CrossAmerica Partners (NYSE:CAPL - Get Free Report) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a report issued on Friday.
CrossAmerica Partners Trading Up 1.1%
Shares of CAPL stock opened at $23.46 on Friday. The company's fifty day moving average price is $23.25 and its 200-day moving average price is $22.33. The stock has a market cap of $892.89 million, a PE ratio of 45.12 and a beta of 0.68. CrossAmerica Partners has a 12 month low of $18.43 and a 12 month high of $25.73.
CrossAmerica Partners (NYSE:CAPL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.14). CrossAmerica Partners had a negative return on equity of 104.40% and a net margin of 0.50%. The business had revenue of $862.48 million for the quarter, compared to the consensus estimate of $735.09 million. On average, sell-side analysts forecast that CrossAmerica Partners will post 0.42 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Allworth Financial LP bought a new position in shares of CrossAmerica Partners during the fourth quarter valued at $44,000. NewEdge Wealth LLC grew its position in CrossAmerica Partners by 112.7% during the 4th quarter. NewEdge Wealth LLC now owns 71,232 shares of the oil and gas company's stock valued at $1,567,000 after purchasing an additional 37,736 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in CrossAmerica Partners by 27.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 28,951 shares of the oil and gas company's stock valued at $637,000 after purchasing an additional 6,259 shares in the last quarter. Raymond James Financial Inc. purchased a new position in CrossAmerica Partners in the fourth quarter worth about $6,245,000. Finally, Thrivent Financial for Lutherans raised its holdings in CrossAmerica Partners by 6.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 28,768 shares of the oil and gas company's stock worth $633,000 after buying an additional 1,747 shares during the last quarter. Hedge funds and other institutional investors own 24.06% of the company's stock.
About CrossAmerica Partners
(
Get Free Report)
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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