John B. Reilly III Purchases 2,706 Shares of CrossAmerica Partners LP (NYSE:CAPL) Stock

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 bought 2,706 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were acquired at an average cost of $20.01 per share, with a total value of $54,147.06. Following the completion of the transaction, the director owned 4,967,317 shares of the company's stock, 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 is available through this link.

CrossAmerica Partners Price Performance

Shares of NYSE:CAPL traded down $0.26 during midday trading on Wednesday, hitting $20.20. 74,103 shares of the company's stock were exchanged, compared to its average volume of 35,807. The stock has a 50 day moving average price of $21.17 and a 200-day moving average price of $22.37. The company has a market cap of $770.02 million, a PE ratio of 17.88 and a beta of 0.55. CrossAmerica Partners LP has a 12 month low of $19.05 and a 12 month high of $25.73.

CrossAmerica Partners (NYSE:CAPL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $961.93 million during the quarter, compared to the consensus estimate of $793.52 million. On average, analysts anticipate that CrossAmerica Partners LP will post 0.42 EPS for the current fiscal year.

CrossAmerica Partners Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of CrossAmerica Partners from a "hold" rating to a "buy" rating in a research report on Saturday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrant Private Wealth Management LLC boosted its stake in 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 valued at $4,060,000 after acquiring an additional 719 shares during the last quarter. SVB Wealth LLC purchased a new position in CrossAmerica Partners in the first quarter valued at about $33,000. Goldman Sachs Group Inc. boosted its stake in CrossAmerica Partners by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 39,040 shares of the oil and gas company's stock valued at $959,000 after acquiring an additional 1,375 shares during the last quarter. GSA Capital Partners LLP lifted its stake in shares of CrossAmerica Partners by 3.8% during the 1st quarter. GSA Capital Partners LLP now owns 37,806 shares of the oil and gas company's stock valued at $929,000 after buying an additional 1,397 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in CrossAmerica Partners by 5.8% in the 4th quarter. Stifel Financial Corp now owns 44,469 shares of the oil and gas company's stock worth $978,000 after buying an additional 2,423 shares during the period. 24.06% of the stock is currently 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.

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