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

Suburban Propane Partners, L.P. (NYSE:SPH) insider Keith P. Onderdonk sold 4,500 shares of the stock in a transaction dated 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 approximately $668,754.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Suburban Propane Partners, L.P. (NYSE SPH) traded up $0.31 during midday trading on Friday, hitting $23.58. 317,668 shares of the company traded hands, compared to its average volume of 352,844. 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, L.P. has a twelve month low of $22.71 and a twelve month high of $32.17. The company has a market capitalization of $1,428.53, a PE ratio of 38.66 and a beta of 0.64.

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

Separately, Zacks Investment Research cut shares of Suburban Propane Partners from a “buy” rating to a “sell” rating in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $27.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of Suburban Propane Partners by 42.3% in the third quarter. JPMorgan Chase & Co. now owns 1,060,051 shares of the energy company’s stock valued at $27,455,000 after buying an additional 314,973 shares during the period. Goldman Sachs Group Inc. lifted its stake in Suburban Propane Partners by 18.4% during the second quarter. Goldman Sachs Group Inc. now owns 967,175 shares of the energy company’s stock worth $23,009,000 after purchasing an additional 150,423 shares during the period. ING Groep NV lifted its stake in Suburban Propane Partners by 300.2% during the third quarter. ING Groep NV now owns 430,602 shares of the energy company’s stock worth $11,234,000 after purchasing an additional 323,000 shares during the period. Abrams Capital Management L.P. bought a new position in Suburban Propane Partners during the second quarter worth about $9,254,000. Finally, HITE Hedge Asset Management LLC lifted its stake in Suburban Propane Partners by 1,349.6% during the second quarter. HITE Hedge Asset Management LLC now owns 325,112 shares of the energy company’s stock worth $7,734,000 after purchasing an additional 302,684 shares during the period. Institutional investors and hedge funds own 25.82% of the company’s stock.

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About Suburban Propane Partners

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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