CrossAmerica Partners (NYSE:CAPL) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• CrossAmerica Partners (NYSE:CAPL) has been reaffirmed with a "hold (C)" rating by Weiss Ratings, while Wall Street Zen upgraded the stock to a "buy" rating.
• The company reported a net margin of 1.19% and earnings per share of $0.07 for the last quarter, missing the consensus estimate of $0.20 by $0.13.
• Insider trading was notable, as Director Joseph V. Jr. Topper and John B. Reilly III each purchased shares at an average cost of $20.01 on August 12th, indicating confidence in the company.

CrossAmerica Partners (NYSE:CAPL - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded CrossAmerica Partners from a "hold" rating to a "buy" rating in a report on Monday, August 25th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, CrossAmerica Partners currently has a consensus rating of "Hold".

CrossAmerica Partners Trading Down 0.6%

CAPL traded down $0.12 on Wednesday, reaching $20.05. The company had a trading volume of 25,652 shares, compared to its average volume of 29,779. CrossAmerica Partners has a one year low of $19.50 and a one year high of $25.73. The company has a fifty day moving average of $20.71 and a 200-day moving average of $21.74. The company has a market capitalization of $764.31 million, a P/E ratio of 17.74 and a beta of 0.48.

CrossAmerica Partners (NYSE:CAPL - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $793.52 million. Research analysts predict that CrossAmerica Partners will post 0.42 EPS for the current year.

Insider Buying and Selling at CrossAmerica Partners

In related news, Director Joseph V. Jr. Topper acquired 2,706 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was bought at an average cost of $20.01 per share, with a total value of $54,147.06. Following the completion of the acquisition, the director owned 1,857,649 shares in the company, valued at $37,171,556.49. The trade was a 0.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John B. Reilly III purchased 2,706 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was acquired at an average cost of $20.01 per share, with a total value of $54,147.06. Following the completion of the acquisition, the director directly owned 4,967,317 shares of the company's stock, valued at $99,396,013.17. The trade was a 0.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. 52.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Quadrant Private Wealth Management LLC increased its position in CrossAmerica Partners by 0.4% in the first quarter. Quadrant Private Wealth Management LLC now owns 165,262 shares of the oil and gas company's stock worth $4,060,000 after purchasing an additional 719 shares during the period. SVB Wealth LLC bought a new stake in CrossAmerica Partners during the 1st quarter worth about $33,000. Goldman Sachs Group Inc. raised its holdings 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 purchasing an additional 1,375 shares during the last quarter. GSA Capital Partners LLP raised its holdings 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 purchasing an additional 1,397 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in CrossAmerica Partners by 36.3% during the 2nd 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 during the last quarter. 24.06% of the stock is owned by institutional investors.

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.

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