Clearbridge Investments LLC Sells 63,764 Shares of CrossAmerica Partners LP (NYSE:CAPL)

Clearbridge Investments LLC lessened its position in CrossAmerica Partners LP (NYSE:CAPL - Free Report) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 628,841 shares of the oil and gas company's stock after selling 63,764 shares during the period. Clearbridge Investments LLC owned approximately 1.66% of CrossAmerica Partners worth $14,338,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Blackstone Inc. boosted its holdings in shares of CrossAmerica Partners by 1.5% in the third quarter. Blackstone Inc. now owns 75,163 shares of the oil and gas company's stock valued at $1,630,000 after buying an additional 1,102 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in shares of CrossAmerica Partners in the third quarter valued at approximately $205,000. Exchange Traded Concepts LLC boosted its holdings in shares of CrossAmerica Partners by 12.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 24,037 shares of the oil and gas company's stock valued at $548,000 after buying an additional 2,687 shares during the period. Raymond James & Associates boosted its holdings in shares of CrossAmerica Partners by 0.9% in the fourth quarter. Raymond James & Associates now owns 87,923 shares of the oil and gas company's stock valued at $2,005,000 after buying an additional 774 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of CrossAmerica Partners by 3.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 204,875 shares of the oil and gas company's stock valued at $4,671,000 after buying an additional 6,264 shares during the period. Institutional investors own 24.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CAPL. TheStreet cut shares of CrossAmerica Partners from a "b-" rating to a "c+" rating in a report on Tuesday, February 27th. StockNews.com cut shares of CrossAmerica Partners from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 9th.

CrossAmerica Partners Stock Up 2.8 %

CAPL traded up $0.54 during trading hours on Friday, hitting $20.08. 24,038 shares of the company's stock were exchanged, compared to its average volume of 67,266. CrossAmerica Partners LP has a 1-year low of $18.00 and a 1-year high of $24.19. The stock's 50-day moving average is $22.03 and its two-hundred day moving average is $22.38. The stock has a market cap of $763.64 million, a price-to-earnings ratio of 32.92 and a beta of 1.52. The company has a quick ratio of 0.41, a current ratio of 0.77 and a debt-to-equity ratio of 250.71.

CrossAmerica Partners (NYSE:CAPL - Get Free Report) last announced its earnings results on Monday, February 26th. The oil and gas company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.22 by $0.20. CrossAmerica Partners had a net margin of 0.56% and a return on equity of 701.44%. The business had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.11 billion. Sell-side analysts predict that CrossAmerica Partners LP will post 0.26 earnings per share for the current fiscal year.

CrossAmerica Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, May 3rd were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 10.46%. The ex-dividend date of this dividend was Thursday, May 2nd. CrossAmerica Partners's dividend payout ratio is currently 344.26%.

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.