CrossAmerica Partners (NYSE:CAPL) Hits New 12-Month High - Still a Buy?

CrossAmerica Partners LP (NYSE:CAPL - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $24.00 and last traded at $23.93, with a volume of 3916 shares. The stock had previously closed at $23.89.

Analysts Set New Price Targets

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

CrossAmerica Partners Stock Up 0.4 %

The stock's fifty day simple moving average is $23.04 and its two-hundred day simple moving average is $21.87. The firm has a market cap of $925.62 million, a PE ratio of 46.77 and a beta of 1.48.

CrossAmerica Partners (NYSE:CAPL - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The oil and gas company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.38. The firm had revenue of $944.22 million for the quarter, compared to analysts' expectations of $1.21 billion. CrossAmerica Partners had a negative return on equity of 104.40% and a net margin of 0.50%. On average, equities research analysts anticipate that CrossAmerica Partners LP will post 0.42 earnings per share for the current fiscal year.

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CrossAmerica Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 8.63%. The ex-dividend date of this dividend was Monday, February 3rd. CrossAmerica Partners's dividend payout ratio (DPR) is currently 403.85%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP purchased a new stake in shares of CrossAmerica Partners in the fourth quarter worth about $44,000. EverSource Wealth Advisors LLC raised its position in CrossAmerica Partners by 47.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,731 shares of the oil and gas company's stock valued at $82,000 after purchasing an additional 1,200 shares in the last quarter. Sonora Investment Management Group LLC bought a new position in CrossAmerica Partners during the 4th quarter worth about $224,000. Franklin Resources Inc. purchased a new position in shares of CrossAmerica Partners in the 3rd quarter valued at $279,000. Finally, Sanctuary Advisors LLC boosted its holdings in shares of CrossAmerica Partners by 5.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 18,554 shares of the oil and gas company's stock valued at $377,000 after buying an additional 1,000 shares in the last quarter. Institutional investors 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.