Thrivent Financial for Lutherans Has $560,000 Stock Position in CrossAmerica Partners LP (NYSE:CAPL)

Thrivent Financial for Lutherans boosted its stake in shares of CrossAmerica Partners LP (NYSE:CAPL) by 18.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 27,021 shares of the oil and gas company’s stock after buying an additional 4,267 shares during the period. Thrivent Financial for Lutherans’ holdings in CrossAmerica Partners were worth $560,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CAPL. B. Riley Wealth Advisors Inc. acquired a new stake in CrossAmerica Partners during the 1st quarter worth approximately $205,000. IFG Advisory LLC acquired a new stake in shares of CrossAmerica Partners in the second quarter valued at approximately $332,000. EverSource Wealth Advisors LLC raised its holdings in shares of CrossAmerica Partners by 376.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,531 shares of the oil and gas company’s stock valued at $51,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of CrossAmerica Partners in the second quarter valued at approximately $348,000. 24.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a report on Friday, November 15th.

CrossAmerica Partners Stock Down 1.3 %

NYSE CAPL opened at $21.35 on Thursday. CrossAmerica Partners LP has a 12-month low of $18.43 and a 12-month high of $24.19. The company has a market capitalization of $812.30 million, a PE ratio of 41.56 and a beta of 1.48. The firm’s 50 day moving average is $20.87 and its 200-day moving average is $20.32.

CrossAmerica Partners (NYSE:CAPL) last posted its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. CrossAmerica Partners had a net margin of 0.50% and a negative return on equity of 104.40%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the company earned $0.31 earnings per share. As a group, sell-side analysts expect that CrossAmerica Partners LP will post 0.42 EPS for the current year.

CrossAmerica Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Monday, November 4th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.10 dividend on an annualized basis and a yield of 9.84%. CrossAmerica Partners’s payout ratio is 403.85%.

CrossAmerica Partners 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.