CrossAmerica Partners LP (NYSE:CAPL) Position Decreased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of CrossAmerica Partners LP (NYSE:CAPLGet Rating) by 7.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 639,918 shares of the oil and gas company’s stock after selling 49,594 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 1.69% of CrossAmerica Partners worth $13,957,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Eaton Vance Management boosted its position in shares of CrossAmerica Partners by 33.3% during the 4th quarter. Eaton Vance Management now owns 20,000 shares of the oil and gas company’s stock valued at $381,000 after purchasing an additional 5,000 shares in the last quarter. American Financial Group Inc. boosted its holdings in shares of CrossAmerica Partners by 10.0% in the first quarter. American Financial Group Inc. now owns 11,000 shares of the oil and gas company’s stock worth $240,000 after buying an additional 1,000 shares during the period. Hexagon Capital Partners LLC acquired a new position in shares of CrossAmerica Partners in the first quarter worth about $83,000. Philadelphia Trust Co. boosted its holdings in shares of CrossAmerica Partners by 10.0% in the first quarter. Philadelphia Trust Co. now owns 11,000 shares of the oil and gas company’s stock worth $240,000 after buying an additional 1,000 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of CrossAmerica Partners by 9.1% in the first quarter. First Trust Advisors LP now owns 210,816 shares of the oil and gas company’s stock worth $4,598,000 after buying an additional 17,620 shares during the period. Institutional investors own 23.49% of the company’s stock.

CrossAmerica Partners Stock Performance

Shares of CAPL opened at $20.23 on Monday. CrossAmerica Partners LP has a one year low of $18.84 and a one year high of $23.29. The company has a 50-day moving average of $20.85 and a two-hundred day moving average of $20.92. The stock has a market cap of $767.30 million, a price-to-earnings ratio of 19.64 and a beta of 1.79. The company has a debt-to-equity ratio of 17.10, a current ratio of 0.76 and a quick ratio of 0.44.

CrossAmerica Partners (NYSE:CAPLGet Rating) last announced its earnings results on Monday, August 8th. The oil and gas company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $662.29 million. CrossAmerica Partners had a net margin of 0.85% and a return on equity of 73.25%. On average, equities research analysts expect that CrossAmerica Partners LP will post 1.03 earnings per share for the current year.

CrossAmerica Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 10th. Stockholders of record on Wednesday, August 3rd were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 10.38%. The ex-dividend date of this dividend was Tuesday, August 2nd. CrossAmerica Partners’s dividend payout ratio (DPR) is 203.89%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of CrossAmerica Partners from a “hold” rating to a “buy” rating in a report on Wednesday, September 14th.

About CrossAmerica Partners

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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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Institutional Ownership by Quarter for CrossAmerica Partners (NYSE:CAPL)

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