CrossAmerica Partners (CAPL) Receiving Somewhat Favorable Press Coverage, Analysis Finds

News coverage about CrossAmerica Partners (NYSE:CAPL) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. CrossAmerica Partners earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 46.4273828707829 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of CrossAmerica Partners (NYSE:CAPL) traded down $0.12 during trading on Friday, hitting $24.74. 28,663 shares of the stock were exchanged, compared to its average volume of 43,061. CrossAmerica Partners has a 12 month low of $23.26 and a 12 month high of $29.80. The stock has a market cap of $836.73, a PE ratio of 113.14, a price-to-earnings-growth ratio of 373.35 and a beta of 1.33. The company has a quick ratio of 0.57, a current ratio of 0.70 and a debt-to-equity ratio of 2.69.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were paid a $0.6275 dividend. This is a boost from CrossAmerica Partners’s previous quarterly dividend of $0.62. The ex-dividend date was Friday, November 3rd. This represents a $2.51 dividend on an annualized basis and a dividend yield of 10.15%. CrossAmerica Partners’s dividend payout ratio is 25,100.00%.

CAPL has been the topic of a number of research analyst reports. BidaskClub lowered shares of CrossAmerica Partners from a “hold” rating to a “sell” rating in a report on Saturday, October 7th. Royal Bank Of Canada decreased their price target on shares of CrossAmerica Partners from $30.00 to $28.00 and set a “sector perform” rating on the stock in a report on Thursday, November 9th. Bank of America Corporation lowered shares of CrossAmerica Partners from a “buy” rating to a “neutral” rating and increased their price target for the stock from $28.00 to $30.00 in a report on Wednesday, July 26th. Raymond James Financial, Inc. upped their price objective on shares of CrossAmerica Partners from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research cut shares of CrossAmerica Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. CrossAmerica Partners presently has an average rating of “Hold” and an average target price of $30.20.

In other news, Director Joseph V. Jr. Topper purchased 3,400 shares of the company’s stock in a transaction on Friday, September 8th. The stock was acquired at an average price of $26.50 per share, with a total value of $90,100.00. Following the transaction, the director now directly owns 163,544 shares of the company’s stock, valued at approximately $4,333,916. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph V. Jr. Topper purchased 2,363 shares of the company’s stock in a transaction on Monday, August 21st. The shares were purchased at an average cost of $26.26 per share, with a total value of $62,052.38. Following the transaction, the director now directly owns 163,544 shares in the company, valued at $4,294,665.44. The disclosure for this purchase can be found here. Insiders bought a total of 67,033 shares of company stock valued at $1,821,407 in the last ninety days.

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About CrossAmerica Partners

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.

Insider Buying and Selling by Quarter for CrossAmerica Partners (NYSE:CAPL)

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