Sanctuary Advisors LLC Has $377,000 Position in CrossAmerica Partners LP (NYSE:CAPL)

Sanctuary Advisors LLC raised its stake in shares of CrossAmerica Partners LP (NYSE:CAPL) by 5.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,554 shares of the oil and gas company’s stock after buying an additional 1,000 shares during the period. Sanctuary Advisors LLC’s holdings in CrossAmerica Partners were worth $377,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Thrivent Financial for Lutherans lifted its stake in shares of CrossAmerica Partners by 18.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 27,021 shares of the oil and gas company’s stock valued at $560,000 after purchasing an additional 4,267 shares during the last quarter. IFG Advisory LLC acquired a new stake in shares of CrossAmerica Partners in the 2nd quarter valued at $332,000. Finally, EverSource Wealth Advisors LLC lifted 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. Institutional investors and hedge funds own 24.06% of the company’s stock.

CrossAmerica Partners Price Performance

Shares of CAPL opened at $21.82 on Friday. The company has a market capitalization of $830.19 million, a PE ratio of 41.96 and a beta of 1.48. CrossAmerica Partners LP has a one year low of $18.43 and a one year high of $24.19. The company’s fifty day moving average price is $20.97 and its 200 day moving average price is $20.51.

CrossAmerica Partners (NYSE:CAPL) last announced its earnings results on Wednesday, November 6th. The oil and gas company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.28 billion. CrossAmerica Partners had a net margin of 0.50% and a negative return on equity of 104.40%. During the same quarter last year, the firm posted $0.31 EPS. Analysts anticipate that CrossAmerica Partners LP will post 0.42 earnings per share for the current year.

CrossAmerica Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Monday, November 4th were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.10 annualized dividend and a yield of 9.62%. CrossAmerica Partners’s dividend payout ratio (DPR) is presently 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.

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.