CrossAmerica Partners (NYSE:CAPL - Get Free Report) was downgraded by investment analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a note issued to investors on Friday.
CrossAmerica Partners Stock Up 2.5 %
Shares of CAPL stock traded up $0.57 on Friday, reaching $23.79. The company's stock had a trading volume of 115,534 shares, compared to its average volume of 43,318. CrossAmerica Partners has a 12-month low of $18.43 and a 12-month high of $23.97. The stock's 50 day simple moving average is $22.47 and its 200-day simple moving average is $21.39. The company has a market capitalization of $905.14 million, a P/E ratio of 45.75 and a beta of 1.47.
CrossAmerica Partners (NYSE:CAPL - Get Free Report) last issued 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. CrossAmerica Partners had a negative return on equity of 104.40% and a net margin of 0.50%. The firm had revenue of $944.22 million during the quarter, compared to the consensus estimate of $1.21 billion. Research analysts expect that CrossAmerica Partners will post 0.42 EPS for the current year.
Institutional Trading of CrossAmerica Partners
Hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in CrossAmerica Partners by 5.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 567,901 shares of the oil and gas company's stock valued at $12,494,000 after acquiring an additional 28,758 shares during the last quarter. Stifel Financial Corp increased its position in shares of CrossAmerica Partners by 5.8% during the 4th quarter. Stifel Financial Corp now owns 44,469 shares of the oil and gas company's stock valued at $978,000 after purchasing an additional 2,423 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of CrossAmerica Partners during the 4th quarter valued at about $6,245,000. CIBC Private Wealth Group LLC raised its holdings in shares of CrossAmerica Partners by 4.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 25,500 shares of the oil and gas company's stock valued at $561,000 after buying an additional 1,000 shares in the last quarter. Finally, LPL Financial LLC lifted its position in CrossAmerica Partners by 6.2% in the 4th quarter. LPL Financial LLC now owns 107,405 shares of the oil and gas company's stock worth $2,363,000 after buying an additional 6,306 shares during the last quarter. 24.06% of the stock is owned by institutional investors.
CrossAmerica Partners Company Profile
(
Get Free Report)
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.
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