Van ECK Associates Corp grew its holdings in shares of Crossamerica Partners LP (NYSE:CAPL) by 10.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 136,332 shares of the oil and gas company’s stock after purchasing an additional 13,373 shares during the period. Van ECK Associates Corp owned 0.40% of Crossamerica Partners worth $2,301,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Western Standard LLC acquired a new stake in shares of Crossamerica Partners during the second quarter worth $2,078,000. Mutual of America Capital Management LLC raised its holdings in shares of Crossamerica Partners by 9.8% during the second quarter. Mutual of America Capital Management LLC now owns 168,097 shares of the oil and gas company’s stock worth $2,837,000 after purchasing an additional 15,005 shares during the period. Quadrant Private Wealth Management LLC raised its holdings in shares of Crossamerica Partners by 9.4% during the second quarter. Quadrant Private Wealth Management LLC now owns 69,474 shares of the oil and gas company’s stock worth $1,173,000 after purchasing an additional 5,996 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Crossamerica Partners during the second quarter worth $5,916,000. Finally, Creative Planning acquired a new stake in shares of Crossamerica Partners during the second quarter worth $238,000. 32.72% of the stock is currently owned by institutional investors.

A number of brokerages have weighed in on CAPL. ValuEngine raised shares of Crossamerica Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 4th. Zacks Investment Research cut shares of Crossamerica Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 10th. B. Riley set a $25.00 price objective on shares of Crossamerica Partners and gave the stock a “buy” rating in a report on Wednesday, August 15th. Finally, Wells Fargo & Co increased their price objective on shares of Crossamerica Partners from $19.00 to $21.00 and gave the stock a “market perform” rating in a report on Tuesday, August 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $25.33.

CAPL stock opened at $18.60 on Friday. The company has a debt-to-equity ratio of 4.15, a quick ratio of 0.61 and a current ratio of 0.77. Crossamerica Partners LP has a fifty-two week low of $15.50 and a fifty-two week high of $28.10. The stock has a market capitalization of $640.12 million, a P/E ratio of -232.50 and a beta of 1.25.

In other news, Director John B. Reilly III acquired 10,695 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were acquired at an average price of $18.20 per share, with a total value of $194,649.00. Following the acquisition, the director now directly owns 199,916 shares in the company, valued at $3,638,471.20. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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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Institutional Ownership by Quarter for Crossamerica Partners (NYSE:CAPL)

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