CrossAmerica Partners LP (NYSE:CAPL) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC increased its holdings in shares of CrossAmerica Partners LP (NYSE:CAPL) by 47.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,731 shares of the oil and gas company’s stock after acquiring an additional 1,200 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in CrossAmerica Partners were worth $82,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Allworth Financial LP purchased a new position in CrossAmerica Partners during the fourth quarter worth about $44,000. Sonora Investment Management Group LLC purchased a new position in CrossAmerica Partners during the fourth quarter worth about $224,000. Franklin Resources Inc. purchased a new position in CrossAmerica Partners during the third quarter worth about $279,000. Sanctuary Advisors LLC raised its stake in 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 during the period. Finally, Thrivent Financial for Lutherans raised its stake in CrossAmerica Partners by 18.8% during the third 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 during the period. 24.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of CrossAmerica Partners from a “strong-buy” rating to a “buy” rating in a research note on Sunday.

CrossAmerica Partners Price Performance

Shares of CAPL stock opened at $23.57 on Wednesday. The firm’s 50-day moving average is $22.81 and its two-hundred day moving average is $21.66. The company has a market capitalization of $897.07 million, a PE ratio of 45.33 and a beta of 1.48. CrossAmerica Partners LP has a 12 month low of $18.43 and a 12 month high of $23.97.

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

CrossAmerica Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.91%. The ex-dividend date was Monday, February 3rd. CrossAmerica Partners’s dividend payout ratio (DPR) is 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.