Shares of CrossAmerica Partners (NYSE:CAPL) have received a consensus recommendation of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $28.00.
CAPL has been the subject of several recent analyst reports. Robert W. Baird cut shares of CrossAmerica Partners from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 28th. Jefferies Group reiterated a “buy” rating and issued a $28.00 price objective on shares of CrossAmerica Partners in a research note on Thursday, March 1st. B. Riley set a $29.00 price objective on shares of CrossAmerica Partners and gave the company a “buy” rating in a research note on Wednesday, March 14th. Zacks Investment Research upgraded shares of CrossAmerica Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. Finally, ValuEngine cut shares of CrossAmerica Partners from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd.
Several hedge funds and other institutional investors have recently made changes to their positions in CAPL. LPL Financial LLC acquired a new stake in shares of CrossAmerica Partners in the first quarter valued at about $206,000. BB&T Securities LLC purchased a new position in CrossAmerica Partners during the 1st quarter valued at about $325,000. Kayne Anderson Capital Advisors LP increased its holdings in CrossAmerica Partners by 50.0% during the 4th quarter. Kayne Anderson Capital Advisors LP now owns 15,000 shares of the oil and gas company’s stock valued at $356,000 after acquiring an additional 5,000 shares in the last quarter. Virtu Financial LLC purchased a new position in CrossAmerica Partners during the 4th quarter valued at about $391,000. Finally, Quadrant Private Wealth Management LLC increased its holdings in CrossAmerica Partners by 7.5% during the 1st quarter. Quadrant Private Wealth Management LLC now owns 63,478 shares of the oil and gas company’s stock valued at $1,305,000 after acquiring an additional 4,414 shares in the last quarter. Hedge funds and other institutional investors own 35.24% of the company’s stock.
CrossAmerica Partners (NYSE:CAPL) last released its earnings results on Monday, February 26th. The oil and gas company reported $0.06 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. CrossAmerica Partners had a net margin of 0.84% and a return on equity of 4.73%. The company had revenue of $552.66 million during the quarter, compared to analysts’ expectations of $572.48 million. equities analysts forecast that CrossAmerica Partners will post 0.24 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, May 18th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 12.12%. The ex-dividend date of this dividend is Thursday, May 17th. CrossAmerica Partners’s dividend payout ratio (DPR) is -3,137.50%.
About CrossAmerica Partners
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, operators of retail motor fuel stations, Circle K Stores Inc, and company operated retail sites.
Receive News & Ratings for CrossAmerica Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CrossAmerica Partners and related companies with MarketBeat.com's FREE daily email newsletter.