Sanctuary Advisors LLC Sells 1,000 Shares of CrossAmerica Partners LP (NYSE:CAPL)

Sanctuary Advisors LLC trimmed its position in CrossAmerica Partners LP (NYSE:CAPL) by 5.4% during the fourth quarter, Holdings Channel reports. The firm owned 17,554 shares of the oil and gas company’s stock after selling 1,000 shares during the quarter. Sanctuary Advisors LLC’s holdings in CrossAmerica Partners were worth $407,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Quadrant Private Wealth Management LLC raised its holdings in shares of CrossAmerica Partners by 0.5% in the 4th 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 purchasing an additional 775 shares during the period. Allworth Financial LP bought a new position in CrossAmerica Partners in the 4th quarter valued at about $44,000. Thrivent Financial for Lutherans raised its holdings in CrossAmerica Partners by 18.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 27,021 shares of the oil and gas company’s stock valued at $560,000 after acquiring an additional 4,267 shares during the period. Janney Montgomery Scott LLC raised its holdings in CrossAmerica Partners by 27.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 28,951 shares of the oil and gas company’s stock valued at $637,000 after acquiring an additional 6,259 shares during the period. Finally, Sonora Investment Management Group LLC bought a new position in CrossAmerica Partners in the 4th quarter valued at about $224,000. 24.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of CrossAmerica Partners from a “strong-buy” rating to a “buy” rating in a report on Friday.

CrossAmerica Partners Stock Up 2.5 %

CrossAmerica Partners stock opened at $23.79 on Tuesday. The stock has a market cap of $905.14 million, a P/E ratio of 45.75 and a beta of 1.47. CrossAmerica Partners LP has a twelve month low of $18.43 and a twelve month high of $23.97. The company’s 50-day moving average price is $22.47 and its two-hundred day moving average price is $21.39.

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

CrossAmerica Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.525 per share. The ex-dividend date was Monday, February 3rd. This represents a $2.10 annualized dividend and a dividend yield of 8.83%. CrossAmerica Partners’s dividend payout ratio is presently 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.