Thrivent Financial for Lutherans Increases Stock Position in CrossAmerica Partners LP (NYSE:CAPL)

Thrivent Financial for Lutherans raised its position in CrossAmerica Partners LP (NYSE:CAPL) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,768 shares of the oil and gas company’s stock after acquiring an additional 1,747 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of CrossAmerica Partners worth $633,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC boosted its stake in shares of CrossAmerica Partners by 5.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 18,554 shares of the oil and gas company’s stock valued at $377,000 after purchasing an additional 1,000 shares in the last quarter. Franklin Resources Inc. purchased a new stake in CrossAmerica Partners in the third quarter worth about $279,000. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 28,991 shares during the period. Janney Montgomery Scott LLC boosted its position in CrossAmerica Partners by 27.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 28,951 shares of the oil and gas company’s stock valued at $637,000 after acquiring an additional 6,259 shares in the last quarter. Finally, Sonora Investment Management Group LLC purchased a new position in shares of CrossAmerica Partners during the 4th quarter worth approximately $224,000. Hedge funds and other institutional investors own 24.06% of the company’s stock.

CrossAmerica Partners Price Performance

CAPL opened at $25.05 on Thursday. The firm has a market cap of $953.40 million, a PE ratio of 48.17 and a beta of 1.48. The stock has a 50-day moving average price of $23.20 and a 200-day moving average price of $21.96. CrossAmerica Partners LP has a 1 year low of $18.43 and a 1 year high of $25.73.

CrossAmerica Partners (NYSE:CAPL) last announced its quarterly earnings data on Wednesday, February 26th. The oil and gas company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.38. CrossAmerica Partners had a net margin of 0.50% and a negative return on equity of 104.40%. The company had revenue of $944.22 million during the quarter, compared to analyst estimates of $1.21 billion. As a group, sell-side analysts anticipate that CrossAmerica Partners LP will post 0.42 EPS for the current year.

CrossAmerica Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 8.38%. The ex-dividend date of this dividend was Monday, February 3rd. CrossAmerica Partners’s dividend payout ratio is currently 403.85%.

Analyst Ratings Changes

Separately, StockNews.com upgraded CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 24th.

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.