CrossAmerica Partners (NYSE:CAPL) Upgraded by StockNews.com to Strong-Buy Rating

CrossAmerica Partners (NYSE:CAPL) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday.

CrossAmerica Partners Stock Down 2.5 %

CAPL stock opened at $20.38 on Wednesday. CrossAmerica Partners has a twelve month low of $18.43 and a twelve month high of $24.19. The company has a market cap of $774.86 million, a PE ratio of 36.38 and a beta of 1.50. The business’s 50-day simple moving average is $20.93 and its 200 day simple moving average is $20.52.

CrossAmerica Partners (NYSE:CAPL) last released its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.10. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.27 billion. CrossAmerica Partners had a negative return on equity of 314.20% and a net margin of 0.51%. On average, equities research analysts anticipate that CrossAmerica Partners will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new stake in shares of CrossAmerica Partners in the 2nd quarter valued at about $348,000. IFG Advisory LLC acquired a new stake in CrossAmerica Partners in the 2nd quarter valued at approximately $332,000. GSA Capital Partners LLP boosted its holdings in CrossAmerica Partners by 79.7% during the first quarter. GSA Capital Partners LLP now owns 36,412 shares of the oil and gas company’s stock worth $830,000 after purchasing an additional 16,153 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of CrossAmerica Partners in the first quarter valued at about $205,000. Finally, Thrivent Financial for Lutherans raised its stake in shares of CrossAmerica Partners by 18.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 27,021 shares of the oil and gas company’s stock worth $560,000 after purchasing an additional 4,267 shares in the last quarter. Institutional investors own 24.06% of the company’s stock.

About CrossAmerica Partners

CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, operation of convenience stores, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. It operates in two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, and company operated retail sites.