Sanctuary Advisors LLC Invests $348,000 in CrossAmerica Partners LP (NYSE:CAPL)

Sanctuary Advisors LLC bought a new stake in shares of CrossAmerica Partners LP (NYSE:CAPL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 17,554 shares of the oil and gas company’s stock, valued at approximately $348,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new position in CrossAmerica Partners during the 1st quarter valued at approximately $31,000. EverSource Wealth Advisors LLC raised its position 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 in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of CrossAmerica Partners in the 1st quarter worth $205,000. American Financial Group Inc. grew its stake in CrossAmerica Partners by 3.7% during the 1st quarter. American Financial Group Inc. now owns 14,000 shares of the oil and gas company’s stock worth $319,000 after buying an additional 500 shares during the last quarter. Finally, SpiderRock Advisors LLC purchased a new position in CrossAmerica Partners during the 1st quarter worth $325,000. Institutional investors own 24.06% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 12th.

CrossAmerica Partners Stock Down 1.0 %

Shares of CAPL stock opened at $21.58 on Friday. The stock has a market cap of $820.62 million, a PE ratio of 35.38 and a beta of 1.51. The business has a 50-day simple moving average of $20.58 and a 200-day simple moving average of $20.69. CrossAmerica Partners LP has a 52-week low of $18.43 and a 52-week high of $24.19.

CrossAmerica Partners (NYSE:CAPL) last issued its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.10. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.27 billion. CrossAmerica Partners had a negative return on equity of 314.20% and a net margin of 0.51%. Sell-side analysts anticipate that CrossAmerica Partners LP will post 0.46 earnings per share for the current fiscal year.

CrossAmerica Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, August 2nd were issued a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $2.10 annualized dividend and a dividend yield of 9.73%. CrossAmerica Partners’s dividend payout ratio (DPR) is presently 344.26%.

CrossAmerica Partners Company Profile

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.