CrossAmerica Partners (NYSE:CAPL) Upgraded by StockNews.com to Strong-Buy Rating

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

CrossAmerica Partners Stock Up 0.1 %

NYSE:CAPL opened at $23.34 on Friday. CrossAmerica Partners has a 52 week low of $18.43 and a 52 week high of $23.97. The stock has a market capitalization of $888.13 million, a price-to-earnings ratio of 44.88 and a beta of 1.48. The firm has a 50 day moving average of $22.60 and a 200 day moving average of $21.49.

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

Institutional Trading of CrossAmerica Partners

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP acquired a new stake in shares of CrossAmerica Partners in the fourth quarter worth $44,000. EverSource Wealth Advisors LLC grew its position in 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 period. Sonora Investment Management Group LLC acquired a new stake in CrossAmerica Partners during the fourth quarter valued at $224,000. Franklin Resources Inc. acquired a new stake in CrossAmerica Partners during the third quarter valued at $279,000. Finally, Sanctuary Advisors LLC grew its position 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 buying an additional 1,000 shares during the period. Institutional investors and hedge funds 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.