14,500 Shares in CrossAmerica Partners LP (NYSE:CAPL) Acquired by SpiderRock Advisors LLC

SpiderRock Advisors LLC acquired a new position in shares of CrossAmerica Partners LP (NYSE:CAPL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,500 shares of the oil and gas company’s stock, valued at approximately $325,000.

Several other large investors also recently modified their holdings of the business. B. Riley Wealth Advisors Inc. acquired a new stake in shares of CrossAmerica Partners during the 3rd quarter worth about $205,000. Exchange Traded Concepts LLC grew its stake in shares of CrossAmerica Partners by 12.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 24,037 shares of the oil and gas company’s stock worth $548,000 after purchasing an additional 2,687 shares during the last quarter. Raymond James & Associates raised its position in shares of CrossAmerica Partners by 0.9% during the fourth quarter. Raymond James & Associates now owns 87,923 shares of the oil and gas company’s stock worth $2,005,000 after acquiring an additional 774 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in CrossAmerica Partners by 3.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 204,875 shares of the oil and gas company’s stock valued at $4,671,000 after buying an additional 6,264 shares during the period. Finally, Apollon Wealth Management LLC lifted its stake in shares of CrossAmerica Partners by 3.3% in the 4th quarter. Apollon Wealth Management LLC now owns 15,154 shares of the oil and gas company’s stock valued at $346,000 after purchasing an additional 489 shares during the period. 24.06% of the stock is currently owned by institutional investors.

CrossAmerica Partners Stock Down 0.1 %

Shares of CAPL stock traded down $0.02 during trading hours on Friday, reaching $19.69. The company had a trading volume of 8,303 shares, compared to its average volume of 39,289. The company has a market cap of $748.81 million, a price-to-earnings ratio of 32.31 and a beta of 1.50. The company has a debt-to-equity ratio of 250.71, a current ratio of 0.77 and a quick ratio of 0.41. CrossAmerica Partners LP has a 12 month low of $18.65 and a 12 month high of $24.19. The business has a fifty day simple moving average of $20.49 and a 200-day simple moving average of $21.88.

CrossAmerica Partners (NYSE:CAPL) last released its earnings results on Wednesday, May 8th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). CrossAmerica Partners had a return on equity of 701.44% and a net margin of 0.56%. The firm had revenue of $941.55 million during the quarter, compared to analysts’ expectations of $1.17 billion. On average, research analysts expect that CrossAmerica Partners LP will post 0.26 earnings per share for the current fiscal year.

CrossAmerica Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, May 3rd were issued a dividend of $0.525 per share. The ex-dividend date was Thursday, May 2nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 10.67%. CrossAmerica Partners’s dividend payout ratio is 344.26%.

Analysts Set New Price Targets

Separately, StockNews.com lowered CrossAmerica Partners from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 9th.

About CrossAmerica Partners

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.