Shares of Crossamerica Partners LP (NYSE:CAPL) have earned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $20.25.

CAPL has been the topic of a number of research reports. Zacks Investment Research lowered shares of Crossamerica Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 30th. ValuEngine lowered shares of Crossamerica Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Finally, Raymond James set a $19.00 target price on shares of Crossamerica Partners and gave the company a “buy” rating in a research note on Wednesday, May 8th.

Shares of CAPL traded down $0.17 on Wednesday, reaching $15.30. The company’s stock had a trading volume of 33,893 shares, compared to its average volume of 101,359. The company has a debt-to-equity ratio of 5.29, a current ratio of 0.52 and a quick ratio of 0.39. Crossamerica Partners has a twelve month low of $13.00 and a twelve month high of $19.20. The firm has a market capitalization of $525.96 million, a PE ratio of 139.09, a P/E/G ratio of 5.48 and a beta of 1.45.

Crossamerica Partners (NYSE:CAPL) last posted its quarterly earnings data on Monday, February 25th. The oil and gas company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.07. The firm had revenue of $547.24 million during the quarter, compared to analyst estimates of $663.00 million. Crossamerica Partners had a net margin of 0.25% and a return on equity of 11.35%. As a group, analysts expect that Crossamerica Partners will post 0.68 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Monday, May 6th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 13.73%. The ex-dividend date was Friday, May 3rd. Crossamerica Partners’s payout ratio is 1,909.09%.

In other Crossamerica Partners news, Director Joseph V. Jr. Topper acquired 22,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average price of $17.70 per share, with a total value of $389,400.00. Following the completion of the purchase, the director now directly owns 195,295 shares of the company’s stock, valued at approximately $3,456,721.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph V. Jr. Topper acquired 23,100 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average cost of $17.28 per share, for a total transaction of $399,168.00. Following the purchase, the director now directly owns 195,295 shares of the company’s stock, valued at $3,374,697.60. The disclosure for this purchase can be found here.

Large investors have recently bought and sold shares of the stock. OLD Second National Bank of Aurora purchased a new position in shares of Crossamerica Partners in the 1st quarter valued at approximately $25,000. Acadian Asset Management LLC purchased a new position in Crossamerica Partners in the 4th quarter worth $141,000. Essex Financial Services Inc. purchased a new position in Crossamerica Partners in the 4th quarter worth $142,000. Tortoise Index Solutions LLC raised its position in Crossamerica Partners by 100.7% in the 4th quarter. Tortoise Index Solutions LLC now owns 10,294 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 5,164 shares during the period. Finally, Strategic Wealth Advisors Group LLC purchased a new position in Crossamerica Partners in the 4th quarter worth $226,000. 34.20% 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, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company 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.

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