CrossAmerica Partners (NYSE:CAPL)’s share price reached a new 52-week high and low during mid-day trading on Friday . The stock traded as low as $17.05 and last traded at $17.05, with a volume of 600 shares trading hands. The stock had previously closed at $17.52.

Several research firms have recently issued reports on CAPL. B. Riley dropped their price target on shares of CrossAmerica Partners from $29.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, May 22nd. Zacks Investment Research raised shares of CrossAmerica Partners from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. ValuEngine downgraded shares of CrossAmerica Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 8th. Stephens reissued a “hold” rating and set a $23.00 target price on shares of CrossAmerica Partners in a research note on Tuesday, April 17th. Finally, Jefferies Group reissued a “buy” rating and set a $28.00 target price on shares of CrossAmerica Partners in a research note on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. CrossAmerica Partners presently has a consensus rating of “Hold” and an average price target of $27.29.

The company has a market capitalization of $595.41 million, a price-to-earnings ratio of 108.56, a price-to-earnings-growth ratio of 12.23 and a beta of 1.20. The company has a debt-to-equity ratio of 3.54, a quick ratio of 0.65 and a current ratio of 0.81.

CrossAmerica Partners (NYSE:CAPL) last announced its earnings results on Monday, February 26th. The oil and gas company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. CrossAmerica Partners had a net margin of 0.84% and a return on equity of 4.73%. The business had revenue of $552.66 million during the quarter, compared to the consensus estimate of $572.48 million. equities analysts anticipate that CrossAmerica Partners will post 0.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 25th. Investors of record on Friday, May 18th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 12.09%. The ex-dividend date was Thursday, May 17th. CrossAmerica Partners’s dividend payout ratio is presently -2,625.00%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. LPL Financial LLC bought a new position in CrossAmerica Partners during the first quarter worth $206,000. UBS Group AG raised its stake in CrossAmerica Partners by 8.7% during the first quarter. UBS Group AG now owns 66,620 shares of the oil and gas company’s stock worth $1,370,000 after buying an additional 5,313 shares during the last quarter. BB&T Securities LLC bought a new position in CrossAmerica Partners during the first quarter worth $325,000. Quadrant Private Wealth Management LLC grew its holdings in CrossAmerica Partners by 7.5% in the first quarter. Quadrant Private Wealth Management LLC now owns 63,478 shares of the oil and gas company’s stock worth $1,305,000 after purchasing an additional 4,414 shares during the period. Finally, OppenheimerFunds Inc. grew its holdings in CrossAmerica Partners by 10.8% in the first quarter. OppenheimerFunds Inc. now owns 3,783,442 shares of the oil and gas company’s stock worth $77,788,000 after purchasing an additional 367,320 shares during the period. 33.06% 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, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company 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, operators of retail motor fuel stations, Circle K Stores Inc, and company operated retail sites.

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