Raymond James Financial Inc. Has $7.10 Million Holdings in CrossAmerica Partners LP $CAPL

Raymond James Financial Inc. raised its holdings in CrossAmerica Partners LP (NYSE:CAPL) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 288,932 shares of the oil and gas company’s stock after acquiring an additional 5,060 shares during the period. Raymond James Financial Inc. owned about 0.76% of CrossAmerica Partners worth $7,099,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CAPL. Cambridge Investment Research Advisors Inc. boosted its stake in shares of 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 valued at $752,000 after purchasing an additional 10,269 shares in the last quarter. Private Advisor Group LLC acquired a new stake in CrossAmerica Partners in the first quarter valued at approximately $205,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of CrossAmerica Partners by 5.3% during the fourth 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 buying an additional 28,758 shares during the last quarter. Kestra Private Wealth Services LLC bought a new stake in shares of CrossAmerica Partners during the first quarter worth $388,000. Finally, Stifel Financial Corp increased its holdings in shares of CrossAmerica Partners by 5.8% during the fourth quarter. Stifel Financial Corp now owns 44,469 shares of the oil and gas company’s stock worth $978,000 after buying an additional 2,423 shares in the last quarter. Institutional investors own 24.06% of the company’s stock.

Insider Transactions at CrossAmerica Partners

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

CrossAmerica Partners Stock Performance

Shares of NYSE CAPL opened at $20.88 on Wednesday. The firm has a 50 day moving average price of $20.89 and a two-hundred day moving average price of $22.17. The stock has a market cap of $795.90 million, a P/E ratio of 18.48 and a beta of 0.51. CrossAmerica Partners LP has a 52-week low of $19.05 and a 52-week high of $25.73.

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 the consensus estimate of $0.20 by ($0.13). The business had revenue of $961.93 million during the quarter, compared to the consensus estimate of $793.52 million. CrossAmerica Partners had a negative return on equity of 32.78% and a net margin of 1.19%. Analysts predict that CrossAmerica Partners LP will post 0.42 earnings per share for the current fiscal year.

CrossAmerica Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 4th were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.10 annualized dividend and a dividend yield of 10.1%. CrossAmerica Partners’s dividend payout ratio is presently 185.84%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded CrossAmerica Partners from a “hold” rating to a “buy” rating in a research report on Monday, August 25th.

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.