CrossAmerica Partners LP (NYSE:CAPL) Short Interest Up 8.9% in December

CrossAmerica Partners LP (NYSE:CAPL) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 131,500 shares, a growth of 8.9% from the December 15th total of 120,700 shares. Based on an average trading volume of 32,600 shares, the short-interest ratio is currently 4.0 days. Currently, 0.7% of the company’s shares are sold short.

CrossAmerica Partners Trading Down 0.6 %

Shares of CrossAmerica Partners stock opened at $22.68 on Monday. CrossAmerica Partners has a 12 month low of $18.43 and a 12 month high of $24.19. The company has a market capitalization of $862.78 million, a PE ratio of 43.61 and a beta of 1.46. The stock’s fifty day simple moving average is $21.36 and its 200 day simple moving average is $20.74.

CrossAmerica Partners (NYSE:CAPL) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported $0.27 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the business posted $0.31 EPS. Analysts predict that CrossAmerica Partners will post 0.42 EPS for the current fiscal year.

CrossAmerica Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Monday, November 4th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 9.26%. The ex-dividend date was Monday, November 4th. CrossAmerica Partners’s dividend payout ratio is 403.85%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On CrossAmerica Partners

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in CrossAmerica Partners by 8.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 361,231 shares of the oil and gas company’s stock valued at $7,485,000 after acquiring an additional 28,991 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of CrossAmerica Partners in the second quarter valued at approximately $348,000. Franklin Resources Inc. bought a new stake in shares of CrossAmerica Partners in the third quarter worth $279,000. Janney Montgomery Scott LLC boosted its holdings in CrossAmerica Partners by 27.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 28,951 shares of the oil and gas company’s stock worth $637,000 after purchasing an additional 6,259 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in CrossAmerica Partners by 18.8% in the third 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 in the last quarter. 24.06% of the stock is owned by institutional investors.

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.