CrossAmerica Partners (NYSE:CAPL) Stock Price Crosses Above 50 Day Moving Average - Should You Sell?

Key Points

• CrossAmerica Partners LP's stock price has crossed above its 50-day moving average of $20.92, indicating potential upward momentum in trading, having reached a high of $21.20 recently.
• The company's quarterly earnings reported an EPS of $0.07, falling short of the expectation of $0.20, yet its revenue for the quarter was $961.93 million, surpassing analyst estimates of $793.52 million.
• CrossAmerica has declared a quarterly dividend of $0.525, resulting in a 10.0% dividend yield, although its dividend payout ratio stands at a high 185.84%.

CrossAmerica Partners LP (NYSE:CAPL - Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $20.92 and traded as high as $21.20. CrossAmerica Partners shares last traded at $21.08, with a volume of 20,911 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of CrossAmerica Partners from a "hold" rating to a "buy" rating in a research note on Monday, August 25th.

CrossAmerica Partners Trading Down 0.6%

The firm's fifty day moving average price is $20.92 and its 200 day moving average price is $21.86. The stock has a market capitalization of $803.42 million, a price-to-earnings ratio of 18.65 and a beta of 0.51.

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

CrossAmerica Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 4th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 10.0%. The ex-dividend date was Monday, August 4th. CrossAmerica Partners's dividend payout ratio is currently 185.84%.

Insider Activity at CrossAmerica Partners

In related news, Director John B. Reilly III acquired 2,706 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were purchased at an average cost of $20.01 per share, for a total transaction of $54,147.06. Following the acquisition, the director owned 4,967,317 shares in the company, valued at $99,396,013.17. The trade was a 0.05% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph V. Jr. Topper bought 2,706 shares of CrossAmerica Partners stock in a transaction on Tuesday, August 12th. The shares were acquired at an average price of $20.01 per share, for a total transaction 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. This represents a 0.15% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 52.00% of the company's stock.

Institutional Trading of CrossAmerica Partners

A number of large investors have recently modified their holdings of CAPL. SVB Wealth LLC purchased a new stake in shares of CrossAmerica Partners during the first quarter worth $33,000. Private Advisor Group LLC purchased a new stake in shares of CrossAmerica Partners during the first quarter worth $205,000. Osaic Holdings Inc. increased its position 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 acquiring an additional 3,812 shares during the period. Kestra Private Wealth Services LLC purchased a new stake in shares of CrossAmerica Partners during the first quarter worth $388,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of CrossAmerica Partners during the first quarter worth $535,000. Hedge funds and other institutional investors own 24.06% of the company's stock.

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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