Keith P. Onderdonk Sells 4,500 Shares of Suburban Propane Partners, L.P. (SPH) Stock

Suburban Propane Partners, L.P. (NYSE:SPH) insider Keith P. Onderdonk sold 4,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $23.33, for a total transaction of $104,985.00. Following the completion of the sale, the insider now owns 28,665 shares of the company’s stock, valued at $668,754.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Suburban Propane Partners, L.P. (NYSE:SPH) traded down $0.06 during midday trading on Friday, hitting $23.27. 378,300 shares of the company’s stock were exchanged, compared to its average volume of 320,468. The stock has a market capitalization of $1,432.21, a PE ratio of 38.25 and a beta of 0.64. Suburban Propane Partners, L.P. has a fifty-two week low of $22.71 and a fifty-two week high of $32.17. The company has a current ratio of 0.66, a quick ratio of 0.41 and a debt-to-equity ratio of 2.30.

Suburban Propane Partners (NYSE:SPH) last posted its quarterly earnings results on Thursday, November 16th. The energy company reported ($0.83) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.87) by $0.04. The business had revenue of $197.11 million during the quarter, compared to analysts’ expectations of $187.97 million. Suburban Propane Partners had a net margin of 3.20% and a return on equity of 5.81%. The business’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.99) earnings per share. sell-side analysts forecast that Suburban Propane Partners, L.P. will post 1.45 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of SPH. Advisors Asset Management Inc. raised its holdings in shares of Suburban Propane Partners by 10.1% in the second quarter. Advisors Asset Management Inc. now owns 41,743 shares of the energy company’s stock worth $993,000 after buying an additional 3,814 shares during the last quarter. Blair William & Co. IL raised its holdings in shares of Suburban Propane Partners by 1.8% in the second quarter. Blair William & Co. IL now owns 49,010 shares of the energy company’s stock worth $1,166,000 after buying an additional 845 shares during the last quarter. Federated Investors Inc. PA raised its holdings in shares of Suburban Propane Partners by 8.8% in the second quarter. Federated Investors Inc. PA now owns 177,378 shares of the energy company’s stock worth $4,220,000 after buying an additional 14,390 shares during the last quarter. HITE Hedge Asset Management LLC raised its holdings in shares of Suburban Propane Partners by 1,349.6% in the second quarter. HITE Hedge Asset Management LLC now owns 325,112 shares of the energy company’s stock worth $7,734,000 after buying an additional 302,684 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Suburban Propane Partners by 1.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 38,761 shares of the energy company’s stock worth $922,000 after purchasing an additional 533 shares during the last quarter. 25.82% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research upgraded shares of Suburban Propane Partners from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $27.00.

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Suburban Propane Partners Company Profile

Suburban Propane Partners, L.P. is a marketer and distributor of a range of products. The Company specializes in the distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. The Company’s segments include Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other.

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