CrossAmerica Partners (NYSE:CAPL) Stock Crosses Above Fifty Day Moving Average - Time to Sell?

CrossAmerica Partners LP (NYSE:CAPL - Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $21.59 and traded as high as $21.86. CrossAmerica Partners shares last traded at $21.67, with a volume of 21,288 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded CrossAmerica Partners from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th.

CrossAmerica Partners Price Performance

The business's 50 day moving average price is $21.52 and its 200-day moving average price is $22.50. The firm has a market capitalization of $850.77 million, a price-to-earnings ratio of 27.91 and a beta of 0.57.

CrossAmerica Partners (NYSE:CAPL - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.14). The company had revenue of $862.48 million for the quarter, compared to analyst estimates of $735.09 million. CrossAmerica Partners had a net margin of 0.80% and a negative return on equity of 45.12%. As a group, analysts expect that CrossAmerica Partners LP will post 0.42 earnings per share for the current fiscal year.

CrossAmerica Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Monday, August 4th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a $2.10 dividend on an annualized basis and a yield of 9.40%. CrossAmerica Partners's dividend payout ratio (DPR) is 262.50%.

Hedge Funds Weigh In On CrossAmerica Partners

Large investors have recently modified their holdings of the stock. SVB Wealth LLC bought a new stake in CrossAmerica Partners during the 1st quarter valued at $33,000. Private Advisor Group LLC purchased a new position in shares of CrossAmerica Partners in the first quarter worth approximately $205,000. Kestra Private Wealth Services LLC purchased a new stake in shares of CrossAmerica Partners in the first quarter valued at $388,000. Acadian Asset Management LLC acquired a new stake in shares of CrossAmerica Partners during the first quarter worth approximately $535,000. Finally, CIBC Private Wealth Group LLC grew its position in CrossAmerica Partners by 4.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 25,500 shares of the oil and gas company's stock worth $561,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 24.06% of the company's stock.

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.