CrossAmerica Partners (NYSE:CAPL) Raised to Strong-Buy at StockNews.com

CrossAmerica Partners (NYSE:CAPL - Get Free Report) was upgraded by StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Saturday.

CrossAmerica Partners Stock Up 0.1 %

CAPL stock traded up $0.02 during midday trading on Friday, reaching $23.34. The stock had a trading volume of 24,775 shares, compared to its average volume of 42,020. The business has a fifty day simple moving average of $22.57 and a two-hundred day simple moving average of $21.44. The firm has a market cap of $888.13 million, a price-to-earnings ratio of 44.88 and a beta of 1.48. CrossAmerica Partners has a twelve month low of $18.43 and a twelve month high of $23.97.

CrossAmerica Partners (NYSE:CAPL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The oil and gas company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.38. CrossAmerica Partners had a negative return on equity of 104.40% and a net margin of 0.50%. The firm had revenue of $944.22 million during the quarter, compared to analyst estimates of $1.21 billion. On average, equities analysts predict that CrossAmerica Partners will post 0.42 earnings per share for the current fiscal year.

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Hedge Funds Weigh In On CrossAmerica Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in CrossAmerica Partners by 5.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 567,901 shares of the oil and gas company's stock worth $12,494,000 after buying an additional 28,758 shares during the last quarter. Stifel Financial Corp boosted its holdings in CrossAmerica Partners by 5.8% during the fourth quarter. Stifel Financial Corp now owns 44,469 shares of the oil and gas company's stock worth $978,000 after buying an additional 2,423 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of CrossAmerica Partners during the 4th quarter valued at about $6,245,000. CIBC Private Wealth Group LLC lifted its holdings in shares of CrossAmerica Partners by 4.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 25,500 shares of the oil and gas company's stock valued at $561,000 after purchasing an additional 1,000 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of CrossAmerica Partners by 6.2% during the 4th quarter. LPL Financial LLC now owns 107,405 shares of the oil and gas company's stock valued at $2,363,000 after purchasing an additional 6,306 shares in the last quarter. Institutional investors own 24.06% of the company's stock.

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.