Short Interest in CrossAmerica Partners LP (NYSE:CAPL) Expands By 8.9%

CrossAmerica Partners LP (NYSE:CAPL - Get Free Report) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 131,500 shares, an increase of 8.9% from the December 31st total of 120,700 shares. Based on an average daily volume of 32,600 shares, the short-interest ratio is currently 4.0 days. Approximately 0.7% of the company's stock are sold short.

Hedge Funds Weigh In On CrossAmerica Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in CAPL. Allworth Financial LP purchased a new stake in shares of CrossAmerica Partners during the fourth quarter worth about $44,000. Sonora Investment Management Group LLC acquired a new position in CrossAmerica Partners during the 4th quarter worth approximately $224,000. Franklin Resources Inc. acquired a new stake in CrossAmerica Partners during the 3rd quarter valued at $279,000. Sanctuary Advisors LLC purchased a new stake in shares of CrossAmerica Partners during the second quarter worth about $348,000. Finally, Thrivent Financial for Lutherans grew its position in shares of 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 buying an additional 4,267 shares in the last quarter. Institutional investors and hedge funds own 24.06% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded CrossAmerica Partners from a "buy" rating to a "strong-buy" rating in a research note on Friday, November 15th.

CrossAmerica Partners Stock Down 0.4 %

Shares of CrossAmerica Partners stock traded down $0.10 during trading on Wednesday, reaching $22.65. The company's stock had a trading volume of 11,057 shares, compared to its average volume of 40,250. CrossAmerica Partners has a 1-year low of $18.43 and a 1-year high of $23.60. The company has a market cap of $861.83 million, a price-to-earnings ratio of 43.56 and a beta of 1.47. The company has a 50-day simple moving average of $21.94 and a two-hundred day simple moving average of $20.98.

CrossAmerica Partners (NYSE:CAPL - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.28 billion. CrossAmerica Partners had a negative return on equity of 104.40% and a net margin of 0.50%. During the same quarter in the prior year, the business posted $0.31 earnings per share. As a group, analysts anticipate that CrossAmerica Partners will post 0.42 earnings per share for the current year.

CrossAmerica Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 9.27%. CrossAmerica Partners's dividend payout ratio (DPR) is presently 403.85%.

About CrossAmerica Partners

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.