CrossAmerica Partners LP (NYSE:CAPL) Short Interest Update

CrossAmerica Partners LP (NYSE:CAPL - Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 118,000 shares, a growth of 18.7% from the March 15th total of 99,400 shares. Currently, 0.7% of the company's stock are sold short. Based on an average trading volume of 43,700 shares, the short-interest ratio is presently 2.7 days.

Institutional Investors Weigh In On CrossAmerica Partners

A number of hedge funds have recently modified their holdings of CAPL. Allworth Financial LP purchased a new position in shares of CrossAmerica Partners during the 4th quarter valued at $44,000. EverSource Wealth Advisors LLC lifted its holdings in 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 valued at $82,000 after purchasing an additional 1,200 shares during the last quarter. Sonora Investment Management Group LLC bought a new position in CrossAmerica Partners during the fourth quarter worth about $224,000. Franklin Resources Inc. bought a new stake in shares of CrossAmerica Partners in the third quarter valued at approximately $279,000. Finally, Sanctuary Advisors LLC lifted its stake 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 valued at $377,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 24.06% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised CrossAmerica Partners from a "buy" rating to a "strong-buy" rating in a report on Monday, March 24th.

CrossAmerica Partners Stock Down 0.8 %

NYSE:CAPL traded down $0.19 during trading hours on Friday, hitting $23.81. 1,580 shares of the company traded hands, compared to its average volume of 37,826. CrossAmerica Partners has a one year low of $18.43 and a one year high of $25.73. The company has a market cap of $906.02 million, a PE ratio of 45.78 and a beta of 1.07. The firm's 50-day simple moving average is $23.23 and its 200-day simple moving average is $22.15.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.38. CrossAmerica Partners had a net margin of 0.50% and a negative return on equity of 104.40%. The business had revenue of $944.22 million during the quarter, compared to the consensus estimate of $1.21 billion. As a group, equities research analysts expect that CrossAmerica Partners will post 0.42 EPS for the current year.

CrossAmerica Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.82%. The ex-dividend date of this dividend is Monday, May 5th. CrossAmerica Partners's dividend payout ratio (DPR) is currently 403.85%.

About CrossAmerica Partners

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.