Thrivent Financial for Lutherans Acquires 4,267 Shares of CrossAmerica Partners LP (NYSE:CAPL)

Thrivent Financial for Lutherans grew its holdings in CrossAmerica Partners LP (NYSE:CAPL) by 18.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,021 shares of the oil and gas company’s stock after purchasing an additional 4,267 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.07% of CrossAmerica Partners worth $560,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CAPL. B. Riley Wealth Advisors Inc. bought a new position in shares of CrossAmerica Partners in the 1st quarter valued at about $205,000. IFG Advisory LLC bought a new position in shares of CrossAmerica Partners in the 2nd quarter valued at about $332,000. EverSource Wealth Advisors LLC boosted its stake 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 valued at $51,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of CrossAmerica Partners in the 2nd quarter valued at about $348,000. Institutional investors own 24.06% of the company’s stock.

CrossAmerica Partners Price Performance

CrossAmerica Partners stock opened at $21.35 on Thursday. The company’s 50 day simple moving average is $20.87 and its 200 day simple moving average is $20.32. CrossAmerica Partners LP has a fifty-two week low of $18.43 and a fifty-two week high of $24.19. The firm has a market capitalization of $812.30 million, a price-to-earnings ratio of 41.56 and a beta of 1.48.

CrossAmerica Partners (NYSE:CAPL) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. CrossAmerica Partners had a net margin of 0.50% and a negative return on equity of 104.40%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm earned $0.31 EPS. As a group, analysts predict that CrossAmerica Partners LP will post 0.42 EPS for the current fiscal year.

CrossAmerica Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Monday, November 4th were issued a dividend of $0.525 per share. The ex-dividend date was Monday, November 4th. This represents a $2.10 annualized dividend and a yield of 9.84%. CrossAmerica Partners’s dividend payout ratio (DPR) is currently 403.85%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 15th.

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.