CrossAmerica Partners (NYSE:CAPL) Sees Strong Trading Volume

Shares of CrossAmerica Partners LP (NYSE:CAPLGet Rating) saw strong trading volume on Thursday . 7,254 shares were traded during trading, a decline of 86% from the previous session’s volume of 50,511 shares.The stock last traded at $20.11 and had previously closed at $20.61.

Separately, StockNews.com upgraded CrossAmerica Partners from a “hold” rating to a “buy” rating in a report on Wednesday, May 18th.

The company has a current ratio of 0.73, a quick ratio of 0.42 and a debt-to-equity ratio of 15.88. The company has a 50 day moving average price of $21.28 and a 200 day moving average price of $20.78. The company has a market capitalization of $752.19 million, a P/E ratio of 25.44 and a beta of 1.88.

CrossAmerica Partners (NYSE:CAPLGet Rating) last released its earnings results on Monday, May 9th. The oil and gas company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). CrossAmerica Partners had a net margin of 0.76% and a return on equity of 50.99%. During the same period in the prior year, the company earned ($0.10) EPS. As a group, sell-side analysts forecast that CrossAmerica Partners LP will post 0.94 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 11th. Investors of record on Tuesday, May 3rd were given a dividend of $0.525 per share. The ex-dividend date was Monday, May 2nd. This represents a $2.10 annualized dividend and a dividend yield of 10.58%. CrossAmerica Partners’s dividend payout ratio is currently 259.26%.

Several hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA bought a new stake in shares of CrossAmerica Partners during the 1st quarter worth $459,000. First Republic Investment Management Inc. acquired a new position in CrossAmerica Partners in the 1st quarter worth about $284,000. Goldman Sachs Group Inc. increased its holdings in CrossAmerica Partners by 28.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 313,052 shares of the oil and gas company’s stock worth $6,827,000 after purchasing an additional 68,459 shares in the last quarter. Vident Investment Advisory LLC increased its holdings in CrossAmerica Partners by 7.6% in the 1st quarter. Vident Investment Advisory LLC now owns 15,611 shares of the oil and gas company’s stock worth $340,000 after purchasing an additional 1,098 shares in the last quarter. Finally, UBS Group AG increased its holdings in CrossAmerica Partners by 33.0% in the 1st quarter. UBS Group AG now owns 5,758 shares of the oil and gas company’s stock worth $125,000 after purchasing an additional 1,430 shares in the last quarter. Institutional investors and hedge funds own 23.87% of the company’s stock.

CrossAmerica Partners Company Profile (NYSE:CAPL)

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.

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