CrossAmerica Partners (NYSE:CAPL) Stock Passes Above Fifty Day Moving Average – Should You Sell?

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 $21.76 and traded as high as $22.40. CrossAmerica Partners shares last traded at $21.9060, with a volume of 55,943 shares changing hands.

Analyst Ratings Changes

A number of analysts recently commented on the company. Weiss Ratings upgraded CrossAmerica Partners from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. Wall Street Zen upgraded CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Zacks Research upgraded CrossAmerica Partners from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

CrossAmerica Partners Price Performance

The company has a market cap of $835.28 million, a PE ratio of 14.70 and a beta of 0.29. The business has a 50-day moving average of $21.76 and a 200 day moving average of $21.53.

CrossAmerica Partners (NYSE:CAPL) last posted its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.42. The company had revenue of $841.83 million during the quarter, compared to analysts’ expectations of $697.31 million. CrossAmerica Partners had a negative return on equity of 22.21% and a net margin of 1.64%. On average, equities analysts predict that CrossAmerica Partners LP will post 0.93 EPS for the current fiscal year.

CrossAmerica Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 4th were given a $0.525 dividend. The ex-dividend date was Monday, May 4th. This represents a $2.10 dividend on an annualized basis and a yield of 9.6%. CrossAmerica Partners’s dividend payout ratio is presently 140.94%.

Institutional Trading of CrossAmerica Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of CAPL. First Trust Advisors LP increased its position in CrossAmerica Partners by 22.9% in the third quarter. First Trust Advisors LP now owns 199,041 shares of the oil and gas company’s stock worth $4,186,000 after buying an additional 37,093 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in CrossAmerica Partners by 4.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 610,616 shares of the oil and gas company’s stock worth $12,774,000 after buying an additional 27,767 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in CrossAmerica Partners in the first quarter worth about $535,000. NewEdge Wealth LLC increased its position in CrossAmerica Partners by 25.4% in the third quarter. NewEdge Wealth LLC now owns 92,749 shares of the oil and gas company’s stock worth $1,859,000 after buying an additional 18,798 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in CrossAmerica Partners by 4.8% in the third quarter. Raymond James Financial Inc. now owns 298,248 shares of the oil and gas company’s stock worth $6,272,000 after buying an additional 13,767 shares in the last quarter. Hedge funds and other institutional investors own 24.06% of the company’s stock.

About CrossAmerica Partners

CrossAmerica Partners LP (NYSE:CAPL) is a publicly traded master limited partnership engaged in the wholesale distribution of motor fuels across the United States. The company procures, transports and stores refined petroleum products including gasoline, diesel fuel, kerosene, heating oil and select renewable fuel blends. Through its integrated network of pipelines, terminals and truck fleets, CrossAmerica Partners supplies fuel to a broad base of customers, including convenience stores, supermarket chains, travel centers and independent marketers.

Formed in 2014 as a spin-off of Sunoco’s wholesale fuel business, CrossAmerica Partners acquired refined petroleum distribution assets and entered into long-term supply agreements designed to deliver stable, fee-based revenues.