CrossAmerica Partners LP (NYSE:CAPL) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in CrossAmerica Partners LP (NYSE:CAPL - Free Report) by 8.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 361,231 shares of the oil and gas company's stock after acquiring an additional 28,991 shares during the quarter. JPMorgan Chase & Co. owned about 0.95% of CrossAmerica Partners worth $7,485,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Franklin Resources Inc. acquired a new position in CrossAmerica Partners in the 3rd quarter valued at $279,000. Sanctuary Advisors LLC lifted its position in CrossAmerica Partners by 5.7% during the third quarter. Sanctuary Advisors LLC now owns 18,554 shares of the oil and gas company's stock worth $377,000 after buying an additional 1,000 shares during the period. Thrivent Financial for Lutherans lifted its position in CrossAmerica Partners by 18.8% during the third quarter. Thrivent Financial for Lutherans now owns 27,021 shares of the oil and gas company's stock worth $560,000 after buying an additional 4,267 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in CrossAmerica Partners by 376.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,531 shares of the oil and gas company's stock valued at $51,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 24.06% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of CrossAmerica Partners from a "buy" rating to a "strong-buy" rating in a report on Friday, November 15th.

CrossAmerica Partners Stock Up 0.7 %

Shares of NYSE CAPL traded up $0.16 during trading on Wednesday, hitting $22.61. 41,917 shares of the company traded hands, compared to its average volume of 28,685. The firm has a market capitalization of $860.24 million, a P/E ratio of 43.48 and a beta of 1.46. The company has a 50-day moving average price of $21.21 and a 200-day moving average price of $20.68. CrossAmerica Partners LP has a 1 year low of $18.43 and a 1 year high of $24.19.

CrossAmerica Partners (NYSE:CAPL - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.28 billion. CrossAmerica Partners had a negative return on equity of 104.40% and a net margin of 0.50%. During the same quarter in the previous year, the business earned $0.31 earnings per share. Research analysts predict that CrossAmerica Partners LP will post 0.42 EPS for the current fiscal year.

CrossAmerica Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Monday, November 4th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.10 dividend on an annualized basis and a yield of 9.29%. CrossAmerica Partners's dividend payout ratio (DPR) is 403.85%.

CrossAmerica Partners 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.