CrossAmerica Partners LP (NYSE:CAPL) Stock Position Lifted by NewEdge Wealth LLC

NewEdge Wealth LLC lifted its position in CrossAmerica Partners LP (NYSE:CAPL - Free Report) by 112.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,232 shares of the oil and gas company's stock after purchasing an additional 37,736 shares during the quarter. NewEdge Wealth LLC owned about 0.19% of CrossAmerica Partners worth $1,567,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Allworth Financial LP purchased a new position in shares of CrossAmerica Partners during the fourth quarter valued at approximately $44,000. Sonora Investment Management Group LLC bought a new position in CrossAmerica Partners in the fourth quarter worth approximately $224,000. Franklin Resources Inc. bought a new position in CrossAmerica Partners in the third quarter worth approximately $279,000. Sanctuary Advisors LLC increased its position in shares of 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 purchasing an additional 1,000 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of 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 purchasing an additional 4,267 shares in the last quarter. 24.06% of the stock is owned by institutional investors.

CrossAmerica Partners Stock Down 0.9 %

Shares of CAPL stock traded down $0.21 during mid-day trading on Wednesday, hitting $23.49. 27,834 shares of the stock were exchanged, compared to its average volume of 42,746. The firm has a fifty day moving average of $22.51 and a 200 day moving average of $21.41. CrossAmerica Partners LP has a 52-week low of $18.43 and a 52-week high of $23.97. The company has a market cap of $893.72 million, a PE ratio of 45.17 and a beta of 1.47.

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CrossAmerica Partners (NYSE:CAPL - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The oil and gas company reported $0.42 EPS 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%. Equities analysts predict that CrossAmerica Partners LP will post 0.42 EPS for the current year.

CrossAmerica Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 3rd were given a dividend of $0.525 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.94%. CrossAmerica Partners's payout ratio is currently 403.85%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of CrossAmerica Partners from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th.

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.