CrossAmerica Partners (NYSE:CAPL - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Monday.
CrossAmerica Partners Price Performance
Shares of CAPL stock traded down $0.10 on Monday, hitting $24.23. The company's stock had a trading volume of 29,371 shares, compared to its average volume of 35,649. The stock has a market capitalization of $922.19 million, a price-to-earnings ratio of 46.60 and a beta of 1.48. CrossAmerica Partners has a fifty-two week low of $18.43 and a fifty-two week high of $24.55. The firm's fifty day moving average price is $22.99 and its 200-day moving average price is $21.82.
CrossAmerica Partners (NYSE:CAPL - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $944.22 million for the quarter, compared to the consensus estimate of $1.21 billion. CrossAmerica Partners had a negative return on equity of 104.40% and a net margin of 0.50%. Analysts predict that CrossAmerica Partners will post 0.42 EPS for the current fiscal year.
Institutional Investors Weigh In On CrossAmerica Partners
Several hedge funds and other institutional investors have recently made changes to their positions in CAPL. Allworth Financial LP bought a new stake in CrossAmerica Partners during the 4th quarter valued at approximately $44,000. EverSource Wealth Advisors LLC lifted its holdings in shares of CrossAmerica Partners by 47.4% during the fourth 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 stake in shares of CrossAmerica Partners in the fourth quarter valued at approximately $224,000. Franklin Resources Inc. acquired a new stake in CrossAmerica Partners in the 3rd quarter worth $279,000. Finally, Sanctuary Advisors LLC increased its holdings in shares of CrossAmerica Partners by 5.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 18,554 shares of the oil and gas company's stock worth $377,000 after purchasing an additional 1,000 shares during the period. 24.06% of the stock is owned by institutional investors and hedge funds.
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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