BNP Paribas Financial Markets Sells 2,362 Shares of CrossAmerica Partners LP (NYSE:CAPL)

BNP Paribas Financial Markets lowered its stake in shares of CrossAmerica Partners LP (NYSE:CAPL) by 7.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,847 shares of the oil and gas company’s stock after selling 2,362 shares during the quarter. BNP Paribas Financial Markets’ holdings in CrossAmerica Partners were worth $598,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. 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 acquiring an additional 2,000 shares during the period. IFG Advisory LLC bought a new position in shares of CrossAmerica Partners in the 2nd quarter worth $332,000. Sanctuary Advisors LLC bought a new stake in shares of CrossAmerica Partners during the 2nd quarter worth $348,000. Finally, Thrivent Financial for Lutherans grew its position in CrossAmerica Partners by 18.8% in the third quarter. Thrivent Financial for Lutherans now owns 27,021 shares of the oil and gas company’s stock worth $560,000 after acquiring an additional 4,267 shares in the last quarter. 24.06% of the stock is owned by institutional investors.

CrossAmerica Partners Price Performance

NYSE:CAPL opened at $22.21 on Friday. The company has a market capitalization of $845.09 million, a price-to-earnings ratio of 42.71 and a beta of 1.48. The business has a 50 day moving average of $20.97 and a 200 day moving average of $20.40. CrossAmerica Partners LP has a 1-year low of $18.43 and a 1-year high of $24.19.

CrossAmerica Partners (NYSE:CAPL) last issued its earnings results on Wednesday, November 6th. The oil and gas company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.28 billion. CrossAmerica Partners had a negative return on equity of 104.40% and a net margin of 0.50%. During the same period in the prior year, the business posted $0.31 EPS. As a group, sell-side analysts anticipate that CrossAmerica Partners LP will post 0.42 EPS for the current year.

CrossAmerica Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Monday, November 4th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 9.46%. The ex-dividend date of this dividend was Monday, November 4th. CrossAmerica Partners’s dividend payout ratio (DPR) is 403.85%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 15th.

CrossAmerica Partners Profile

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.