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

CrossAmerica Partners (NYSE:CAPL – Get Rating) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday.

CrossAmerica Partners Price Performance

NYSE CAPL opened at $21.26 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.41 and a debt-to-equity ratio of 14.38. The stock’s 50 day moving average is $21.41 and its two-hundred day moving average is $20.44. The company has a market capitalization of $806.60 million, a price-to-earnings ratio of 13.12 and a beta of 1.72. CrossAmerica Partners has a 1-year low of $18.32 and a 1-year high of $23.29.

Institutional Investors Weigh In On CrossAmerica Partners

Institutional investors have recently added to or reduced their stakes in the stock. Morton Brown Family Wealth LLC acquired a new stake in CrossAmerica Partners during the third quarter valued at approximately $35,000. UBS Group AG boosted its holdings in CrossAmerica Partners by 33.0% during the first quarter. UBS Group AG now owns 5,758 shares of the oil and gas company’s stock valued at $125,000 after purchasing an additional 1,430 shares in the last quarter. Bank of America Corp DE raised its stake in shares of CrossAmerica Partners by 226.9% in the fourth quarter. Bank of America Corp DE now owns 8,774 shares of the oil and gas company’s stock valued at $174,000 after acquiring an additional 6,090 shares during the last quarter. Advisor Group Holdings Inc. raised its stake in shares of CrossAmerica Partners by 37.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 9,371 shares of the oil and gas company’s stock valued at $185,000 after acquiring an additional 2,559 shares during the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of CrossAmerica Partners in the third quarter valued at approximately $189,000. 23.05% of the stock is owned by institutional investors and hedge funds.

About CrossAmerica Partners

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CrossAmerica Partners LP engages in the wholesale distribution of motor fuels and owning and leasing of real estate used in the retail distribution of motor fuels. It operates through the following segments: Wholesale and Retail. The Wholesale segment distributes branded motor fuels such as ExxonMobil, BP, Motiva, Chevron, Sunoco, Valero, Gulf, Citgo, and Marathon.