MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Holdings in CrossAmerica Partners LP (NYSE:CAPL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in CrossAmerica Partners LP (NYSE:CAPL - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 567,901 shares of the oil and gas company's stock after buying an additional 28,758 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.49% of CrossAmerica Partners worth $12,494,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP purchased a new position in CrossAmerica Partners during the fourth quarter worth about $44,000. EverSource Wealth Advisors LLC raised its stake in CrossAmerica Partners by 47.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,731 shares of the oil and gas company's stock worth $82,000 after purchasing an additional 1,200 shares during the period. Sonora Investment Management Group LLC purchased a new position in CrossAmerica Partners during the fourth quarter worth about $224,000. CIBC Private Wealth Group LLC raised its stake in CrossAmerica Partners by 4.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 25,500 shares of the oil and gas company's stock worth $561,000 after purchasing an additional 1,000 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in CrossAmerica Partners by 6.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 28,768 shares of the oil and gas company's stock worth $633,000 after purchasing an additional 1,747 shares during the period. 24.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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 Down 1.1%

CAPL stock traded down $0.24 during trading on Thursday, reaching $22.33. 545 shares of the stock were exchanged, compared to its average volume of 35,146. The business has a 50 day moving average price of $23.20 and a 200-day moving average price of $22.37. CrossAmerica Partners LP has a 1 year low of $18.43 and a 1 year high of $25.73. The firm has a market capitalization of $850.61 million, a price-to-earnings ratio of 42.99 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) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.14). The firm had revenue of $862.48 million for the quarter, compared to analysts' expectations of $735.09 million. CrossAmerica Partners had a negative return on equity of 104.40% and a net margin of 0.50%. On average, research analysts anticipate that CrossAmerica Partners LP will post 0.42 EPS for the current year.

CrossAmerica Partners Dividend Announcement

The business also recently declared 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 9.41%. The ex-dividend date was Monday, May 5th. CrossAmerica Partners's dividend payout ratio (DPR) is 262.50%.

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.