CrossAmerica Partners LP (NYSE:CAPL) Director Acquires $54,147.06 in Stock

CrossAmerica Partners LP (NYSE:CAPL) Director John B. Reilly III acquired 2,706 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was acquired at an average price of $20.01 per share, with a total value of $54,147.06. Following the acquisition, the director directly owned 4,967,317 shares of the company’s stock, valued at approximately $99,396,013.17. This represents a 0.05% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

CrossAmerica Partners Trading Down 1.3%

Shares of NYSE:CAPL opened at $20.20 on Thursday. The firm has a 50 day simple moving average of $21.14 and a 200-day simple moving average of $22.35. CrossAmerica Partners LP has a twelve month low of $19.05 and a twelve month high of $25.73. The company has a market capitalization of $770.02 million, a PE ratio of 17.88 and a beta of 0.55.

CrossAmerica Partners (NYSE:CAPL) last released its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.13). The business had revenue of $961.93 million during the quarter, compared to analysts’ expectations of $793.52 million. CrossAmerica Partners had a net margin of 1.19% and a negative return on equity of 32.78%. As a group, equities research analysts predict that CrossAmerica Partners LP will post 0.42 EPS for the current fiscal year.

CrossAmerica Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, August 4th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 10.4%. CrossAmerica Partners’s dividend payout ratio is 185.84%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of CrossAmerica Partners from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th.

Hedge Funds Weigh In On CrossAmerica Partners

A number of institutional investors and hedge funds have recently made changes to their positions in CAPL. Quadrant Private Wealth Management LLC boosted its position in shares of CrossAmerica Partners by 0.4% in the 2nd quarter. Quadrant Private Wealth Management LLC now owns 165,991 shares of the oil and gas company’s stock worth $3,473,000 after buying an additional 729 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in CrossAmerica Partners by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 39,040 shares of the oil and gas company’s stock valued at $959,000 after purchasing an additional 1,375 shares in the last quarter. Ellsworth Advisors LLC purchased a new position in CrossAmerica Partners in the 1st quarter valued at about $648,000. Acadian Asset Management LLC purchased a new position in CrossAmerica Partners in the 1st quarter valued at about $535,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in CrossAmerica Partners by 2.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 582,849 shares of the oil and gas company’s stock valued at $14,321,000 after purchasing an additional 14,948 shares in the last quarter. 24.06% of the stock is owned by institutional investors and hedge funds.

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.