CrossAmerica Partners LP (NYSE:CAPL) Short Interest Up 5.2% in October

CrossAmerica Partners LP (NYSE:CAPL) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 89,400 shares, an increase of 5.2% from the October 15th total of 85,000 shares. Based on an average daily volume of 30,000 shares, the short-interest ratio is presently 3.0 days. Currently, 0.5% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday.

CrossAmerica Partners Stock Up 0.0 %

Shares of CrossAmerica Partners stock opened at $20.15 on Monday. The firm has a market capitalization of $766.65 million, a P/E ratio of 38.75 and a beta of 1.50. CrossAmerica Partners has a 52 week low of $18.43 and a 52 week high of $24.19. The firm’s 50 day moving average is $20.98 and its two-hundred day moving average is $20.35.

CrossAmerica Partners (NYSE:CAPL) last posted its earnings results on Wednesday, November 6th. The oil and gas company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. CrossAmerica Partners had a net margin of 0.50% and a negative return on equity of 104.40%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the firm posted $0.31 EPS. As a group, research analysts expect that CrossAmerica Partners will post 0.42 earnings per share for the current fiscal year.

CrossAmerica Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Monday, November 4th were given a $0.525 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 10.42%. CrossAmerica Partners’s dividend payout ratio (DPR) is presently 403.85%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its holdings in shares of CrossAmerica Partners by 18.8% in the third 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. Sanctuary Advisors LLC purchased a new stake in CrossAmerica Partners in the 2nd quarter valued at $348,000. EverSource Wealth Advisors LLC boosted its stake in CrossAmerica Partners by 376.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,531 shares of the oil and gas company’s stock worth $51,000 after purchasing an additional 2,000 shares during the period. IFG Advisory LLC purchased a new position in CrossAmerica Partners during the 2nd quarter worth $332,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in CrossAmerica Partners in the first quarter valued at $205,000. Hedge funds and other institutional investors 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.