CrossAmerica Partners LP (NYSE:CAPL) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its holdings in CrossAmerica Partners LP (NYSE:CAPL) by 1.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 356,298 shares of the oil and gas company’s stock after selling 4,933 shares during the period. JPMorgan Chase & Co. owned 0.94% of CrossAmerica Partners worth $7,839,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CAPL. Sanctuary Advisors LLC boosted its position in shares of CrossAmerica Partners by 5.7% in the third quarter. Sanctuary Advisors LLC now owns 18,554 shares of the oil and gas company’s stock worth $377,000 after acquiring an additional 1,000 shares during the last quarter. Franklin Resources Inc. acquired a new position in CrossAmerica Partners during the third quarter worth approximately $279,000. Janney Montgomery Scott LLC raised its stake in CrossAmerica Partners by 27.6% during the fourth 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. Sonora Investment Management Group LLC acquired a new position in shares of CrossAmerica Partners in the 4th quarter valued at $224,000. Finally, Quadrant Private Wealth Management LLC boosted its holdings in shares of CrossAmerica Partners by 0.5% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 164,543 shares of the oil and gas company’s stock valued at $3,620,000 after purchasing an additional 775 shares during the last quarter. 24.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a report on Monday, March 24th.

CrossAmerica Partners Price Performance

NYSE CAPL opened at $23.09 on Thursday. The business’s 50-day simple moving average is $23.15 and its 200-day simple moving average is $22.07. The firm has a market capitalization of $878.81 million, a P/E ratio of 44.40 and a beta of 1.07. CrossAmerica Partners LP has a 1-year low of $18.43 and a 1-year high of $25.73.

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

CrossAmerica Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 9.09%. The ex-dividend date of this dividend was Monday, February 3rd. CrossAmerica Partners’s payout ratio is 403.85%.

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.