CrossAmerica Partners LP (NYSE:CAPL) Short Interest Update

CrossAmerica Partners LP (NYSE:CAPL - Get Free Report) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 120,700 shares, an increase of 95.0% from the November 30th total of 61,900 shares. Based on an average trading volume of 31,900 shares, the days-to-cover ratio is currently 3.8 days. Approximately 0.7% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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

CrossAmerica Partners Price Performance

Shares of NYSE:CAPL traded down $0.08 during trading on Friday, reaching $21.82. 25,311 shares of the company's stock traded hands, compared to its average volume of 36,463. The stock has a market capitalization of $830.19 million, a P/E ratio of 41.96 and a beta of 1.48. CrossAmerica Partners has a 12 month low of $18.43 and a 12 month high of $24.19. The company has a 50 day moving average of $20.97 and a 200-day moving average of $20.51.

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

CrossAmerica Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Monday, November 4th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 9.62%. The ex-dividend date of this dividend was Monday, November 4th. CrossAmerica Partners's dividend payout ratio (DPR) is 403.85%.

Institutional Trading of CrossAmerica Partners

A number of large investors have recently modified their holdings of CAPL. JPMorgan Chase & Co. boosted its position in shares of CrossAmerica Partners by 8.7% during the third 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. Franklin Resources Inc. bought a new stake in CrossAmerica Partners during the 3rd quarter valued at $279,000. Sanctuary Advisors LLC boosted its position in CrossAmerica Partners by 5.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 18,554 shares of the oil and gas company's stock worth $377,000 after acquiring an additional 1,000 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of CrossAmerica Partners by 18.8% in 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 in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of CrossAmerica Partners by 376.6% during 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 during the period. Institutional investors and hedge funds own 24.06% of the company's stock.

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.