CrossAmerica Partners (NYSE:CAPL) Stock Crosses Below Fifty Day Moving Average - What's Next?

Key Points

• The stock price of CrossAmerica Partners (NYSE:CAPL) fell below its 50-day moving average of $20.65, trading as low as $19.77 before closing at $20.03.
• Analysts have mixed ratings on CAPL, with Weiss Ratings giving it a "hold" rating, while Wall Street Zen upgraded it to a "buy" rating.
• CrossAmerica Partners recently announced a dividend payout of $0.525 per share, yielding 10.5% annually, amidst a high dividend payout ratio of 185.84%.

CrossAmerica Partners LP (NYSE:CAPL - Get Free Report) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $20.65 and traded as low as $19.77. CrossAmerica Partners shares last traded at $20.03, with a volume of 27,044 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CAPL. Weiss Ratings restated a "hold (c)" rating on shares of CrossAmerica Partners in a research note on Wednesday, October 8th. Wall Street Zen raised shares of CrossAmerica Partners from a "hold" rating to a "buy" rating in a research report on Monday, August 25th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of "Hold".

CrossAmerica Partners Trading Up 0.5%

The firm has a market cap of $763.51 million, a P/E ratio of 17.72 and a beta of 0.48. The company's 50-day moving average is $20.65 and its two-hundred day moving average is $21.61.

CrossAmerica Partners (NYSE:CAPL - Get Free Report) last announced its quarterly earnings results 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 the consensus estimate of $793.52 million. Research analysts anticipate that CrossAmerica Partners LP will post 0.42 EPS for the current fiscal year.

CrossAmerica Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 4th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend was Monday, August 4th. CrossAmerica Partners's dividend payout ratio (DPR) is presently 185.84%.

Insider Buying and Selling at CrossAmerica Partners

In other CrossAmerica Partners news, Director John B. Reilly III acquired 2,706 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were acquired at an average price of $20.01 per share, with a total value of $54,147.06. Following the completion of the transaction, the director owned 4,967,317 shares in the company, valued at approximately $99,396,013.17. This trade represents a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joseph V. Jr. Topper bought 2,706 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were acquired at an average cost of $20.01 per share, with a total value of $54,147.06. Following the completion of the transaction, the director owned 1,857,649 shares in the company, valued at approximately $37,171,556.49. The trade was a 0.15% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 9,084 shares of company stock worth $180,779. Insiders own 52.00% of the company's stock.

Institutional Investors Weigh In On CrossAmerica Partners

A number of hedge funds have recently made changes to their positions in CAPL. Cambridge Investment Research Advisors Inc. raised its stake in shares of CrossAmerica Partners by 50.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 30,596 shares of the oil and gas company's stock worth $752,000 after purchasing an additional 10,269 shares during the period. Private Advisor Group LLC bought a new stake in shares of CrossAmerica Partners in the 1st quarter worth approximately $205,000. Kestra Private Wealth Services LLC bought a new stake in shares of CrossAmerica Partners in the 1st quarter worth approximately $388,000. Quadrant Private Wealth Management LLC raised its holdings in shares of CrossAmerica Partners by 0.4% in 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 purchasing an additional 719 shares during the period. Finally, GSA Capital Partners LLP raised its holdings in shares of CrossAmerica Partners by 3.8% in 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 period. 24.06% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.