Thrivent Financial for Lutherans Buys 1,747 Shares of CrossAmerica Partners LP (NYSE:CAPL)

Thrivent Financial for Lutherans boosted its stake in shares of CrossAmerica Partners LP (NYSE:CAPL) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 28,768 shares of the oil and gas company’s stock after buying an additional 1,747 shares during the period. Thrivent Financial for Lutherans’ holdings in CrossAmerica Partners were worth $633,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Quadrant Private Wealth Management LLC boosted its stake in CrossAmerica Partners by 0.5% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 164,543 shares of the oil and gas company’s stock valued at $3,620,000 after buying an additional 775 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of CrossAmerica Partners by 5.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 18,554 shares of the oil and gas company’s stock worth $377,000 after acquiring an additional 1,000 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of CrossAmerica Partners by 47.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,731 shares of the oil and gas company’s stock valued at $82,000 after acquiring an additional 1,200 shares during the last quarter. Allworth Financial LP purchased a new position in shares of CrossAmerica Partners in the fourth quarter valued at $44,000. Finally, Janney Montgomery Scott LLC increased its position in CrossAmerica Partners by 27.6% in 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. 24.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 24th.

CrossAmerica Partners Price Performance

Shares of CAPL stock opened at $25.05 on Thursday. The company has a market cap of $953.40 million, a PE ratio of 48.17 and a beta of 1.48. CrossAmerica Partners LP has a 1 year low of $18.43 and a 1 year high of $25.73. The stock’s 50 day simple moving average is $23.20 and its two-hundred day simple moving average is $21.96.

CrossAmerica Partners (NYSE:CAPL) last released its quarterly earnings results on Wednesday, February 26th. The oil and gas company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.38. The firm had revenue of $944.22 million during the quarter, compared to analysts’ expectations 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 LP will post 0.42 EPS for the current year.

CrossAmerica Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 3rd were paid a $0.525 dividend. The ex-dividend date was Monday, February 3rd. This represents a $2.10 dividend on an annualized basis and a yield of 8.38%. CrossAmerica Partners’s dividend payout ratio is currently 403.85%.

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.