CrossAmerica Partners (NYSE:CAPL) Upgraded to “Strong-Buy” at StockNews.com

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

CrossAmerica Partners Price Performance

Shares of CAPL stock opened at $23.62 on Monday. The company has a market capitalization of $898.98 million, a price-to-earnings ratio of 45.42 and a beta of 1.48. CrossAmerica Partners has a one year low of $18.43 and a one year high of $23.97. The company’s fifty day moving average price is $22.90 and its 200-day moving average price is $21.75.

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

Institutional Trading of CrossAmerica Partners

Hedge funds have recently bought and sold shares of the stock. Allworth Financial LP purchased a new stake in CrossAmerica Partners in the 4th quarter worth $44,000. EverSource Wealth Advisors LLC lifted its stake in CrossAmerica Partners by 47.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,731 shares of the oil and gas company’s stock worth $82,000 after purchasing an additional 1,200 shares in the last quarter. Sonora Investment Management Group LLC bought a new stake in shares of CrossAmerica Partners in the 4th quarter worth about $224,000. Franklin Resources Inc. bought a new stake in shares of CrossAmerica Partners in the 3rd quarter worth about $279,000. Finally, Sanctuary Advisors LLC increased its holdings in shares of CrossAmerica Partners by 5.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 18,554 shares of the oil and gas company’s stock worth $377,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other 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.