Land This Bargain Energy Stock 6.6% Yielder Even Cheaper Than Chief Financial Officer Ambury Did

By Energy Stock Channel Staff, Friday, June 24, 10:03 AM ET

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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 23, Star Group LP's Chief Financial Officer, Richard Ambury, invested $46,200.00 into 5,000 shares of SGU, for a cost per share of $9.24. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Friday, bargain hunters could buy shares of Star Group LP (NYSE:SGU) and achieve a cost basis even cheaper than Ambury, with shares changing hands as low as $9.23 per share. Star Group LP shares are currently trading up about 0.8% on the day. The chart below shows the one year performance of SGU shares, versus its 200 day moving average:

Star Group LP Chart

Looking at the chart above, SGU's low point in its 52 week range is $9.08 per share, with $11.89 as the 52 week high point — that compares with a last trade of $9.47. By comparison, below is a table showing the prices at which SGU insider buying was recorded over the last six months:

Purchased	Insider	Title	Shares	Price/Share	Value
05/23/2022	Richard Ambury	Chief Financial Officer	5,000	$9.24	$46,200.00
05/23/2022	Jeffrey M. Woosnam	President and CEO	5,000	$9.22	$46,100.00

The current annualized dividend paid by Star Group LP is $0.61/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 04/22/2022. Below is a long-term dividend history chart for SGU, which can be of good help in judging whether the most recent dividend with approx. 6.6% annualized yield is likely to continue.

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