CrossAmerica Partners LP (NYSE:CAPL) Short Interest Update

CrossAmerica Partners LP (NYSE:CAPL - Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 89,400 shares, an increase of 5.2% from the October 15th total of 85,000 shares. Approximately 0.5% of the company's shares are sold short. Based on an average trading volume of 30,000 shares, the short-interest ratio is presently 3.0 days.

Analysts Set New Price Targets

Separately, StockNews.com raised CrossAmerica Partners from a "buy" rating to a "strong-buy" rating in a research note on Friday.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its holdings 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 acquiring an additional 4,267 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of CrossAmerica Partners in the second quarter worth approximately $348,000. EverSource Wealth Advisors LLC lifted 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 valued at $51,000 after purchasing an additional 2,000 shares in the last quarter. IFG Advisory LLC purchased a new position in shares of CrossAmerica Partners during the second quarter valued at approximately $332,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of CrossAmerica Partners during the first quarter valued at approximately $205,000. Institutional investors and hedge funds own 24.06% of the company's stock.

CrossAmerica Partners Price Performance

Shares of CrossAmerica Partners stock traded down $0.15 during trading on Monday, reaching $20.00. 28,180 shares of the company traded hands, compared to its average volume of 36,530. The firm has a market capitalization of $760.94 million, a PE ratio of 38.75 and a beta of 1.50. The company has a 50 day moving average price of $20.98 and a 200-day moving average price of $20.35. CrossAmerica Partners has a 1-year low of $18.43 and a 1-year high of $24.19.

CrossAmerica Partners (NYSE:CAPL - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.02. CrossAmerica Partners had a net margin of 0.50% and a negative return on equity of 104.40%. The company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. Equities research analysts expect that CrossAmerica Partners will post 0.42 earnings per share for the current year.

CrossAmerica Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Monday, November 4th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 10.50%. The ex-dividend date was Monday, November 4th. CrossAmerica Partners's 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.