CrossAmerica Partners LP (NYSE:CAPL) Short Interest Update

CrossAmerica Partners LP (NYSE:CAPL) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 120,700 shares, a growth of 95.0% from the November 30th total of 61,900 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 31,900 shares, the days-to-cover ratio is currently 3.8 days.

Institutional Investors Weigh In On CrossAmerica Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of CAPL. JPMorgan Chase & Co. raised its stake in CrossAmerica Partners by 8.7% in the third quarter. JPMorgan Chase & Co. now owns 361,231 shares of the oil and gas company’s stock valued at $7,485,000 after buying an additional 28,991 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of CrossAmerica Partners by 18.8% during the third quarter. Thrivent Financial for Lutherans now owns 27,021 shares of the oil and gas company’s stock worth $560,000 after acquiring an additional 4,267 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of CrossAmerica Partners by 5.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 18,554 shares of the oil and gas company’s stock valued at $377,000 after purchasing an additional 1,000 shares during the last quarter. IFG Advisory LLC purchased a new position in shares of CrossAmerica Partners in the 2nd quarter valued at approximately $332,000. Finally, Franklin Resources Inc. acquired a new stake in CrossAmerica Partners in the 3rd quarter worth approximately $279,000. Hedge funds and other institutional investors own 24.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 15th.

CrossAmerica Partners Stock Down 0.4 %

Shares of NYSE CAPL traded down $0.08 during midday trading on Friday, reaching $21.82. 25,311 shares of the company’s stock traded hands, compared to its average volume of 36,463. The company has a market cap of $830.19 million, a price-to-earnings ratio of 41.96 and a beta of 1.48. The stock’s 50 day simple moving average is $20.97 and its 200-day simple moving average is $20.51. CrossAmerica Partners has a one year low of $18.43 and a one year high of $24.19.

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

CrossAmerica Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Monday, November 4th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 9.62%. The ex-dividend date of this dividend was Monday, November 4th. CrossAmerica Partners’s payout ratio is currently 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.