CrossAmerica Partners LP (NYSE:CAPL) Short Interest Update

CrossAmerica Partners LP (NYSE:CAPL) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 131,500 shares, an increase of 8.9% from the December 31st total of 120,700 shares. Based on an average trading volume of 32,600 shares, the days-to-cover ratio is presently 4.0 days. Approximately 0.7% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

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

CrossAmerica Partners Stock Performance

Shares of CAPL stock opened at $22.21 on Tuesday. The firm has a market cap of $845.13 million, a price-to-earnings ratio of 42.71 and a beta of 1.47. CrossAmerica Partners has a 52 week low of $18.43 and a 52 week high of $23.60. The firm’s 50-day simple moving average is $21.89 and its two-hundred day simple moving average is $20.96.

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

CrossAmerica Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 9.45%. The ex-dividend date is Monday, February 3rd. CrossAmerica Partners’s payout ratio is currently 403.85%.

Institutional Trading of CrossAmerica Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of CrossAmerica Partners by 8.7% during the third quarter. JPMorgan Chase & Co. now owns 361,231 shares of the oil and gas company’s stock valued at $7,485,000 after acquiring an additional 28,991 shares during the period. Franklin Resources Inc. bought a new stake in shares of CrossAmerica Partners during the third quarter valued at approximately $279,000. Sanctuary Advisors LLC increased its holdings 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 acquiring an additional 1,000 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in 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. Finally, Allworth Financial LP acquired a new position in CrossAmerica Partners in the fourth quarter valued at about $44,000. Hedge funds and other institutional investors own 24.06% of the company’s stock.

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.