CrossAmerica Partners (NYSE:CAPL) Sets New 52-Week High – Should You Buy?

CrossAmerica Partners LP (NYSE:CAPL)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $24.00 and last traded at $23.93, with a volume of 3916 shares trading hands. The stock had previously closed at $23.89.

Wall Street Analysts Forecast Growth

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

CrossAmerica Partners Stock Up 0.6 %

The stock has a market capitalization of $914.96 million, a price-to-earnings ratio of 46.23 and a beta of 1.48. The stock’s 50-day simple moving average is $22.95 and its 200 day simple moving average is $21.80.

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

CrossAmerica Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.74%. CrossAmerica Partners’s dividend payout ratio (DPR) is presently 403.85%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP acquired a new stake in CrossAmerica Partners in the 4th quarter valued at about $44,000. EverSource Wealth Advisors LLC increased its holdings in shares of CrossAmerica Partners by 47.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,731 shares of the oil and gas company’s stock valued at $82,000 after purchasing an additional 1,200 shares in the last quarter. Sonora Investment Management Group LLC bought a new position in CrossAmerica Partners in the 4th quarter worth approximately $224,000. Franklin Resources Inc. acquired a new position in CrossAmerica Partners during the 3rd quarter worth $279,000. Finally, Sanctuary Advisors LLC boosted its position in CrossAmerica Partners by 5.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 18,554 shares of the oil and gas company’s stock valued at $377,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 24.06% of the company’s stock.

About CrossAmerica Partners

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.