CrossAmerica Partners (NYSE:CAPL) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Shares of CrossAmerica Partners LP (NYSE:CAPL) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $21.61 and traded as high as $22.23. CrossAmerica Partners shares last traded at $22.0950, with a volume of 45,069 shares trading hands.

Analyst Upgrades and Downgrades

CAPL has been the subject of several analyst reports. Zacks Research raised shares of CrossAmerica Partners from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of CrossAmerica Partners in a report on Friday, May 29th. Finally, Wall Street Zen raised shares of CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

CrossAmerica Partners Trading Up 1.5%

The stock has a market capitalization of $842.48 million, a P/E ratio of 14.83 and a beta of 0.29. The firm’s fifty day moving average is $21.61 and its 200-day moving average is $21.46.

CrossAmerica Partners (NYSE:CAPL) last announced its earnings results on Wednesday, May 6th. The oil and gas company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.42. CrossAmerica Partners had a net margin of 1.64% and a negative return on equity of 22.21%. The company had revenue of $841.83 million during the quarter, compared to the consensus estimate of $697.31 million. Equities research analysts expect that CrossAmerica Partners LP will post 0.93 EPS for the current year.

CrossAmerica Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 4th were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 9.5%. CrossAmerica Partners’s payout ratio is currently 140.94%.

Hedge Funds Weigh In On CrossAmerica Partners

Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its stake in shares of CrossAmerica Partners by 40.0% in the first quarter. NewEdge Advisors LLC now owns 2,100 shares of the oil and gas company’s stock worth $44,000 after acquiring an additional 600 shares during the last quarter. CWM LLC raised its stake in shares of CrossAmerica Partners by 35.5% in the fourth quarter. CWM LLC now owns 3,387 shares of the oil and gas company’s stock worth $70,000 after acquiring an additional 887 shares during the last quarter. North Star Investment Management Corp. bought a new position in shares of CrossAmerica Partners in the first quarter worth about $105,000. Wells Fargo & Company MN raised its stake in shares of CrossAmerica Partners by 43.3% in the fourth quarter. Wells Fargo & Company MN now owns 6,190 shares of the oil and gas company’s stock worth $128,000 after acquiring an additional 1,869 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of CrossAmerica Partners by 48.7% in the fourth quarter. Royal Bank of Canada now owns 7,394 shares of the oil and gas company’s stock worth $153,000 after acquiring an additional 2,422 shares during the last quarter. 24.06% of the stock is owned by institutional investors.

CrossAmerica Partners Company Profile

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.