CrossAmerica Partners (NYSE:CAPL) Stock Price Passes Below 50-Day Moving Average - Should You Sell?

Key Points

• CrossAmerica Partners fell below its 50-day moving average, trading as low as $22.42 versus the $22.65 average, with its latest price at $22.46.
• Analyst sentiment remains generally positive: the stock has an average “Buy” rating, with one Strong Buy and one Hold recommendation. The company also beat quarterly earnings expectations, reporting $0.50 EPS versus the $0.38 consensus estimate.
• CrossAmerica declared a quarterly dividend of $0.525, equivalent to $2.10 annually and a 9.3% yield; however, its 153.28% payout ratio indicates the dividend exceeds reported earnings.

CrossAmerica Partners LP (NYSE:CAPL - Get Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $22.65 and traded as low as $22.42. CrossAmerica Partners shares last traded at $22.46, with a volume of 29,054 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CAPL shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of CrossAmerica Partners in a research report on Tuesday, September 8th. Zacks Research upgraded CrossAmerica Partners from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy".

CrossAmerica Partners Price Performance

The company has a market cap of $857.30 million, a PE ratio of 16.39 and a beta of 0.30. The company has a 50-day moving average price of $22.65 and a two-hundred day moving average price of $22.05.

CrossAmerica Partners (NYSE:CAPL - Get Free Report) last announced its earnings results on Wednesday, August 5th. The oil and gas company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.38 by $0.12. CrossAmerica Partners had a negative return on equity of 37.73% and a net margin of 1.43%.The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $731.45 million. On average, equities research analysts anticipate that CrossAmerica Partners LP will post 1.18 earnings per share for the current year.

CrossAmerica Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 3rd were paid a $0.525 dividend. The ex-dividend date was Monday, August 3rd. This represents a $2.10 annualized dividend and a dividend yield of 9.3%. CrossAmerica Partners's dividend payout ratio is 153.28%.

Institutional Investors Weigh In On CrossAmerica Partners

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CAPL. First Trust Advisors LP increased its position in shares of CrossAmerica Partners by 5.9% during the first quarter. First Trust Advisors LP now owns 190,006 shares of the oil and gas company's stock worth $3,948,000 after acquiring an additional 10,640 shares during the last quarter. NewEdge Wealth LLC boosted its holdings in CrossAmerica Partners by 1.3% in the first quarter. NewEdge Wealth LLC now owns 93,975 shares of the oil and gas company's stock valued at $1,953,000 after purchasing an additional 1,213 shares during the last quarter. Outlook Wealth Advisors LLC boosted its holdings in CrossAmerica Partners by 80.9% in the first quarter. Outlook Wealth Advisors LLC now owns 22,250 shares of the oil and gas company's stock valued at $462,000 after purchasing an additional 9,950 shares during the last quarter. ING Groep NV grew its stake in CrossAmerica Partners by 30.8% during the 4th quarter. ING Groep NV now owns 17,000 shares of the oil and gas company's stock valued at $350,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Sei Investments Co. acquired a new stake in CrossAmerica Partners during the 1st quarter valued at approximately $278,000. Hedge funds and other institutional investors own 24.06% of the company's stock.

CrossAmerica Partners Company Profile

CrossAmerica Partners LP NYSE: CAPL is a publicly traded master limited partnership focused on the downstream energy sector. The company distributes motor fuels, including gasoline and diesel, through a network of terminals, transportation assets and supply relationships.

CrossAmerica supplies fuel to independently operated gasoline stations, convenience stores, commercial customers and other wholesale purchasers. It also owns or leases certain retail fuel and convenience-store properties, where it may support site operations through fuel supply agreements, leases and related services.

Founded in 2012, CrossAmerica serves customers across multiple regions of the United States.

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