CrossAmerica Partners LP (NYSE:CAPL) Stock Holdings Increased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lifted its holdings in CrossAmerica Partners LP (NYSE:CAPL) by 376.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,531 shares of the oil and gas company’s stock after purchasing an additional 2,000 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in CrossAmerica Partners were worth $51,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in shares of CrossAmerica Partners in the first quarter valued at $31,000. B. Riley Wealth Advisors Inc. bought a new position in shares of CrossAmerica Partners during the 1st quarter valued at about $205,000. American Financial Group Inc. grew its stake in shares of CrossAmerica Partners by 3.7% in the 1st quarter. American Financial Group Inc. now owns 14,000 shares of the oil and gas company’s stock worth $319,000 after purchasing an additional 500 shares during the last quarter. SpiderRock Advisors LLC bought a new stake in shares of CrossAmerica Partners in the 1st quarter worth approximately $325,000. Finally, IFG Advisory LLC acquired a new stake in CrossAmerica Partners during the second quarter valued at approximately $332,000. 24.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com cut CrossAmerica Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

CrossAmerica Partners Trading Up 0.2 %

Shares of NYSE CAPL opened at $20.70 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.76 and a debt-to-equity ratio of 250.71. CrossAmerica Partners LP has a 12 month low of $18.43 and a 12 month high of $24.19. The company has a market cap of $787.16 million, a price-to-earnings ratio of 33.93 and a beta of 1.51. The business has a fifty day simple moving average of $20.10 and a 200-day simple moving average of $20.79.

CrossAmerica Partners (NYSE:CAPL) last posted its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.10. CrossAmerica Partners had a net margin of 0.51% and a negative return on equity of 314.20%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.27 billion. Sell-side analysts predict that CrossAmerica Partners LP will post 0.46 EPS for the current year.

CrossAmerica Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, August 2nd were issued a $0.525 dividend. The ex-dividend date was Friday, August 2nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 10.14%. CrossAmerica Partners’s dividend payout ratio is 344.26%.

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.