CrossAmerica Partners LP (NYSE:CAPL – Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $23.48 and last traded at $23.45, with a volume of 39765 shares. The stock had previously closed at $22.44.
Analyst Ratings Changes
A number of brokerages recently issued reports on CAPL. Zacks Research raised CrossAmerica Partners from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Wall Street Zen raised CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings upgraded CrossAmerica Partners from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.
View Our Latest Stock Analysis on CAPL
CrossAmerica Partners Price Performance
CrossAmerica Partners (NYSE:CAPL – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.12. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $731.45 million. CrossAmerica Partners had a negative return on equity of 37.73% and a net margin of 1.43%. On average, analysts anticipate that CrossAmerica Partners LP will post 1.2 earnings per share for the current year.
CrossAmerica Partners Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 3rd will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Monday, August 3rd. CrossAmerica Partners’s dividend payout ratio (DPR) is 153.28%.
Institutional Investors Weigh In On CrossAmerica Partners
Several large investors have recently modified their holdings of CAPL. NewEdge Advisors LLC lifted its holdings in shares of CrossAmerica Partners by 40.0% during the first quarter. NewEdge Advisors LLC now owns 2,100 shares of the oil and gas company’s stock worth $44,000 after purchasing an additional 600 shares during the period. CWM LLC increased its stake in CrossAmerica Partners by 35.5% in the 4th quarter. CWM LLC now owns 3,387 shares of the oil and gas company’s stock valued at $70,000 after buying an additional 887 shares during the period. North Star Investment Management Corp. acquired a new position in CrossAmerica Partners in the 1st quarter valued at $105,000. Wells Fargo & Company MN raised its position in CrossAmerica Partners by 43.3% during the 4th quarter. Wells Fargo & Company MN now owns 6,190 shares of the oil and gas company’s stock worth $128,000 after buying an additional 1,869 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of CrossAmerica Partners by 48.7% in the 4th quarter. Royal Bank of Canada now owns 7,394 shares of the oil and gas company’s stock worth $153,000 after acquiring an additional 2,422 shares during the period. Hedge funds and other institutional investors own 24.06% of the company’s stock.
CrossAmerica Partners Company Profile
CrossAmerica Partners LP (NYSE:CAPL) is a publicly traded master limited partnership engaged in the wholesale distribution of motor fuels across the United States. The company procures, transports and stores refined petroleum products including gasoline, diesel fuel, kerosene, heating oil and select renewable fuel blends. Through its integrated network of pipelines, terminals and truck fleets, CrossAmerica Partners supplies fuel to a broad base of customers, including convenience stores, supermarket chains, travel centers and independent marketers.
Formed in 2014 as a spin-off of Sunoco’s wholesale fuel business, CrossAmerica Partners acquired refined petroleum distribution assets and entered into long-term supply agreements designed to deliver stable, fee-based revenues.
Featured Articles
- Five stocks we like better than CrossAmerica Partners
- Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
- Legacy Jet Builders Stall While Embraer Accelerates to New Highs
- Intel’s Rally Gave It a $20 Billion Opportunity and Now Comes the Hard Part
- Visa’s AI Opportunity Is Hiding in Every Transaction
Receive News & Ratings for CrossAmerica Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CrossAmerica Partners and related companies with MarketBeat.com's FREE daily email newsletter.
