CrossAmerica Partners LP (NYSE:CAPL) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. increased its stake in CrossAmerica Partners LP (NYSE:CAPLGet Rating) by 0.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 173,710 shares of the oil and gas company’s stock after acquiring an additional 1,173 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.46% of CrossAmerica Partners worth $3,247,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CAPL. Private Advisor Group LLC purchased a new position in shares of CrossAmerica Partners during the first quarter valued at $250,000. First Trust Advisors LP grew its holdings in shares of CrossAmerica Partners by 9.1% during the first quarter. First Trust Advisors LP now owns 210,816 shares of the oil and gas company’s stock valued at $4,598,000 after buying an additional 17,620 shares in the last quarter. UBS Group AG grew its holdings in shares of CrossAmerica Partners by 33.0% during the first 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 in the last quarter. Vident Investment Advisory LLC grew its holdings in shares of CrossAmerica Partners by 7.6% during the first quarter. Vident Investment Advisory LLC now owns 15,611 shares of the oil and gas company’s stock valued at $340,000 after buying an additional 1,098 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of CrossAmerica Partners by 28.0% during the first quarter. Goldman Sachs Group Inc. now owns 313,052 shares of the oil and gas company’s stock valued at $6,827,000 after buying an additional 68,459 shares in the last quarter. 23.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CrossAmerica Partners

In other news, Director Joseph V. Jr. Topper acquired 7,037 shares of CrossAmerica Partners stock in a transaction that occurred on Friday, November 4th. The stock was purchased at an average price of $18.46 per share, with a total value of $129,903.02. Following the completion of the transaction, the director now owns 192,451 shares in the company, valued at $3,552,645.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 52.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded CrossAmerica Partners from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 19th.

CrossAmerica Partners Price Performance

CAPL opened at $20.96 on Friday. The stock has a market cap of $795.01 million, a price-to-earnings ratio of 13.88 and a beta of 1.68. CrossAmerica Partners LP has a 1 year low of $18.32 and a 1 year high of $23.29. The company has a current ratio of 0.70, a quick ratio of 0.43 and a debt-to-equity ratio of 9.10. The stock has a fifty day moving average price of $20.18 and a 200 day moving average price of $20.21.

CrossAmerica Partners (NYSE:CAPLGet Rating) last released its quarterly earnings data on Monday, November 7th. The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.40. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $779.50 million. CrossAmerica Partners had a return on equity of 97.53% and a net margin of 1.17%. Analysts forecast that CrossAmerica Partners LP will post 1.37 EPS for the current fiscal year.

CrossAmerica Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Thursday, November 3rd were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Wednesday, November 2nd. This represents a $2.10 dividend on an annualized basis and a yield of 10.02%. CrossAmerica Partners’s payout ratio is 139.07%.

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.

Further Reading

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

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