CrossAmerica Partners LP (NYSE:CAPL) Short Interest Down 14.3% in January

CrossAmerica Partners LP (NYSE:CAPL) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 117,800 shares, a decline of 14.3% from the January 15th total of 137,500 shares. Based on an average trading volume of 36,900 shares, the days-to-cover ratio is presently 3.2 days. Currently, 0.7% of the company’s shares are sold short.

Institutional Investors Weigh In On CrossAmerica Partners

A number of large investors have recently made changes to their positions in CAPL. Thrivent Financial for Lutherans grew its position in shares of CrossAmerica Partners by 18.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 27,021 shares of the oil and gas company’s stock worth $560,000 after buying an additional 4,267 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of CrossAmerica Partners by 5.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 18,554 shares of the oil and gas company’s stock worth $377,000 after buying an additional 1,000 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of CrossAmerica Partners in the 3rd quarter worth approximately $279,000. JPMorgan Chase & Co. grew its position in shares of CrossAmerica Partners by 8.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 361,231 shares of the oil and gas company’s stock worth $7,485,000 after buying an additional 28,991 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of CrossAmerica Partners by 27.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 28,951 shares of the oil and gas company’s stock worth $637,000 after buying an additional 6,259 shares during the last quarter. 24.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

CrossAmerica Partners Stock Performance

Shares of CAPL stock opened at $22.72 on Friday. The firm has a market cap of $864.50 million, a P/E ratio of 43.69 and a beta of 1.47. CrossAmerica Partners has a fifty-two week low of $18.43 and a fifty-two week high of $23.60. The business’s 50 day moving average price is $22.17 and its 200-day moving average price is $21.12.

CrossAmerica Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were given a $0.525 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 9.24%. CrossAmerica Partners’s dividend payout ratio is currently 403.85%.

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.