CrossAmerica Partners (NYSE:CAPL) Upgraded at Wall Street Zen

CrossAmerica Partners (NYSE:CAPL) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

CrossAmerica Partners Price Performance

Shares of NYSE:CAPL opened at $20.30 on Friday. The company has a market capitalization of $773.24 million, a price-to-earnings ratio of 17.96 and a beta of 0.55. The business’s 50-day moving average is $21.24 and its 200-day moving average is $22.39. CrossAmerica Partners has a 1 year low of $19.05 and a 1 year high of $25.73.

CrossAmerica Partners (NYSE:CAPL) last announced its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.13). CrossAmerica Partners had a net margin of 1.19% and a negative return on equity of 35.03%. The business had revenue of $961.93 million during the quarter, compared to analyst estimates of $793.52 million. Analysts anticipate that CrossAmerica Partners will post 0.42 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CAPL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of CrossAmerica Partners by 2.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 582,849 shares of the oil and gas company’s stock valued at $14,321,000 after purchasing an additional 14,948 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of CrossAmerica Partners by 1.8% in the first quarter. Raymond James Financial Inc. now owns 288,932 shares of the oil and gas company’s stock valued at $7,099,000 after purchasing an additional 5,060 shares in the last quarter. Quadrant Private Wealth Management LLC lifted its holdings in shares of CrossAmerica Partners by 0.4% in the second quarter. Quadrant Private Wealth Management LLC now owns 165,991 shares of the oil and gas company’s stock valued at $3,473,000 after purchasing an additional 729 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of CrossAmerica Partners by 6.2% in the fourth quarter. LPL Financial LLC now owns 107,405 shares of the oil and gas company’s stock valued at $2,363,000 after purchasing an additional 6,306 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of CrossAmerica Partners by 5.8% in the fourth quarter. Stifel Financial Corp now owns 44,469 shares of the oil and gas company’s stock valued at $978,000 after purchasing an additional 2,423 shares in the last quarter. 24.06% of the stock is owned by institutional investors and hedge funds.

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.