CrossAmerica Partners (NYSE:CAPL) Stock Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Shares of CrossAmerica Partners LP (NYSE:CAPL - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.51 and traded as low as $21.58. CrossAmerica Partners shares last traded at $21.67, with a volume of 22,629 shares trading hands.

Analysts Set New Price Targets

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

CrossAmerica Partners Price Performance

The stock's 50-day simple moving average is $22.91 and its two-hundred day simple moving average is $22.51. The firm has a market capitalization of $827.87 million, a P/E ratio of 41.79 and a beta of 0.68.

CrossAmerica Partners (NYSE:CAPL - Get Free Report) last issued its earnings results on Wednesday, May 7th. The oil and gas company reported ($0.20) earnings per share 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 firm had revenue of $862.48 million during the quarter, compared to the consensus estimate of $735.09 million. On average, analysts forecast that CrossAmerica Partners LP will post 0.42 earnings per share for the current fiscal year.

CrossAmerica Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 9.66%. The ex-dividend date was Monday, May 5th. CrossAmerica Partners's dividend payout ratio (DPR) is 262.50%.

Institutional Trading of CrossAmerica Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in CrossAmerica Partners by 2.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 582,849 shares of the oil and gas company's stock worth $14,321,000 after purchasing an additional 14,948 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of CrossAmerica Partners by 1.8% in the first quarter. Raymond James Financial Inc. now owns 288,932 shares of the oil and gas company's stock worth $7,099,000 after buying an additional 5,060 shares in the last quarter. Quadrant Private Wealth Management LLC lifted its holdings in shares of 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 buying an additional 719 shares in the last quarter. LPL Financial LLC boosted its position in shares of CrossAmerica Partners by 6.2% during the fourth quarter. LPL Financial LLC now owns 107,405 shares of the oil and gas company's stock worth $2,363,000 after acquiring an additional 6,306 shares during the last quarter. Finally, NewEdge Wealth LLC grew its stake in CrossAmerica Partners by 112.7% during the fourth quarter. NewEdge Wealth LLC now owns 71,232 shares of the oil and gas company's stock valued at $1,567,000 after acquiring an additional 37,736 shares in the last quarter. 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.