CrossAmerica Partners (NYSE:CAPL) Director Purchases $36,933.54 in Stock

Key Points

• Director Purchases: CrossAmerica Partners' Director John Reilly III bought 1,871 shares at an average price of $19.74, totaling approximately $36,933.54, increasing his ownership to nearly 5 million shares valued at $98 million.
• Quarterly Earnings Report: The company reported earnings of $0.07 per share, missing the estimated $0.20, while revenue exceeded expectations at $961.93 million.
• Dividend Announcement: CrossAmerica Partners declared a quarterly dividend of $0.525 per share, resulting in an annualized yield of 10.5%, with a high payout ratio of 185.84%.

CrossAmerica Partners LP (NYSE:CAPL - Get Free Report) Director John Reilly III purchased 1,871 shares of the firm's stock in a transaction on Friday, October 10th. The shares were purchased at an average price of $19.74 per share, with a total value of $36,933.54. Following the completion of the acquisition, the director directly owned 4,969,188 shares of the company's stock, valued at approximately $98,091,771.12. This trade represents a 0.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

CrossAmerica Partners Trading Up 0.5%

Shares of CrossAmerica Partners stock traded up $0.10 during trading on Tuesday, reaching $20.03. The company's stock had a trading volume of 27,044 shares, compared to its average volume of 34,113. CrossAmerica Partners LP has a one year low of $19.50 and a one year high of $25.73. The stock has a market capitalization of $763.51 million, a P/E ratio of 17.72 and a beta of 0.48. The stock has a 50-day moving average price of $20.65 and a two-hundred day moving average price of $21.62.

CrossAmerica Partners (NYSE:CAPL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.13). CrossAmerica Partners had a net margin of 1.19% and a negative return on equity of 32.78%. The business had revenue of $961.93 million during the quarter, compared to analyst estimates of $793.52 million. As a group, sell-side analysts anticipate that CrossAmerica Partners LP will post 0.42 EPS for the current fiscal year.

CrossAmerica Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 4th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 10.5%. The ex-dividend date of this dividend was Monday, August 4th. CrossAmerica Partners's dividend payout ratio (DPR) is currently 185.84%.

Institutional Investors Weigh In On CrossAmerica Partners

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quadrant Private Wealth Management LLC boosted its stake in shares of CrossAmerica Partners by 0.4% during the 1st quarter. Quadrant Private Wealth Management LLC now owns 165,262 shares of the oil and gas company's stock worth $4,060,000 after acquiring an additional 719 shares in the last quarter. SVB Wealth LLC acquired a new position in CrossAmerica Partners in the first quarter valued at about $33,000. Goldman Sachs Group Inc. lifted its stake in CrossAmerica Partners by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 39,040 shares of the oil and gas company's stock worth $959,000 after acquiring an additional 1,375 shares in the last quarter. GSA Capital Partners LLP lifted its stake in CrossAmerica Partners by 3.8% during the 1st quarter. GSA Capital Partners LLP now owns 37,806 shares of the oil and gas company's stock worth $929,000 after acquiring an additional 1,397 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in shares of CrossAmerica Partners by 36.3% during the second quarter. Osaic Holdings Inc. now owns 14,301 shares of the oil and gas company's stock worth $299,000 after purchasing an additional 3,812 shares in the last quarter. 24.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on CAPL. Weiss Ratings restated a "hold (c)" rating on shares of CrossAmerica Partners in a report on Wednesday, October 8th. Wall Street Zen upgraded CrossAmerica Partners from a "hold" rating to a "buy" rating in a report on Monday, August 25th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, CrossAmerica Partners presently has a consensus rating of "Hold".

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.

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