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 stock traded as high as $24.00 and last traded at $23.93, with a volume of 3916 shares changing hands. The stock had previously closed at $23.89.

Analysts Set New Price Targets

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 firm has a market cap of $914.96 million, a P/E ratio of 46.23 and a beta of 1.48. The stock’s 50-day moving average is $22.95 and its 200-day moving average is $21.80.

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

CrossAmerica Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 8.74%. The ex-dividend date of this dividend was Monday, February 3rd. CrossAmerica Partners’s payout ratio is presently 403.85%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Allworth Financial LP bought a new stake in CrossAmerica Partners in the 4th quarter valued at $44,000. EverSource Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 1,200 shares in the last quarter. Sonora Investment Management Group LLC acquired a new position in CrossAmerica Partners in the fourth quarter worth about $224,000. Franklin Resources Inc. bought a new position in CrossAmerica Partners during the third quarter worth about $279,000. Finally, Sanctuary Advisors LLC boosted its holdings in CrossAmerica Partners by 5.7% during the third quarter. Sanctuary Advisors LLC now owns 18,554 shares of the oil and gas company’s stock valued at $377,000 after purchasing an additional 1,000 shares in the last quarter. 24.06% of the stock is currently 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.