CrossAmerica Partners LP (NYSE:CAPL) Short Interest Update

CrossAmerica Partners LP (NYSE:CAPL) saw a significant 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. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 32,600 shares, the short-interest ratio is currently 4.0 days.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quadrant Private Wealth Management LLC raised its stake in CrossAmerica Partners by 0.5% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 164,543 shares of the oil and gas company’s stock worth $3,620,000 after purchasing an additional 775 shares during the period. Sanctuary Advisors LLC raised its stake 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 worth $377,000 after purchasing an additional 1,000 shares during the period. Allworth Financial LP acquired a new stake in shares of CrossAmerica Partners in the fourth quarter worth $44,000. Thrivent Financial for Lutherans increased its position in shares of CrossAmerica Partners by 18.8% in the third quarter. Thrivent Financial for Lutherans now owns 27,021 shares of the oil and gas company’s stock worth $560,000 after acquiring an additional 4,267 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of CrossAmerica Partners by 27.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 28,951 shares of the oil and gas company’s stock worth $637,000 after acquiring an additional 6,259 shares in the last quarter. 24.06% of the stock is currently owned by institutional investors and hedge funds.

CrossAmerica Partners Stock Performance

CAPL stock opened at $22.21 on Tuesday. The firm has a market cap of $845.13 million, a PE ratio of 42.71 and a beta of 1.47. The firm’s 50 day moving average price is $21.89 and its 200-day moving average price is $20.96. CrossAmerica Partners has a one year low of $18.43 and a one year high of $23.60.

CrossAmerica Partners (NYSE:CAPL) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. CrossAmerica Partners had a net margin of 0.50% and a negative return on equity of 104.40%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the company earned $0.31 EPS. Equities research analysts predict that CrossAmerica Partners will post 0.42 EPS for the current fiscal year.

CrossAmerica Partners Dividend Announcement

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

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.