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

CrossAmerica Partners LP (NYSE:CAPL) shares 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.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CAPL shares. Weiss Ratings reissued a “hold (c-)” rating on shares of CrossAmerica Partners in a research note on Friday, May 29th. Wall Street Zen raised shares of CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Zacks Research raised shares of CrossAmerica Partners from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, CrossAmerica Partners presently has an average rating of “Buy”.

CrossAmerica Partners Stock Up 1.5%

The stock has a market cap of $842.48 million, a price-to-earnings ratio of 14.83 and a beta of 0.29. The stock’s fifty day moving average is $21.61 and its 200-day moving average is $21.46.

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

CrossAmerica Partners Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its holdings 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 valued at $44,000 after buying an additional 600 shares during the period. Sei Investments Co. acquired a new position in shares of CrossAmerica Partners in the first quarter valued at approximately $278,000. First Trust Advisors LP boosted its holdings in shares of CrossAmerica Partners by 5.9% in the first quarter. First Trust Advisors LP now owns 190,006 shares of the oil and gas company’s stock valued at $3,948,000 after buying an additional 10,640 shares during the period. NewEdge Wealth LLC boosted its holdings in shares of CrossAmerica Partners by 1.3% in the first quarter. NewEdge Wealth LLC now owns 93,975 shares of the oil and gas company’s stock valued at $1,953,000 after buying an additional 1,213 shares during the period. Finally, North Star Investment Management Corp. acquired a new position in shares of CrossAmerica Partners in the first quarter valued at approximately $105,000. Institutional investors and hedge funds own 24.06% of the company’s stock.

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.