CrossAmerica Partners (NYSE:CAPL) Reaches New 1-Year High – Should You Buy?

CrossAmerica Partners LP (NYSE:CAPL) hit a new 52-week high on Tuesday . The company traded as high as $24.97 and last traded at $24.56, with a volume of 60260 shares. The stock had previously closed at $24.33.

Analyst Ratings Changes

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

CrossAmerica Partners Stock Performance

The business has a 50 day moving average price of $23.20 and a 200-day moving average price of $21.96. The company has a market capitalization of $953.40 million, a price-to-earnings ratio of 48.17 and a beta of 1.48.

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

CrossAmerica Partners Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Allworth Financial LP bought a new stake in CrossAmerica Partners during the 4th quarter worth approximately $44,000. EverSource Wealth Advisors LLC boosted its position in shares of CrossAmerica Partners by 47.4% during 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 buying an additional 1,200 shares during the last quarter. Sonora Investment Management Group LLC bought a new stake in CrossAmerica Partners during the fourth quarter worth $224,000. Franklin Resources Inc. purchased a new stake in CrossAmerica Partners in the 3rd quarter valued at $279,000. Finally, Sanctuary Advisors LLC lifted its stake in 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 acquiring an additional 1,000 shares in the last quarter. 24.06% of the stock is owned by institutional investors.

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.