CrossAmerica Partners (NYSE:CAPL - Get Free Report) was upgraded by StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued on Monday.
CrossAmerica Partners Stock Down 0.4 %
NYSE:CAPL traded down $0.08 during trading hours on Monday, hitting $23.76. 11,604 shares of the stock traded hands, compared to its average volume of 35,554. The stock has a 50 day moving average price of $22.93 and a 200 day moving average price of $21.78. The company has a market cap of $904.15 million, a price-to-earnings ratio of 45.70 and a beta of 1.48. CrossAmerica Partners has a 1 year low of $18.43 and a 1 year high of $23.97.
CrossAmerica Partners (NYSE:CAPL - Get Free Report) last announced its quarterly earnings data 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 net margin of 0.50% and a negative return on equity of 104.40%. The business had revenue of $944.22 million during the quarter, compared to analyst estimates of $1.21 billion. Equities analysts forecast that CrossAmerica Partners will post 0.42 earnings per share for the current fiscal year.
Institutional Investors Weigh In On CrossAmerica Partners
A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in shares of CrossAmerica Partners in the 4th quarter worth $6,245,000. NewEdge Wealth LLC grew its stake in shares of CrossAmerica Partners by 112.7% during the fourth quarter. NewEdge Wealth LLC now owns 71,232 shares of the oil and gas company's stock worth $1,567,000 after acquiring an additional 37,736 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in CrossAmerica Partners by 8.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 361,231 shares of the oil and gas company's stock worth $7,485,000 after purchasing an additional 28,991 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 worth $12,494,000 after buying an additional 28,758 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new position in CrossAmerica Partners in the 3rd quarter worth $279,000. Institutional investors own 24.06% of the company's stock.
About CrossAmerica Partners
(
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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