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

CrossAmerica Partners LP (NYSE:CAPL - Get Free Report)'s stock price crossed 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.

Analyst Ratings Changes

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

CrossAmerica Partners Trading Up 0.1%

The business's 50 day moving average is $22.75 and its 200 day moving average is $22.53. The stock has a market capitalization of $835.30 million, a PE ratio of 42.16 and a beta of 0.58.

CrossAmerica Partners (NYSE:CAPL - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $735.09 million. As a group, analysts anticipate that CrossAmerica Partners LP will post 0.42 EPS for the current year.

CrossAmerica Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 9.58%. CrossAmerica Partners's dividend payout ratio is presently 262.50%.

Hedge Funds Weigh In On CrossAmerica Partners

Large investors have recently made changes to their positions in the company. SVB Wealth LLC purchased a new position in shares of CrossAmerica Partners during the 1st quarter worth about $33,000. Allworth Financial LP bought a new stake in CrossAmerica Partners during the 4th quarter valued at about $44,000. EverSource Wealth Advisors LLC lifted its holdings in CrossAmerica Partners by 47.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,731 shares of the oil and gas company's stock valued at $82,000 after buying an additional 1,200 shares in the last quarter. Private Advisor Group LLC bought a new stake in CrossAmerica Partners during the 1st quarter valued at about $205,000. Finally, Kestra Private Wealth Services LLC bought a new stake in CrossAmerica Partners during the 1st quarter valued at about $388,000. 24.06% of the stock is owned by hedge funds and other 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.