CrossAmerica Partners (NYSE:CAPL) Upgraded at StockNews.com

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

CrossAmerica Partners Stock Down 1.2 %

Shares of CAPL traded down $0.25 during midday trading on Friday, reaching $19.81. 52,207 shares of the stock were exchanged, compared to its average volume of 39,022. The company has a market cap of $753.31 million, a price-to-earnings ratio of 32.48 and a beta of 1.50. The firm has a 50 day simple moving average of $19.92 and a 200-day simple moving average of $21.27. CrossAmerica Partners has a 12-month low of $18.43 and a 12-month high of $24.19. The company has a quick ratio of 0.41, a current ratio of 0.77 and a debt-to-equity ratio of 250.71.

CrossAmerica Partners (NYSE:CAPL) last issued its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The business had revenue of $941.55 million for the quarter, compared to the consensus estimate of $1.17 billion. CrossAmerica Partners had a net margin of 0.56% and a return on equity of 701.44%. Research analysts forecast that CrossAmerica Partners will post 0.28 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Apollon Wealth Management LLC lifted its position in CrossAmerica Partners by 3.3% during the 4th quarter. Apollon Wealth Management LLC now owns 15,154 shares of the oil and gas company’s stock worth $346,000 after acquiring an additional 489 shares during the last quarter. American Financial Group Inc. lifted its position in shares of CrossAmerica Partners by 3.7% during the 1st quarter. American Financial Group Inc. now owns 14,000 shares of the oil and gas company’s stock worth $319,000 after purchasing an additional 500 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of CrossAmerica Partners by 1.9% in the first quarter. BNP Paribas Financial Markets now owns 30,971 shares of the oil and gas company’s stock valued at $706,000 after acquiring an additional 565 shares during the period. Raymond James & Associates increased its position in CrossAmerica Partners by 0.9% during the fourth quarter. Raymond James & Associates now owns 87,923 shares of the oil and gas company’s stock worth $2,005,000 after acquiring an additional 774 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its stake in CrossAmerica Partners by 0.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 205,698 shares of the oil and gas company’s stock valued at $4,688,000 after purchasing an additional 823 shares during the last quarter. Institutional investors and hedge funds own 24.06% of the company’s stock.

About CrossAmerica Partners

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.