of $20.30 and a 200-day simple moving average of $18.93. Suburban Propane Partners, L.P. has a 1-year low of $15.20 and a 1-year high of $22.24. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 19.20 and a beta of 0.46.

Suburban Propane Partners (NYSE:SPH) last released its earnings results on Thursday, February 6th. The energy company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.46). Suburban Propane Partners had a return on equity of 11.81% and a net margin of 5.18%. During the same quarter in the previous year, the firm earned $0.38 earnings per share.

Suburban Propane Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Tuesday, February 4th were paid a $0.325 dividend. The ex-dividend date of this dividend was Tuesday, February 4th. This represents a $1.30 annualized dividend and a yield of 6.39%. Suburban Propane Partners’s payout ratio is currently 122.64%.

Institutional Trading of Suburban Propane Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Suburban Propane Partners by 1.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,404,228 shares of the energy company’s stock worth $58,553,000 after acquiring an additional 33,560 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Suburban Propane Partners in the 4th quarter valued at $24,340,000. JPMorgan Chase & Co. boosted its holdings in shares of Suburban Propane Partners by 6.2% in the 4th quarter. JPMorgan Chase & Co. now owns 684,155 shares of the energy company’s stock valued at $11,767,000 after purchasing an additional 40,239 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Suburban Propane Partners in the 4th quarter valued at $3,474,000. Finally, Levin Capital Strategies L.P. boosted its holdings in shares of Suburban Propane Partners by 10.3% in the 4th quarter. Levin Capital Strategies L.P. now owns 194,186 shares of the energy company’s stock valued at $3,340,000 after purchasing an additional 18,196 shares during the last quarter. 30.94% of the stock is owned by hedge funds and other institutional investors.

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.