CrossAmerica Partners (NYSE:CAPL) Rating Lowered to Buy at StockNews.com

CrossAmerica Partners (NYSE:CAPL) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday.

CrossAmerica Partners Stock Up 0.5 %

CAPL opened at $23.59 on Friday. CrossAmerica Partners has a 52-week low of $18.43 and a 52-week high of $23.97. The company has a 50 day moving average of $22.78 and a two-hundred day moving average of $21.63. The company has a market cap of $897.72 million, a P/E ratio of 45.36 and a beta of 1.48.

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

Institutional Investors Weigh In On CrossAmerica Partners

Large investors have recently added to or reduced their stakes in the company. Quadrant Private Wealth Management LLC boosted its position in CrossAmerica Partners by 0.5% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 164,543 shares of the oil and gas company’s stock valued at $3,620,000 after buying an additional 775 shares during the last quarter. Sanctuary Advisors LLC lifted 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 acquiring an additional 1,000 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in CrossAmerica Partners by 4.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 25,500 shares of the oil and gas company’s stock valued at $561,000 after purchasing an additional 1,000 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in CrossAmerica Partners by 47.4% during the 4th 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. Finally, Thrivent Financial for Lutherans grew its stake in CrossAmerica Partners by 6.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 28,768 shares of the oil and gas company’s stock valued at $633,000 after purchasing an additional 1,747 shares in the last quarter. 24.06% of the stock is owned by institutional investors and hedge funds.

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.