John B. Reilly III Acquires 10,695 Shares of Crossamerica Partners LP (CAPL) Stock

Crossamerica Partners LP (NYSE:CAPL) Director John B. Reilly III purchased 10,695 shares of the firm’s stock in a transaction dated Friday, August 10th. The stock was acquired at an average cost of $18.20 per share, for a total transaction of $194,649.00. Following the purchase, the director now owns 199,916 shares in the company, valued at $3,638,471.20. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

CAPL traded down $0.26 during mid-day trading on Monday, hitting $18.11. 76,700 shares of the stock were exchanged, compared to its average volume of 67,998. Crossamerica Partners LP has a 1-year low of $15.50 and a 1-year high of $28.10. The company has a current ratio of 0.77, a quick ratio of 0.65 and a debt-to-equity ratio of 4.15. The firm has a market cap of $632.55 million, a price-to-earnings ratio of -228.25 and a beta of 1.16.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 13th. Investors of record on Monday, August 6th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 11.60%. The ex-dividend date is Friday, August 3rd. Crossamerica Partners’s payout ratio is -2,625.00%.

A number of institutional investors and hedge funds have recently bought and sold shares of CAPL. Renaissance Technologies LLC lifted its stake in Crossamerica Partners by 27.6% during the 4th quarter. Renaissance Technologies LLC now owns 112,639 shares of the oil and gas company’s stock worth $2,675,000 after acquiring an additional 24,339 shares in the last quarter. Global X Management Co. LLC lifted its stake in Crossamerica Partners by 8.2% during the 1st quarter. Global X Management Co. LLC now owns 340,027 shares of the oil and gas company’s stock worth $6,991,000 after acquiring an additional 25,811 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Crossamerica Partners by 2,703.0% during the 1st quarter. Wells Fargo & Company MN now owns 550,487 shares of the oil and gas company’s stock worth $11,318,000 after acquiring an additional 530,848 shares in the last quarter. Van ECK Associates Corp lifted its stake in Crossamerica Partners by 41.5% during the 1st quarter. Van ECK Associates Corp now owns 122,959 shares of the oil and gas company’s stock worth $2,528,000 after acquiring an additional 36,043 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its stake in Crossamerica Partners by 10.8% during the 1st quarter. OppenheimerFunds Inc. now owns 3,783,442 shares of the oil and gas company’s stock worth $77,788,000 after acquiring an additional 367,320 shares in the last quarter. 32.12% of the stock is currently owned by hedge funds and other institutional investors.

CAPL has been the topic of several recent analyst reports. Zacks Investment Research raised Crossamerica Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. ValuEngine lowered Crossamerica Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 8th. Stephens reaffirmed a “hold” rating and issued a $23.00 price target on shares of Crossamerica Partners in a research note on Tuesday, April 17th. Finally, B. Riley decreased their price target on Crossamerica Partners from $29.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, May 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $26.20.

About Crossamerica Partners

CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company 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, operators of retail motor fuel stations, Circle K Stores Inc, and company operated retail sites.

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