CrossAmerica Partners LP (NYSE:CAPL) Short Interest Update

CrossAmerica Partners LP (NYSE:CAPL) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 120,700 shares, a growth of 95.0% from the November 30th total of 61,900 shares. Based on an average trading volume of 31,900 shares, the short-interest ratio is currently 3.8 days. Currently, 0.7% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

CrossAmerica Partners Stock Down 0.4 %

Shares of NYSE CAPL traded down $0.08 during midday trading on Friday, hitting $21.82. The stock had a trading volume of 25,311 shares, compared to its average volume of 36,463. CrossAmerica Partners has a 1 year low of $18.43 and a 1 year high of $24.19. The company has a market capitalization of $830.19 million, a PE ratio of 41.96 and a beta of 1.48. The stock has a 50 day simple moving average of $20.97 and a 200-day simple moving average of $20.51.

CrossAmerica Partners (NYSE:CAPL) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. CrossAmerica Partners had a negative return on equity of 104.40% and a net margin of 0.50%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm posted $0.31 EPS. As a group, analysts expect that CrossAmerica Partners will post 0.42 earnings per share for the current fiscal year.

CrossAmerica Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Monday, November 4th were paid a dividend of $0.525 per share. The ex-dividend date was Monday, November 4th. This represents a $2.10 annualized dividend and a yield of 9.62%. CrossAmerica Partners’s dividend payout ratio is presently 403.85%.

Institutional Trading of CrossAmerica Partners

A number of hedge funds have recently bought and sold shares of CAPL. EverSource Wealth Advisors LLC raised its holdings in shares of CrossAmerica Partners by 376.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,531 shares of the oil and gas company’s stock worth $51,000 after acquiring an additional 2,000 shares during the period. Franklin Resources Inc. acquired a new stake in CrossAmerica Partners during the third quarter worth about $279,000. IFG Advisory LLC acquired a new stake in CrossAmerica Partners during the second quarter worth about $332,000. Sanctuary Advisors LLC purchased a new position in CrossAmerica Partners during the second quarter worth about $348,000. Finally, Thrivent Financial for Lutherans boosted its holdings in CrossAmerica Partners by 18.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 27,021 shares of the oil and gas company’s stock valued at $560,000 after purchasing an additional 4,267 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.