CrossAmerica Partners (NYSE:CAPL) Downgraded to “Hold” at StockNews.com

StockNews.com lowered shares of CrossAmerica Partners (NYSE:CAPLGet Rating) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

Separately, Zacks Investment Research raised shares of CrossAmerica Partners from a strong sell rating to a hold rating in a research report on Tuesday, May 3rd.

Shares of CAPL stock opened at $19.90 on Tuesday. The company has a market cap of $754.15 million, a price-to-earnings ratio of 34.31 and a beta of 1.89. CrossAmerica Partners has a 52 week low of $17.27 and a 52 week high of $23.29. The company has a quick ratio of 0.37, a current ratio of 0.65 and a debt-to-equity ratio of 14.33. The firm has a 50 day moving average of $21.17 and a 200-day moving average of $20.70.

CrossAmerica Partners (NYSE:CAPLGet Rating) last announced its quarterly earnings data on Monday, May 9th. The oil and gas company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). CrossAmerica Partners had a return on equity of 31.20% and a net margin of 0.60%. During the same quarter last year, the company posted ($0.10) EPS. Analysts anticipate that CrossAmerica Partners will post 0.91 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 11th. Investors of record on Tuesday, May 3rd will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 10.55%. The ex-dividend date is Monday, May 2nd. CrossAmerica Partners’s dividend payout ratio is currently 362.08%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Hexagon Capital Partners LLC bought a new position in shares of CrossAmerica Partners in the 1st quarter worth $83,000. Adirondack Trust Co. bought a new position in shares of CrossAmerica Partners in the 3rd quarter worth $123,000. PNC Financial Services Group Inc. lifted its holdings in shares of CrossAmerica Partners by 47.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,456 shares of the oil and gas company’s stock worth $148,000 after purchasing an additional 2,400 shares in the last quarter. Paradigm Financial Partners LLC bought a new position in shares of CrossAmerica Partners in the 4th quarter worth $222,000. Finally, Philadelphia Trust Co. lifted its holdings in shares of CrossAmerica Partners by 10.0% in the 1st quarter. Philadelphia Trust Co. now owns 11,000 shares of the oil and gas company’s stock worth $240,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 23.87% of the company’s stock.

CrossAmerica Partners Company Profile (Get Rating)

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.

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