CrossAmerica Partners LP (NYSE:CAPL) Short Interest Down 17.5% in August

CrossAmerica Partners LP (NYSE:CAPL) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 76,100 shares, a decline of 17.5% from the August 15th total of 92,200 shares. Based on an average trading volume of 34,800 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.4% of the company’s stock are short sold.

CrossAmerica Partners Stock Up 0.7 %

Shares of NYSE:CAPL traded up $0.14 during trading on Wednesday, reaching $21.35. 12,826 shares of the stock traded hands, compared to its average volume of 38,083. The stock has a market cap of $811.88 million, a P/E ratio of 35.05 and a beta of 1.51. The company has a debt-to-equity ratio of 250.71, a quick ratio of 0.37 and a current ratio of 0.76. The stock has a 50-day moving average of $19.91 and a two-hundred day moving average of $20.84. CrossAmerica Partners has a 52-week low of $18.43 and a 52-week high of $24.19.

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 the consensus estimate 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%. As a group, sell-side analysts expect that CrossAmerica Partners will post 0.46 earnings per share for the current fiscal year.

CrossAmerica Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, August 2nd were given a dividend of $0.525 per share. The ex-dividend date was Friday, August 2nd. This represents a $2.10 annualized dividend and a dividend yield of 9.84%. CrossAmerica Partners’s dividend payout ratio (DPR) is presently 344.26%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of CrossAmerica Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 13th.

Institutional Investors Weigh In On CrossAmerica Partners

Several large investors have recently bought and sold shares of CAPL. Acadian Asset Management LLC purchased a new position in CrossAmerica Partners in the first quarter worth about $31,000. EverSource Wealth Advisors LLC boosted its holdings in shares of CrossAmerica Partners by 376.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,531 shares of the oil and gas company’s stock worth $51,000 after buying an additional 2,000 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in CrossAmerica Partners during the first quarter valued at approximately $205,000. American Financial Group Inc. grew its position in CrossAmerica Partners by 3.7% during the first quarter. American Financial Group Inc. now owns 14,000 shares of the oil and gas company’s stock valued at $319,000 after buying an additional 500 shares during the period. Finally, SpiderRock Advisors LLC purchased a new stake in CrossAmerica Partners during the first quarter valued at approximately $325,000. 24.06% of the stock is currently owned by institutional investors.

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.