Mariner LLC Has $2.37 Million Holdings in CrossAmerica Partners LP (NYSE:CAPL)

Mariner LLC lessened its position in CrossAmerica Partners LP (NYSE:CAPL) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,553 shares of the oil and gas company’s stock after selling 1,221 shares during the quarter. Mariner LLC’s holdings in CrossAmerica Partners were worth $2,366,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sanctuary Advisors LLC increased its stake in shares of CrossAmerica Partners by 5.7% in 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. Franklin Resources Inc. bought a new position in CrossAmerica Partners in the 3rd quarter worth approximately $279,000. JPMorgan Chase & Co. increased its position in 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 period. Janney Montgomery Scott LLC lifted its holdings in shares of CrossAmerica Partners by 27.6% during the fourth 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. Finally, Sonora Investment Management Group LLC bought a new stake in shares of CrossAmerica Partners in the fourth quarter valued at approximately $224,000. Institutional investors and hedge funds own 24.06% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a research note on Monday, March 24th.

CrossAmerica Partners Stock Performance

NYSE CAPL opened at $23.26 on Wednesday. CrossAmerica Partners LP has a twelve month low of $18.43 and a twelve month high of $25.73. The stock has a market cap of $885.28 million, a PE ratio of 44.73 and a beta of 1.07. The firm has a 50-day simple moving average of $23.19 and a 200 day simple moving average of $22.13.

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

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.