CrossAmerica Partners (NYSE:CAPL) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

CrossAmerica Partners LP (NYSE:CAPL) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $21.29 and traded as high as $22.23. CrossAmerica Partners shares last traded at $21.9650, with a volume of 21,909 shares.

Analyst Upgrades and Downgrades

CAPL has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of CrossAmerica Partners in a research report on Monday, December 29th. Wall Street Zen downgraded CrossAmerica Partners from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

CrossAmerica Partners Trading Down 1.0%

The stock has a market capitalization of $837.31 million, a price-to-earnings ratio of 18.30 and a beta of 0.37. The firm’s fifty day moving average price is $21.29 and its 200 day moving average price is $20.92.

CrossAmerica Partners (NYSE:CAPL) last announced its earnings results on Wednesday, November 5th. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. CrossAmerica Partners had a negative return on equity of 23.68% and a net margin of 1.30%.The company had revenue of $971.85 million for the quarter, compared to analyst estimates of $780.93 million. On average, analysts forecast that CrossAmerica Partners LP will post 0.42 earnings per share for the current fiscal year.

CrossAmerica Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 12th. Stockholders of record on Monday, February 2nd will be paid a $0.525 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $2.10 annualized dividend and a dividend yield of 9.6%. CrossAmerica Partners’s dividend payout ratio (DPR) is presently 175.00%.

Institutional Investors Weigh In On CrossAmerica Partners

Several large investors have recently added to or reduced their stakes in the business. Eastern Bank purchased a new position in CrossAmerica Partners in the 3rd quarter valued at approximately $26,000. CWM LLC raised its stake in shares of CrossAmerica Partners by 35.5% in the fourth quarter. CWM LLC now owns 3,387 shares of the oil and gas company’s stock valued at $70,000 after acquiring an additional 887 shares in the last quarter. Outlook Wealth Advisors LLC boosted its holdings in CrossAmerica Partners by 5.1% in the third quarter. Outlook Wealth Advisors LLC now owns 12,300 shares of the oil and gas company’s stock valued at $259,000 after purchasing an additional 600 shares during the period. Osaic Holdings Inc. boosted its holdings in CrossAmerica Partners by 36.3% in the second quarter. Osaic Holdings Inc. now owns 14,301 shares of the oil and gas company’s stock valued at $299,000 after purchasing an additional 3,812 shares during the period. Finally, Truist Financial Corp acquired a new position in CrossAmerica Partners during the 3rd quarter worth $305,000. 24.06% of the stock is owned by hedge funds and other institutional investors.

About CrossAmerica Partners

CrossAmerica Partners LP (NYSE:CAPL) is a publicly traded master limited partnership engaged in the wholesale distribution of motor fuels across the United States. The company procures, transports and stores refined petroleum products including gasoline, diesel fuel, kerosene, heating oil and select renewable fuel blends. Through its integrated network of pipelines, terminals and truck fleets, CrossAmerica Partners supplies fuel to a broad base of customers, including convenience stores, supermarket chains, travel centers and independent marketers.

Formed in 2014 as a spin-off of Sunoco’s wholesale fuel business, CrossAmerica Partners acquired refined petroleum distribution assets and entered into long-term supply agreements designed to deliver stable, fee-based revenues.