CrossAmerica Partners (NYSE:CAPL) Stock Rating Upgraded by Wall Street Zen

CrossAmerica Partners (NYSE:CAPL) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Monday.

CrossAmerica Partners Trading Up 0.8%

CAPL stock opened at $21.05 on Monday. The firm has a 50 day moving average of $20.96 and a 200-day moving average of $22.24. CrossAmerica Partners has a 12-month low of $19.05 and a 12-month high of $25.73. The company has a market cap of $802.43 million, a price-to-earnings ratio of 18.63 and a beta of 0.55.

CrossAmerica Partners (NYSE:CAPL) last issued its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.13). CrossAmerica Partners had a negative return on equity of 32.78% and a net margin of 1.19%.The business had revenue of $961.93 million for the quarter, compared to analysts’ expectations of $793.52 million. Sell-side analysts forecast that CrossAmerica Partners will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CrossAmerica Partners news, Director John B. Reilly III acquired 2,706 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was acquired at an average cost of $20.01 per share, with a total value of $54,147.06. Following the purchase, the director directly owned 4,967,317 shares in the company, valued at approximately $99,396,013.17. This trade represents a 0.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Joseph V. Jr. Topper acquired 2,706 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were acquired at an average cost of $20.01 per share, with a total value of $54,147.06. Following the completion of the purchase, the director owned 1,857,649 shares in the company, valued at approximately $37,171,556.49. This represents a 0.15% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 52.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CAPL. Cambridge Investment Research Advisors Inc. grew its stake in CrossAmerica Partners by 50.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 30,596 shares of the oil and gas company’s stock worth $752,000 after acquiring an additional 10,269 shares during the period. Private Advisor Group LLC purchased a new stake in CrossAmerica Partners in the 1st quarter worth approximately $205,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in CrossAmerica Partners by 5.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 567,901 shares of the oil and gas company’s stock worth $12,494,000 after acquiring an additional 28,758 shares during the period. Kestra Private Wealth Services LLC purchased a new stake in CrossAmerica Partners in the 1st quarter worth approximately $388,000. Finally, Stifel Financial Corp grew its stake in CrossAmerica Partners by 5.8% in the 4th quarter. Stifel Financial Corp now owns 44,469 shares of the oil and gas company’s stock worth $978,000 after acquiring an additional 2,423 shares during the period. 24.06% of the stock is owned by hedge funds and other institutional investors.

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.