CrossAmerica Partners (NYSE:CAPL) Shares Gap Down to $22.83

CrossAmerica Partners LP (NYSE:CAPL)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $22.83, but opened at $21.98. CrossAmerica Partners shares last traded at $22.57, with a volume of 10,433 shares traded.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered shares of CrossAmerica Partners from a “b-” rating to a “c+” rating in a research report on Tuesday, February 27th.

CrossAmerica Partners Stock Performance

The stock’s fifty day moving average is $22.37 and its two-hundred day moving average is $22.16. The firm has a market capitalization of $867.84 million, a price-to-earnings ratio of 21.74 and a beta of 1.53. The company has a debt-to-equity ratio of 250.71, a quick ratio of 0.35 and a current ratio of 0.67.

CrossAmerica Partners (NYSE:CAPL) last posted its quarterly earnings data on Monday, February 26th. The oil and gas company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.20. CrossAmerica Partners had a net margin of 0.93% and a return on equity of 197.82%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.11 billion. Analysts forecast that CrossAmerica Partners LP will post 0.95 earnings per share for the current year.

CrossAmerica Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, February 2nd were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $2.10 dividend on an annualized basis and a yield of 9.19%. CrossAmerica Partners’s dividend payout ratio (DPR) is 200.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CAPL. UBS Group AG increased its stake in CrossAmerica Partners by 33.0% during the 1st quarter. UBS Group AG now owns 5,758 shares of the oil and gas company’s stock valued at $125,000 after buying an additional 1,430 shares during the period. Bank of America Corp DE increased its stake in CrossAmerica Partners by 226.9% during the 4th quarter. Bank of America Corp DE now owns 8,774 shares of the oil and gas company’s stock valued at $174,000 after buying an additional 6,090 shares during the period. Advisor Group Holdings Inc. grew its stake in shares of CrossAmerica Partners by 37.6% in the 4th quarter. Advisor Group Holdings Inc. now owns 9,371 shares of the oil and gas company’s stock worth $185,000 after purchasing an additional 2,559 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of CrossAmerica Partners in the 3rd quarter worth approximately $205,000. Finally, Private Advisor Group LLC acquired a new position in shares of CrossAmerica Partners in the 1st quarter worth approximately $250,000. 24.06% of the stock is currently owned by institutional investors.

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.