CrossAmerica Partners (NYSE:CAPL) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Shares of CrossAmerica Partners LP (NYSE:CAPL) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $21.54 and traded as high as $23.24. CrossAmerica Partners shares last traded at $23.16, with a volume of 29,133 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CAPL shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of CrossAmerica Partners in a research report on Monday, December 29th. Wall Street Zen lowered CrossAmerica Partners from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

CrossAmerica Partners Price Performance

The stock has a market cap of $863.99 million, a price-to-earnings ratio of 18.89 and a beta of 0.37. The stock’s 50 day simple moving average is $21.58 and its two-hundred day simple moving average is $20.94.

CrossAmerica Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 2nd were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 9.3%. CrossAmerica Partners’s dividend payout ratio (DPR) is currently 175.00%.

Institutional Investors Weigh In On CrossAmerica Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Eastern Bank acquired a new position in CrossAmerica Partners in the 3rd quarter worth $26,000. CWM LLC raised its position in CrossAmerica Partners by 35.5% in the 4th quarter. CWM LLC now owns 3,387 shares of the oil and gas company’s stock valued at $70,000 after buying an additional 887 shares during the last quarter. Wells Fargo & Company MN lifted its stake in CrossAmerica Partners by 43.3% in the 4th quarter. Wells Fargo & Company MN now owns 6,190 shares of the oil and gas company’s stock valued at $128,000 after acquiring an additional 1,869 shares in the last quarter. Royal Bank of Canada lifted its stake in CrossAmerica Partners by 48.7% in the 4th quarter. Royal Bank of Canada now owns 7,394 shares of the oil and gas company’s stock valued at $153,000 after acquiring an additional 2,422 shares in the last quarter. Finally, Motiv8 Investments LLC acquired a new position in CrossAmerica Partners during the 4th quarter worth approximately $193,000. 24.06% of the stock is currently owned by institutional investors and hedge funds.

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.