2,000 Shares in CrossAmerica Partners LP (NYSE:CAPL) Bought by Allworth Financial LP

Allworth Financial LP purchased a new position in CrossAmerica Partners LP (NYSE:CAPL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,000 shares of the oil and gas company’s stock, valued at approximately $44,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sonora Investment Management Group LLC bought a new position in shares of CrossAmerica Partners during the 4th quarter valued at about $224,000. Franklin Resources Inc. bought a new stake in shares of CrossAmerica Partners in the third quarter worth about $279,000. Sanctuary Advisors LLC lifted its position 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 in the last quarter. Thrivent Financial for Lutherans boosted its stake in CrossAmerica Partners by 18.8% during the third quarter. Thrivent Financial for Lutherans now owns 27,021 shares of the oil and gas company’s stock valued at $560,000 after buying an additional 4,267 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings 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 buying an additional 6,259 shares in the last quarter. 24.06% of the stock is owned by institutional investors.

CrossAmerica Partners Stock Up 0.0 %

CAPL stock opened at $22.81 on Wednesday. CrossAmerica Partners LP has a 52 week low of $18.43 and a 52 week high of $23.60. The firm has a market capitalization of $867.70 million, a P/E ratio of 43.86 and a beta of 1.47. The company has a fifty day simple moving average of $22.34 and a two-hundred day simple moving average of $21.29.

CrossAmerica Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 3rd were given a $0.525 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.10 annualized dividend and a yield of 9.21%. CrossAmerica Partners’s dividend payout ratio is currently 403.85%.

Analyst Upgrades and Downgrades

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

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.