Raymond James & Associates Raises Stock Position in CrossAmerica Partners LP (NYSE:CAPL)

Raymond James & Associates raised its position in CrossAmerica Partners LP (NYSE:CAPL) by 0.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 87,923 shares of the oil and gas company’s stock after purchasing an additional 774 shares during the period. Raymond James & Associates’ holdings in CrossAmerica Partners were worth $2,005,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of CAPL. Private Advisor Group LLC purchased a new stake in shares of CrossAmerica Partners during the first quarter worth about $250,000. First Trust Advisors LP boosted its position in 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 worth $4,598,000 after acquiring an additional 17,620 shares during the last quarter. UBS Group AG boosted its position in 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 worth $125,000 after acquiring an additional 1,430 shares during the last quarter. Vident Investment Advisory LLC boosted its position in 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 worth $340,000 after acquiring an additional 1,098 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in 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 worth $6,827,000 after acquiring an additional 68,459 shares during the last quarter. Hedge funds and other institutional investors own 24.06% of the company’s stock.

CrossAmerica Partners Stock Performance

CAPL opened at $22.05 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.35 and a debt-to-equity ratio of 250.71. The firm has a market capitalization of $837.46 million, a PE ratio of 21.00 and a beta of 1.53. The firm’s 50-day moving average price is $22.27 and its 200 day moving average price is $22.42. CrossAmerica Partners LP has a twelve month low of $17.91 and a twelve month high of $24.19.

CrossAmerica Partners (NYSE:CAPL) last announced its quarterly earnings results on Monday, February 26th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.20. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrossAmerica Partners had a net margin of 0.93% and a return on equity of 197.82%. As a group, sell-side analysts expect that CrossAmerica Partners LP will post 0.95 EPS for the current fiscal year.

CrossAmerica Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, February 2nd were paid a dividend of $0.525 per share. The ex-dividend date was Thursday, February 1st. This represents a $2.10 annualized dividend and a yield of 9.52%. CrossAmerica Partners’s dividend payout ratio (DPR) is 200.00%.

Wall Street Analyst Weigh In

Separately, TheStreet lowered shares of CrossAmerica Partners from a “b-” rating to a “c+” rating in a research report on Tuesday, February 27th.

About CrossAmerica Partners

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.