Sprague Resources (NYSE:SRLP) released its quarterly earnings data on Thursday. The oil and gas company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.58, Morningstar.com reports. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.13 billion. Sprague Resources had a return on equity of 17.62% and a net margin of 0.73%.

NYSE:SRLP traded up $0.27 during trading hours on Friday, hitting $17.00. The company’s stock had a trading volume of 2,500 shares, compared to its average volume of 47,220. The firm has a market capitalization of $380.34 million, a PE ratio of 15.04 and a beta of 1.55. The company has a quick ratio of 1.05, a current ratio of 1.85 and a debt-to-equity ratio of 4.62. Sprague Resources has a twelve month low of $13.76 and a twelve month high of $28.00.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 13th. Investors of record on Friday, February 8th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 15.71%. The ex-dividend date of this dividend was Thursday, February 7th. Sprague Resources’s dividend payout ratio (DPR) is presently 236.28%.

Several analysts recently weighed in on the company. ValuEngine lowered Sprague Resources from a “hold” rating to a “sell” rating in a research note on Monday. Zacks Investment Research lowered Sprague Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 22nd. Three investment analysts have rated the stock with a sell rating and one has assigned a buy rating to the company’s stock. Sprague Resources has an average rating of “Hold” and an average target price of $28.00.

Large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP acquired a new stake in shares of Sprague Resources during the third quarter valued at about $7,172,000. Cardan Capital Partners LLC acquired a new stake in shares of Sprague Resources during the third quarter valued at about $213,000. Cohen & Steers Inc. boosted its stake in shares of Sprague Resources by 3.6% during the third quarter. Cohen & Steers Inc. now owns 179,347 shares of the oil and gas company’s stock valued at $4,833,000 after purchasing an additional 6,280 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Sprague Resources by 1.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 70,541 shares of the oil and gas company’s stock valued at $1,022,000 after purchasing an additional 1,085 shares in the last quarter. Finally, Securian Asset Management Inc boosted its stake in shares of Sprague Resources by 29.4% during the fourth quarter. Securian Asset Management Inc now owns 62,443 shares of the oil and gas company’s stock valued at $905,000 after purchasing an additional 14,200 shares in the last quarter. 19.99% of the stock is currently owned by institutional investors and hedge funds.

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About Sprague Resources

Sprague Resources LP engages in the purchase, storage, distribution, and sale of refined petroleum products and natural gas in the United States. The company operates through four segments: Refined Products, Natural Gas, Materials Handling, and Other Operations. The Refined Products segment purchases and sells various refined products, such as heating oil, diesel fuel, residual fuel oil, kerosene, jet fuel, gasoline, and asphalt to wholesale, retail, and commercial customers.

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Earnings History for Sprague Resources (NYSE:SRLP)

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