Sprague Resources LP (NYSE:SRLP – Get Rating) insider David C. Glendon sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $28.16, for a total value of $61,952.00. Following the completion of the sale, the insider now owns 109,359 shares of the company’s stock, valued at approximately $3,079,549.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Sprague Resources Trading Up 0.1 %
SRLP stock opened at $19.85 on Tuesday. Sprague Resources LP has a 1-year low of $12.31 and a 1-year high of $21.98. The business’s 50 day moving average is $19.26 and its 200-day moving average is $17.86. The firm has a market cap of $520.82 million, a P/E ratio of -5.22 and a beta of 0.41.
Sprague Resources (NYSE:SRLP – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The oil and gas company reported ($1.73) earnings per share for the quarter. The company had revenue of $1.28 billion during the quarter. Sprague Resources had a negative net margin of 2.03% and a negative return on equity of 66.70%.
Sprague Resources Dividend Announcement
Institutional Trading of Sprague Resources
Several large investors have recently added to or reduced their stakes in the company. HM Payson & Co. raised its stake in shares of Sprague Resources by 66.7% in the fourth quarter. HM Payson & Co. now owns 2,500 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 1,000 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Sprague Resources by 150,480.0% during the 1st quarter. JPMorgan Chase & Co. now owns 225,870 shares of the oil and gas company’s stock valued at $3,734,000 after purchasing an additional 225,720 shares in the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in Sprague Resources by 6.9% in the first quarter. Kayne Anderson Capital Advisors LP now owns 21,700 shares of the oil and gas company’s stock worth $359,000 after purchasing an additional 1,400 shares in the last quarter. Gabelli Funds LLC bought a new stake in shares of Sprague Resources during the first quarter worth $179,000. Finally, Charter Oak Capital Management LLC acquired a new stake in shares of Sprague Resources in the second quarter valued at $90,000. 92.66% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Sprague Resources from a “hold” rating to a “buy” rating in a research report on Monday, August 8th.
About Sprague Resources
As of May 28, 2021, operates as a subsidiary of Hartree Partners, LP. As of May 28, 2021, Sprague Resources LP operates as a subsidiary of Hartree Partners, LP.
- Get a free copy of the StockNews.com research report on Sprague Resources (SRLP)
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