CrossAmerica Partners LP (NYSE:CAPL) Short Interest Update

CrossAmerica Partners LP (NYSE:CAPL) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 76,100 shares, a drop of 17.5% from the August 15th total of 92,200 shares. Based on an average daily volume of 34,800 shares, the short-interest ratio is presently 2.2 days. Currently, 0.4% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of CrossAmerica Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 13th.

Institutional Investors Weigh In On CrossAmerica Partners

Several large investors have recently made changes to their positions in CAPL. American Financial Group Inc. increased its stake in shares of CrossAmerica Partners by 3.7% during the first quarter. American Financial Group Inc. now owns 14,000 shares of the oil and gas company’s stock valued at $319,000 after acquiring an additional 500 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of CrossAmerica Partners by 1.9% in the first quarter. BNP Paribas Financial Markets now owns 30,971 shares of the oil and gas company’s stock valued at $706,000 after buying an additional 565 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of CrossAmerica Partners during the 1st quarter valued at $31,000. Janney Montgomery Scott LLC boosted its stake in shares of CrossAmerica Partners by 10.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 20,607 shares of the oil and gas company’s stock worth $470,000 after acquiring an additional 1,872 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of CrossAmerica Partners by 376.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,531 shares of the oil and gas company’s stock worth $51,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 24.06% of the company’s stock.

CrossAmerica Partners Stock Performance

CAPL traded up $0.10 on Wednesday, hitting $21.31. 9,203 shares of the company’s stock were exchanged, compared to its average volume of 38,063. The firm has a market cap of $810.36 million, a PE ratio of 35.05 and a beta of 1.51. CrossAmerica Partners has a twelve month low of $18.43 and a twelve month high of $24.19. The stock has a fifty day moving average of $19.91 and a two-hundred day moving average of $20.84. The company has a current ratio of 0.76, a quick ratio of 0.37 and a debt-to-equity ratio of 250.71.

CrossAmerica Partners (NYSE:CAPL) last announced its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.06 by $0.10. CrossAmerica Partners had a net margin of 0.51% and a negative return on equity of 314.20%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.27 billion. On average, research analysts anticipate that CrossAmerica Partners will post 0.46 earnings per share for the current fiscal year.

CrossAmerica Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, August 2nd were paid a $0.525 dividend. The ex-dividend date was Friday, August 2nd. This represents a $2.10 annualized dividend and a dividend yield of 9.85%. CrossAmerica Partners’s payout ratio is currently 344.26%.

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.