Janney Montgomery Scott LLC Purchases 6,259 Shares of CrossAmerica Partners LP (NYSE:CAPL)

Janney Montgomery Scott LLC lifted its holdings in CrossAmerica Partners LP (NYSE:CAPL) by 27.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,951 shares of the oil and gas company’s stock after purchasing an additional 6,259 shares during the period. Janney Montgomery Scott LLC owned about 0.08% of CrossAmerica Partners worth $637,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CAPL. JPMorgan Chase & Co. raised its position in CrossAmerica Partners by 8.7% in the third quarter. JPMorgan Chase & Co. now owns 361,231 shares of the oil and gas company’s stock worth $7,485,000 after acquiring an additional 28,991 shares during the period. Franklin Resources Inc. purchased a new stake in CrossAmerica Partners in the third quarter worth about $279,000. Sanctuary Advisors LLC raised its stake in shares of CrossAmerica Partners by 5.7% in the third quarter. Sanctuary Advisors LLC now owns 18,554 shares of the oil and gas company’s stock worth $377,000 after buying an additional 1,000 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in CrossAmerica Partners by 18.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 27,021 shares of the oil and gas company’s stock worth $560,000 after acquiring an additional 4,267 shares during the period. Institutional investors own 24.06% of the company’s stock.

Wall Street Analyst Weigh In

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

CrossAmerica Partners Trading Up 0.3 %

Shares of CAPL opened at $22.46 on Friday. The business’s 50 day moving average is $22.06 and its 200 day moving average is $21.02. CrossAmerica Partners LP has a 12-month low of $18.43 and a 12-month high of $23.60. The company has a market capitalization of $854.41 million, a PE ratio of 43.18 and a beta of 1.47.

CrossAmerica Partners (NYSE:CAPL) last issued its earnings results on Wednesday, November 6th. The oil and gas company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.31 earnings per share. Equities research analysts predict that CrossAmerica Partners LP will post 0.42 earnings per share for the current year.

CrossAmerica Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd will be issued a $0.525 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $2.10 annualized dividend and a dividend yield of 9.35%. CrossAmerica Partners’s dividend payout ratio (DPR) is 403.85%.

CrossAmerica Partners 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.