CrossAmerica Partners (NYSE:CAPL) Rating Increased to Strong-Buy at StockNews.com

CrossAmerica Partners (NYSE:CAPL) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

CrossAmerica Partners Stock Performance

Shares of CAPL opened at $21.97 on Friday. The firm has a market capitalization of $835.45 million, a PE ratio of 36.02 and a beta of 1.51. The stock has a 50 day simple moving average of $20.38 and a 200 day simple moving average of $20.69. CrossAmerica Partners has a 52-week low of $18.43 and a 52-week high of $24.19.

CrossAmerica Partners (NYSE:CAPL) last issued its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.10. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.27 billion. CrossAmerica Partners had a net margin of 0.51% and a negative return on equity of 314.20%. Equities research analysts predict that CrossAmerica Partners will post 0.46 EPS for the current fiscal year.

Institutional Trading of CrossAmerica Partners

A number of institutional investors have recently made changes to their positions in CAPL. Sanctuary Advisors LLC bought a new stake in CrossAmerica Partners during the 2nd quarter worth about $348,000. IFG Advisory LLC acquired a new position in CrossAmerica Partners during the second quarter valued at approximately $332,000. GSA Capital Partners LLP grew its stake in CrossAmerica Partners by 79.7% in the first quarter. GSA Capital Partners LLP now owns 36,412 shares of the oil and gas company’s stock valued at $830,000 after purchasing an additional 16,153 shares in the last quarter. SpiderRock Advisors LLC acquired a new position in shares of CrossAmerica Partners during the 1st quarter worth approximately $325,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of CrossAmerica Partners during the 1st quarter worth approximately $205,000. Institutional investors own 24.06% of the company’s stock.

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.