CrossAmerica Partners (NYSE:CAPL) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

CrossAmerica Partners LP (NYSE:CAPL)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $20.97 and traded as high as $21.65. CrossAmerica Partners shares last traded at $21.58, with a volume of 15,986 shares.

Wall Street Analysts Forecast Growth

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

CrossAmerica Partners Price Performance

The company has a 50 day moving average price of $20.96 and a 200 day moving average price of $20.48. The firm has a market cap of $821.88 million, a PE ratio of 41.54 and a beta of 1.48.

CrossAmerica Partners (NYSE:CAPL) last released its earnings results on Wednesday, November 6th. The oil and gas company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.28 billion. CrossAmerica Partners had a net margin of 0.50% and a negative return on equity of 104.40%. During the same period in the previous year, the company earned $0.31 EPS. On average, equities analysts anticipate that CrossAmerica Partners LP will post 0.42 earnings per share for the current fiscal year.

CrossAmerica Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Monday, November 4th were issued a dividend of $0.525 per share. The ex-dividend date was Monday, November 4th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 9.72%. CrossAmerica Partners’s dividend payout ratio (DPR) is presently 403.85%.

Institutional Trading of CrossAmerica Partners

Several large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in shares of CrossAmerica Partners by 376.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,531 shares of the oil and gas company’s stock worth $51,000 after buying an additional 2,000 shares during the period. Franklin Resources Inc. acquired a new position in CrossAmerica Partners in the third quarter valued at approximately $279,000. IFG Advisory LLC acquired a new stake in shares of CrossAmerica Partners during the second quarter worth $332,000. Sanctuary Advisors LLC acquired a new stake in shares of CrossAmerica Partners in the 2nd quarter valued at approximately $348,000. Finally, Thrivent Financial for Lutherans grew its holdings in shares of CrossAmerica Partners by 18.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 27,021 shares of the oil and gas company’s stock valued at $560,000 after buying an additional 4,267 shares during the period. 24.06% of the stock is owned by institutional investors and hedge funds.

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.