Sanctuary Advisors LLC Has $407,000 Holdings in CrossAmerica Partners LP (NYSE:CAPL)

Sanctuary Advisors LLC cut its stake in CrossAmerica Partners LP (NYSE:CAPL) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,554 shares of the oil and gas company’s stock after selling 1,000 shares during the period. Sanctuary Advisors LLC’s holdings in CrossAmerica Partners were worth $407,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP acquired a new position in CrossAmerica Partners in the 4th quarter worth $44,000. Sonora Investment Management Group LLC acquired a new position in CrossAmerica Partners in the 4th quarter worth $224,000. Franklin Resources Inc. acquired a new position in CrossAmerica Partners in the 3rd quarter worth $279,000. Thrivent Financial for Lutherans boosted its stake in CrossAmerica Partners by 18.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 27,021 shares of the oil and gas company’s stock worth $560,000 after purchasing an additional 4,267 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in CrossAmerica Partners by 27.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 28,951 shares of the oil and gas company’s stock worth $637,000 after purchasing an additional 6,259 shares during the period. 24.06% of the stock is owned by institutional investors and hedge funds.

CrossAmerica Partners Price Performance

CrossAmerica Partners stock opened at $23.79 on Tuesday. The firm has a 50-day moving average of $22.47 and a 200-day moving average of $21.39. CrossAmerica Partners LP has a one year low of $18.43 and a one year high of $23.97. The company has a market cap of $905.14 million, a price-to-earnings ratio of 45.75 and a beta of 1.47.

CrossAmerica Partners (NYSE:CAPL) last posted its quarterly earnings data on Wednesday, February 26th. The oil and gas company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.38. CrossAmerica Partners had a net margin of 0.50% and a negative return on equity of 104.40%. The company had revenue of $944.22 million during the quarter, compared to the consensus estimate of $1.21 billion. As a group, sell-side analysts expect that CrossAmerica Partners LP will post 0.42 earnings per share for the current year.

CrossAmerica Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.83%. CrossAmerica Partners’s dividend payout ratio is 403.85%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of CrossAmerica Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday.

CrossAmerica Partners Company Profile

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.