Short Interest in CrossAmerica Partners LP (NYSE:CAPL) Decreases By 6.0%

CrossAmerica Partners LP (NYSE:CAPL) was the target of a large drop in short interest in September. As of September 15th, there was short interest totalling 71,500 shares, a drop of 6.0% from the August 31st total of 76,100 shares. Based on an average trading volume of 35,800 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.4% of the shares of the stock are short sold.

CrossAmerica Partners Price Performance

CAPL opened at $21.14 on Wednesday. The stock has a market cap of $803.89 million, a price-to-earnings ratio of 34.66 and a beta of 1.51. CrossAmerica Partners has a 1 year low of $18.43 and a 1 year high of $24.19. The company has a current ratio of 0.76, a quick ratio of 0.37 and a debt-to-equity ratio of 250.71. The stock has a fifty day moving average price of $20.15 and a 200 day moving average price of $20.76.

CrossAmerica Partners (NYSE:CAPL) last posted its earnings results on Wednesday, August 7th. The oil and gas company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.10. CrossAmerica Partners had a negative return on equity of 314.20% and a net margin of 0.51%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.27 billion. Analysts forecast that CrossAmerica Partners will post 0.46 EPS for the current fiscal year.

CrossAmerica Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, August 2nd were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.10 annualized dividend and a yield of 9.93%. CrossAmerica Partners’s dividend payout ratio (DPR) is currently 344.26%.

Hedge Funds Weigh In On CrossAmerica Partners

Institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC bought a new position in shares of CrossAmerica Partners in the first quarter worth about $31,000. EverSource Wealth Advisors LLC increased its stake 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 worth $51,000 after purchasing an additional 2,000 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of CrossAmerica Partners in the first quarter worth about $205,000. American Financial Group Inc. increased its stake in shares of CrossAmerica Partners by 3.7% in the first 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 period. Finally, SpiderRock Advisors LLC bought a new position in shares of CrossAmerica Partners in the first quarter worth about $325,000. 24.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut CrossAmerica Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 25th.

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.