CrossAmerica Partners (NYSE:CAPL) Hits New 1-Year High – Should You Buy?

CrossAmerica Partners LP (NYSE:CAPL) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $24.00 and last traded at $23.93, with a volume of 3916 shares trading hands. The stock had previously closed at $23.89.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a research report on Monday.

CrossAmerica Partners Stock Performance

The business’s 50 day moving average is $23.01 and its 200 day moving average is $21.84. The company has a market capitalization of $922.19 million, a price-to-earnings ratio of 46.60 and a beta of 1.48.

CrossAmerica Partners (NYSE:CAPL) last announced its quarterly earnings data on Wednesday, February 26th. The oil and gas company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.04 by $0.38. CrossAmerica Partners had a net margin of 0.50% and a negative return on equity of 104.40%. The business had revenue of $944.22 million during the quarter, compared to analysts’ expectations of $1.21 billion. Sell-side analysts predict that CrossAmerica Partners LP will post 0.42 EPS for the current year.

CrossAmerica Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 3rd were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 8.67%. The ex-dividend date was Monday, February 3rd. CrossAmerica Partners’s dividend payout ratio is currently 403.85%.

Institutional Trading of CrossAmerica Partners

Hedge funds have recently added to or reduced their stakes in the company. Quadrant Private Wealth Management LLC raised its stake in shares of CrossAmerica Partners by 0.5% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 164,543 shares of the oil and gas company’s stock worth $3,620,000 after buying an additional 775 shares during the period. Sanctuary Advisors LLC increased its stake in shares of CrossAmerica Partners by 5.7% during the third quarter. Sanctuary Advisors LLC now owns 18,554 shares of the oil and gas company’s stock worth $377,000 after purchasing an additional 1,000 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of CrossAmerica Partners by 4.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 25,500 shares of the oil and gas company’s stock worth $561,000 after purchasing an additional 1,000 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in CrossAmerica Partners by 47.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,731 shares of the oil and gas company’s stock valued at $82,000 after buying an additional 1,200 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in CrossAmerica Partners by 6.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 28,768 shares of the oil and gas company’s stock worth $633,000 after buying an additional 1,747 shares during the last quarter. 24.06% of the stock is owned by hedge funds and other institutional investors.

CrossAmerica Partners Company 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.