CrossAmerica Partners (CAPL) Stock Forecast, Price & News

CrossAmerica Partners' stock was trading at $19.83 at the start of the year. Since then, CAPL stock has decreased by 7.7% and is now trading at $18.30.
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CrossAmerica Partners saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 73,100 shares, an increase of 22.7% from the April 30th total of 59,600 shares. Based on an average trading volume of 46,100 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.4% of the shares of the stock are short sold.
View CrossAmerica Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our CAPL earnings forecast.

CrossAmerica Partners LP (NYSE:CAPL) announced its quarterly earnings data on Monday, May, 8th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.14. The oil and gas company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.04 billion. CrossAmerica Partners had a trailing twelve-month return on equity of 106.25% and a net margin of 1.14%.

CrossAmerica Partners declared a quarterly dividend on Thursday, April 20th. Investors of record on Wednesday, May 3rd will be paid a dividend of $0.525 per share on Wednesday, May 10th. This represents a $2.10 dividend on an annualized basis and a yield of 11.48%. The ex-dividend date of this dividend is Tuesday, May 2nd.
Read our dividend analysis for CAPL.

ETFs with the largest weight of CrossAmerica Partners (NYSE:CAPL) stock in their portfolio include Global X SuperDividend U.S. ETF (DIV), First Trust Multi-Asset Diversified Income Index Fund (MDIV), Arrow Dow Jones Global Yield ETF (GYLD) and iShares MSCI Frontier and Select EM ETF (FM).Tortoise North American Pipeline Fund (TPYP),

CrossAmerica Partners (NYSE:CAPL) pays an annual dividend of $2.10 per share and currently has a dividend yield of 11.49%. CAPL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 144.83%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CAPL will have a dividend payout ratio of 295.77% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CAPL.

Based on aggregate information from My MarketBeat watchlists, some companies that other CrossAmerica Partners investors own include Abiomed (ABMD), Energy Transfer (ET), bluebird bio (BLUE), Enterprise Products Partners (EPD), NXP Semiconductors (NXPI), Bank of America (BAC), New Residential Investment (NRZ), AT&T (T), Monroe Capital (MRCC) and NGL Energy Partners (NGL).

CrossAmerica Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "CAPL."

CrossAmerica Partners' stock is owned by a variety of retail and institutional investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (1.64%), JPMorgan Chase & Co. (0.92%), First Trust Advisors LP (0.50%), Raymond James Financial Services Advisors Inc. (0.49%), Advisors Capital Management LLC (0.47%) and Raymond James & Associates (0.23%). Insiders that own company stock include John B Reilly III, Joseph V Jr Topper, Justin A Gannon, Mickey Kim and Thomas E Kelso.
View institutional ownership trends.

Shares of CAPL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CAPL stock can currently be purchased for approximately $18.30.

CrossAmerica Partners (NYSE:CAPL) has a market capitalization of $694.49 million and generates $4.97 billion in revenue each year. The oil and gas company earns $63.70 million in net income (profit) each year or $1.45 on an earnings per share basis.

The company employs 2,020 workers across the globe.

CrossAmerica Partners' mailing address is 600 HAMILTON STREET SUITE 500, ALLENTOWN PA, 18101. The official website for the company is www.crossamericapartners.com. The oil and gas company can be reached via phone at (610) 625-8000, via email at info@caplp.com, or via fax at 610-776-6270.