CrossAmerica Partners (NYSE:CAPL) Upgraded to "Buy" at Wall Street Zen

Key Points

• CrossAmerica Partners has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, suggesting a positive outlook for the stock.
• The company reported a net margin of 1.19% and had earnings per share (EPS) of $0.07, missing analysts' estimates significantly.
• Institutional investors own 24.06% of CrossAmerica Partners, indicating a steady interest from larger investment firms.

Wall Street Zen upgraded shares of CrossAmerica Partners (NYSE:CAPL - Free Report) from a hold rating to a buy rating in a report released on Saturday morning.

CrossAmerica Partners Trading Up 2.8%

CAPL stock traded up $0.56 during trading on Friday, hitting $20.18. The company had a trading volume of 37,416 shares, compared to its average volume of 35,453. The firm has a market capitalization of $769.07 million, a price-to-earnings ratio of 17.85 and a beta of 0.55. The business has a 50 day moving average of $21.20 and a 200 day moving average of $22.38. CrossAmerica Partners has a fifty-two week low of $19.05 and a fifty-two week high of $25.73.

CrossAmerica Partners (NYSE:CAPL - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $961.93 million during the quarter, compared to the consensus estimate of $793.52 million. As a group, equities analysts predict that CrossAmerica Partners will post 0.42 EPS for the current year.

CrossAmerica Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Monday, August 4th will be given a $0.525 dividend. The ex-dividend date is Monday, August 4th. This represents a $2.10 annualized dividend and a yield of 10.4%. CrossAmerica Partners's payout ratio is 185.84%.

Institutional Investors Weigh In On CrossAmerica Partners

Hedge funds and other institutional investors have recently bought and sold shares of the business. SVB Wealth LLC purchased a new stake in CrossAmerica Partners during the first quarter valued at about $33,000. Private Advisor Group LLC purchased a new stake in CrossAmerica Partners during the first quarter valued at about $205,000. Kestra Private Wealth Services LLC purchased a new stake in CrossAmerica Partners during the first quarter valued at about $388,000. Acadian Asset Management LLC purchased a new stake in CrossAmerica Partners during the first quarter valued at about $535,000. Finally, Ellsworth Advisors LLC purchased a new stake in CrossAmerica Partners during the first quarter valued at about $648,000. 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.