CrossAmerica Partners LP (NYSE:CAPL) Director John B. Reilly III Buys 2,706 Shares

Key Points

• John B. Reilly III, a director of CrossAmerica Partners LP, acquired 2,706 shares at an average price of $20.01 per share, increasing his total ownership to approximately 4.97 million shares.
• CrossAmerica Partners reported a loss of $0.13 per share in the last quarter, missing estimates of $0.20, despite completing revenue of $961.93 million.
• The company has announced a quarterly dividend of $0.525 per share, reflecting an annualized yield of 10.4%, with a payout ratio of 185.84%.

CrossAmerica Partners LP (NYSE:CAPL - Get Free Report) Director John B. Reilly III purchased 2,706 shares of the stock in a transaction dated Tuesday, August 12th. The shares were bought 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 4,967,317 shares in the company, valued at $99,396,013.17. This represents a 0.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

CrossAmerica Partners Trading Up 0.8%

Shares of CAPL stock traded up $0.17 on Monday, hitting $20.46. The stock had a trading volume of 5,226 shares, compared to its average volume of 35,785. The firm has a market cap of $779.70 million, a P/E ratio of 18.07 and a beta of 0.55. CrossAmerica Partners LP has a twelve month low of $19.05 and a twelve month high of $25.73. The company has a fifty day moving average price of $21.08 and a two-hundred day moving average price of $22.31.

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

CrossAmerica Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 4th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend was Monday, August 4th. CrossAmerica Partners's payout ratio is 185.84%.

Institutional Investors Weigh In On CrossAmerica Partners

Several hedge funds and other institutional investors have recently bought and sold shares of CAPL. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of CrossAmerica Partners by 50.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,596 shares of the oil and gas company's stock valued at $752,000 after purchasing an additional 10,269 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of CrossAmerica Partners in the first quarter valued at approximately $205,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of CrossAmerica Partners by 5.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 567,901 shares of the oil and gas company's stock valued at $12,494,000 after purchasing an additional 28,758 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of CrossAmerica Partners in the fourth quarter valued at approximately $6,245,000. Finally, Kestra Private Wealth Services LLC bought a new position in shares of CrossAmerica Partners in the first quarter valued at approximately $388,000. 24.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of CrossAmerica Partners from a "buy" rating to a "hold" rating in a research note on Sunday.

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.