Clearbridge Investments LLC Reduces Stake in Crossamerica Partners LP (CAPL)

Clearbridge Investments LLC lowered its position in Crossamerica Partners LP (NYSE:CAPL) by 16.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 555,100 shares of the oil and gas company’s stock after selling 109,450 shares during the period. Clearbridge Investments LLC owned 1.63% of Crossamerica Partners worth $13,184,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Kayne Anderson Capital Advisors LP bought a new position in Crossamerica Partners during the 3rd quarter valued at approximately $272,000. Harvest Fund Advisors LLC increased its position in Crossamerica Partners by 4.8% during the 3rd quarter. Harvest Fund Advisors LLC now owns 3,075,007 shares of the oil and gas company’s stock valued at $83,794,000 after buying an additional 141,143 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Crossamerica Partners by 2.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 315,232 shares of the oil and gas company’s stock valued at $8,590,000 after buying an additional 6,946 shares in the last quarter. Neuberger Berman Group LLC bought a new position in Crossamerica Partners during the 3rd quarter valued at approximately $602,000. Finally, Mutual of America Capital Management LLC increased its position in Crossamerica Partners by 20.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 153,714 shares of the oil and gas company’s stock valued at $3,651,000 after buying an additional 25,939 shares in the last quarter. 33.67% of the stock is owned by hedge funds and other institutional investors.

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A number of research analysts recently weighed in on the company. ValuEngine raised Crossamerica Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Zacks Investment Research raised Crossamerica Partners from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, January 9th. Robert W. Baird lowered Crossamerica Partners from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 28th. B. Riley set a $30.00 target price on Crossamerica Partners and gave the stock a “buy” rating in a report on Monday, February 26th. Finally, Jefferies Group reissued a “buy” rating and issued a $28.00 target price on shares of Crossamerica Partners in a report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $28.67.

Shares of Crossamerica Partners stock traded down $0.17 on Friday, reaching $20.44. The company’s stock had a trading volume of 25,351 shares, compared to its average volume of 44,394. The firm has a market cap of $697.23, a price-to-earnings ratio of -255.50, a PEG ratio of 14.49 and a beta of 1.21. Crossamerica Partners LP has a 52 week low of $20.05 and a 52 week high of $29.80. The company has a current ratio of 0.86, a quick ratio of 0.70 and a debt-to-equity ratio of 3.09.

Crossamerica Partners (NYSE:CAPL) last released its quarterly earnings results on Monday, February 26th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.06. The firm had revenue of $552.66 million for the quarter, compared to the consensus estimate of $572.48 million. Crossamerica Partners had a return on equity of 5.84% and a net margin of 1.00%. equities research analysts forecast that Crossamerica Partners LP will post 0.31 EPS for the current fiscal year.

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Crossamerica Partners Company 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.

Institutional Ownership by Quarter for Crossamerica Partners (NYSE:CAPL)

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