Crossamerica Partners LP (CAPL) Director Purchases $90,100.00 in Stock
Crossamerica Partners LP (NYSE:CAPL) Director Joseph V. Jr. Topper bought 3,400 shares of the business’s stock in a transaction on Friday, September 8th. The stock was acquired at an average cost of $26.50 per share, for a total transaction of $90,100.00. Following the acquisition, the director now directly owns 163,544 shares of the company’s stock, valued at $4,333,916. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Crossamerica Partners LP (NYSE CAPL) opened at 27.00 on Thursday. Crossamerica Partners LP has a one year low of $23.26 and a one year high of $29.80. The firm has a 50-day moving average of $26.78 and a 200-day moving average of $25.68. The company’s market cap is $914.22 million.
Crossamerica Partners (NYSE:CAPL) last issued its earnings results on Monday, August 7th. The oil and gas company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Crossamerica Partners had a negative net margin of 0.76% and a negative return on equity of 10.37%. The business had revenue of $528.79 million for the quarter, compared to analyst estimates of $596.92 million. On average, analysts predict that Crossamerica Partners LP will post ($0.02) EPS for the current year.
Several institutional investors have recently modified their holdings of the company. BB&T Investment Services Inc. acquired a new stake in shares of Crossamerica Partners during the 2nd quarter valued at about $577,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of Crossamerica Partners by 0.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 92,698 shares of the oil and gas company’s stock valued at $2,364,000 after acquiring an additional 303 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Crossamerica Partners by 17.1% during the 2nd quarter. Royal Bank of Canada now owns 21,216 shares of the oil and gas company’s stock valued at $541,000 after acquiring an additional 3,098 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Crossamerica Partners by 2.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,089,908 shares of the oil and gas company’s stock valued at $27,793,000 after acquiring an additional 30,751 shares in the last quarter. Finally, Arrow Investment Advisors LLC acquired a new stake in shares of Crossamerica Partners during the 2nd quarter valued at about $705,000. Institutional investors and hedge funds own 35.05% of the company’s stock.
A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Crossamerica Partners from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub raised shares of Crossamerica Partners from a “hold” rating to a “buy” rating in a report on Wednesday, August 30th. Raymond James Financial, Inc. raised their target price on shares of Crossamerica Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. Finally, Bank of America Corporation cut shares of Crossamerica Partners from a “buy” rating to a “neutral” rating and raised their target price for the stock from $28.00 to $30.00 in a report on Wednesday, July 26th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $30.00.
Crossamerica Partners Company Profile
CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Company operates in two segments: wholesale and retail. The wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC (DMS), CST Brands, Inc and subsidiaries (CST) and company operated retail sites.
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