Global X Management Co. LLC boosted its holdings in shares of Crossamerica Partners LP (NYSE:CAPL) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 314,216 shares of the oil and gas company’s stock after buying an additional 5,552 shares during the quarter. Global X Management Co. LLC owned approximately 0.92% of Crossamerica Partners worth $7,463,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Kayne Anderson Capital Advisors LP purchased a new position in Crossamerica Partners during the third quarter valued at approximately $272,000. Ameriprise Financial Inc. boosted its stake in Crossamerica Partners by 71.3% in the second quarter. Ameriprise Financial Inc. now owns 17,339 shares of the oil and gas company’s stock valued at $442,000 after acquiring an additional 7,217 shares in the last quarter. Royal Bank of Canada boosted its stake in Crossamerica Partners by 17.1% in the second quarter. Royal Bank of Canada now owns 21,216 shares of the oil and gas company’s stock valued at $541,000 after acquiring an additional 3,098 shares in the last quarter. Neuberger Berman Group LLC acquired a new stake in Crossamerica Partners in the third quarter valued at approximately $602,000. Finally, Quadrant Private Wealth Management LLC acquired a new stake in Crossamerica Partners in the fourth quarter valued at approximately $1,403,000. 34.63% of the stock is currently owned by institutional investors.
Shares of Crossamerica Partners LP (CAPL) opened at $23.27 on Friday. The firm has a market cap of $790.83, a P/E ratio of -2,327,000.00, a price-to-earnings-growth ratio of 10.52 and a beta of 1.22. Crossamerica Partners LP has a one year low of $21.31 and a one year high of $29.80. The company has a quick ratio of 0.57, a current ratio of 0.70 and a debt-to-equity ratio of 2.69.
The business also recently disclosed a dividend, which was paid on Monday, February 12th. Stockholders of record on Monday, February 5th were paid a dividend of $0.6275 per share. This is an increase from Crossamerica Partners’s previous dividend of $0.51. This represents a dividend yield of 0.0261785565289946%. The ex-dividend date was Friday, February 2nd. Crossamerica Partners’s payout ratio is presently -25,100,000.00%.
Several equities research analysts have weighed in on the stock. B. Riley set a $30.00 target price on shares of Crossamerica Partners and gave the company a “buy” rating in a research note on Monday, December 18th. ValuEngine upgraded shares of Crossamerica Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Zacks Investment Research upgraded shares of Crossamerica Partners from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday, January 9th. BidaskClub downgraded shares of Crossamerica Partners from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 25th. Finally, Royal Bank of Canada lowered their target price on shares of Crossamerica Partners from $30.00 to $28.00 and set a “sector perform” rating for the company in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.00.
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Crossamerica Partners Profile
CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Company operates in two segments: wholesale and retail. The wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC (DMS), CST Brands, Inc and subsidiaries (CST) and company operated retail sites.
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