EverSource Wealth Advisors LLC Increases Stake in CrossAmerica Partners LP (NYSE:CAPL)

EverSource Wealth Advisors LLC increased its holdings in shares of CrossAmerica Partners LP (NYSE:CAPL) by 47.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,731 shares of the oil and gas company’s stock after buying an additional 1,200 shares during the period. EverSource Wealth Advisors LLC’s holdings in CrossAmerica Partners were worth $82,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in CrossAmerica Partners during the 4th quarter worth approximately $6,245,000. NewEdge Wealth LLC grew its holdings in CrossAmerica Partners by 112.7% during the 4th quarter. NewEdge Wealth LLC now owns 71,232 shares of the oil and gas company’s stock worth $1,567,000 after acquiring an additional 37,736 shares in the last quarter. Allworth Financial LP acquired a new position in CrossAmerica Partners during the 4th quarter worth approximately $44,000. Quadrant Private Wealth Management LLC grew its holdings in CrossAmerica Partners by 0.5% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 164,543 shares of the oil and gas company’s stock worth $3,620,000 after acquiring an additional 775 shares in the last quarter. Finally, Sonora Investment Management Group LLC acquired a new position in CrossAmerica Partners during the 4th quarter worth approximately $224,000. 24.06% of the stock is owned by hedge funds and other institutional investors.

CrossAmerica Partners Stock Up 0.1 %

NYSE CAPL opened at $23.57 on Wednesday. CrossAmerica Partners LP has a 52 week low of $18.43 and a 52 week high of $23.97. The stock has a market capitalization of $897.07 million, a PE ratio of 45.33 and a beta of 1.48. The firm has a 50 day moving average of $22.81 and a two-hundred day moving average of $21.66.

CrossAmerica Partners (NYSE:CAPL) last issued its earnings results on Wednesday, February 26th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.38. CrossAmerica Partners had a net margin of 0.50% and a negative return on equity of 104.40%. The business had revenue of $944.22 million during the quarter, compared to analysts’ expectations of $1.21 billion. On average, equities research analysts expect that CrossAmerica Partners LP will post 0.42 earnings per share for the current fiscal year.

CrossAmerica Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 8.91%. The ex-dividend date of this dividend was Monday, February 3rd. CrossAmerica Partners’s payout ratio is 403.85%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of CrossAmerica Partners from a “strong-buy” rating to a “buy” rating in a report on Sunday.

CrossAmerica Partners 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.