CrossAmerica Partners (NYSE:CAPL - Get Free Report) was downgraded by research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Sunday.
CrossAmerica Partners Price Performance
CrossAmerica Partners stock traded up $0.06 during midday trading on Friday, hitting $23.67. The company's stock had a trading volume of 21,721 shares, compared to its average volume of 40,446. The company has a market cap of $900.88 million, a price-to-earnings ratio of 45.52 and a beta of 1.48. CrossAmerica Partners has a 1-year low of $18.43 and a 1-year high of $23.97. The company has a 50-day moving average price of $22.81 and a two-hundred day moving average price of $21.66.
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 analysts' consensus estimates of $0.04 by $0.38. The company had revenue of $944.22 million during the quarter, compared to the consensus estimate of $1.21 billion. CrossAmerica Partners had a net margin of 0.50% and a negative return on equity of 104.40%. Sell-side analysts forecast that CrossAmerica Partners will post 0.42 EPS for the current year.
Hedge Funds Weigh In On CrossAmerica Partners
Several hedge funds and other institutional investors have recently made changes to their positions in CAPL. Allworth Financial LP acquired a new position in CrossAmerica Partners during the fourth quarter valued at approximately $44,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 worth $82,000 after buying an additional 1,200 shares during the last quarter. Sonora Investment Management Group LLC bought a new position in CrossAmerica Partners in the fourth quarter valued at about $224,000. Franklin Resources Inc. acquired a new position in CrossAmerica Partners during the third quarter worth about $279,000. Finally, Sanctuary Advisors LLC boosted its stake 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 purchasing an additional 1,000 shares in the last quarter. 24.06% of the stock is currently owned by institutional investors and hedge funds.
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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