CrossAmerica Partners (NYSE:CAPL) Sees Large Volume Increase - Should You Buy?

CrossAmerica Partners LP (NYSE:CAPL - Get Free Report) shares saw strong trading volume on Thursday . 30,920 shares changed hands during mid-day trading, a decline of 15% from the previous session's volume of 36,186 shares.The stock last traded at $21.51 and had previously closed at $21.01.

Analysts Set New Price Targets

Separately, StockNews.com downgraded CrossAmerica Partners from a "strong-buy" rating to a "buy" rating in a research report on Sunday.

CrossAmerica Partners Trading Up 2.9 %

The stock has a 50-day moving average of $20.69 and a two-hundred day moving average of $20.62. The firm has a market cap of $821.76 million, a price-to-earnings ratio of 35.38 and a beta of 1.51.

CrossAmerica Partners (NYSE:CAPL - Get Free Report) last announced its earnings results on Wednesday, August 7th. The oil and gas company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.06 by $0.10. CrossAmerica Partners had a net margin of 0.51% and a negative return on equity of 314.20%. The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.27 billion. Sell-side analysts expect that CrossAmerica Partners LP will post 0.46 EPS for the current fiscal year.

CrossAmerica Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 9.72%. The ex-dividend date of this dividend is Monday, November 4th. CrossAmerica Partners's dividend payout ratio (DPR) is currently 344.26%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CAPL. Acadian Asset Management LLC purchased a new stake in CrossAmerica Partners in the 1st quarter worth approximately $31,000. GSA Capital Partners LLP grew its stake in CrossAmerica Partners by 79.7% in the first quarter. GSA Capital Partners LLP now owns 36,412 shares of the oil and gas company's stock valued at $830,000 after purchasing an additional 16,153 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in CrossAmerica Partners in the 1st quarter worth about $205,000. Janney Montgomery Scott LLC raised its stake in shares of CrossAmerica Partners by 10.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 20,607 shares of the oil and gas company's stock worth $470,000 after purchasing an additional 1,872 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of CrossAmerica Partners by 1.9% in the 1st quarter. BNP Paribas Financial Markets now owns 30,971 shares of the oil and gas company's stock valued at $706,000 after buying an additional 565 shares in the last quarter. 24.06% of the stock is owned by institutional investors and hedge funds.

CrossAmerica Partners Company 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.