CrossAmerica Partners (CAPL) Sets New 1-Year Low at $22.88

Shares of CrossAmerica Partners LP (NYSE:CAPL) hit a new 52-week low during trading on Wednesday . The stock traded as low as $22.88 and last traded at $23.74, with a volume of 46800 shares. The stock had previously closed at $24.34.

Several analysts have commented on CAPL shares. BidaskClub upgraded shares of CrossAmerica Partners from a “hold” rating to a “buy” rating in a report on Wednesday, August 30th. Royal Bank Of Canada lowered their target price on shares of CrossAmerica Partners from $30.00 to $28.00 and set a “sector perform” rating for the company in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. CrossAmerica Partners currently has a consensus rating of “Hold” and an average price target of $29.00.

The company has a market cap of $806.80, a price-to-earnings ratio of 107.91, a PEG ratio of 356.10 and a beta of 1.28. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.57 and a current ratio of 0.70.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were issued a dividend of $0.6275 per share. This represents a $2.51 annualized dividend and a dividend yield of 10.82%. This is a positive change from CrossAmerica Partners’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Friday, November 3rd. CrossAmerica Partners’s dividend payout ratio (DPR) is presently -25,100,000.00%.

In other news, Director Joseph V. Jr. Topper purchased 39,057 shares of CrossAmerica Partners stock in a transaction that occurred on Friday, September 15th. The stock was bought at an average price of $27.52 per share, with a total value of $1,074,848.64. Following the completion of the transaction, the director now directly owns 163,544 shares of the company’s stock, valued at $4,500,730.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph V. Jr. Topper purchased 15,913 shares of CrossAmerica Partners stock in a transaction that occurred on Wednesday, September 13th. The shares were purchased at an average cost of $26.87 per share, with a total value of $427,582.31. Following the transaction, the director now directly owns 163,544 shares of the company’s stock, valued at $4,394,427.28. The disclosure for this purchase can be found here.

Several institutional investors and hedge funds have recently made changes to their positions in CAPL. Credit Suisse AG increased its position in shares of CrossAmerica Partners by 6.8% during the first quarter. Credit Suisse AG now owns 23,954 shares of the oil and gas company’s stock valued at $628,000 after acquiring an additional 1,523 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of CrossAmerica Partners during the second quarter valued at approximately $255,000. Global X Management Co. LLC increased its position in shares of CrossAmerica Partners by 5.5% during the second quarter. Global X Management Co. LLC now owns 298,352 shares of the oil and gas company’s stock valued at $7,608,000 after acquiring an additional 15,577 shares in the last quarter. Welch Capital Partners LLC NY increased its position in shares of CrossAmerica Partners by 67.5% during the second quarter. Welch Capital Partners LLC NY now owns 99,871 shares of the oil and gas company’s stock valued at $2,547,000 after acquiring an additional 40,246 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of CrossAmerica Partners by 12.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 308,286 shares of the oil and gas company’s stock valued at $7,861,000 after acquiring an additional 35,106 shares in the last quarter. 34.45% of the stock is owned by institutional investors.

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About CrossAmerica Partners

CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Company operates in two segments: wholesale and retail. The wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC (DMS), CST Brands, Inc and subsidiaries (CST) and company operated retail sites.

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