Crossamerica Partners (CAPL) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of Crossamerica Partners (NYSE:CAPL) from a sell rating to a hold rating in a research report sent to investors on Monday morning, ValuEngine reports.

Separately, Robert W. Baird cut their price target on Crossamerica Partners from $18.00 to $16.00 and set a neutral rating on the stock in a research report on Wednesday, December 19th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Crossamerica Partners presently has a consensus rating of Buy and a consensus price target of $20.80.

Shares of NYSE:CAPL opened at $18.40 on Monday. Crossamerica Partners has a 52-week low of $13.00 and a 52-week high of $22.37. The company has a market capitalization of $633.70 million, a P/E ratio of 167.27, a PEG ratio of 6.21 and a beta of 1.47. The company has a current ratio of 0.58, a quick ratio of 0.42 and a debt-to-equity ratio of 4.68.

Crossamerica Partners (NYSE:CAPL) last issued its quarterly earnings data on Monday, February 25th. The oil and gas company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.15 by $0.07. Crossamerica Partners had a return on equity of 9.08% and a net margin of 0.16%. The firm had revenue of $547.24 million during the quarter, compared to analyst estimates of $663.00 million. As a group, equities research analysts predict that Crossamerica Partners will post 0.72 earnings per share for the current fiscal year.

In other news, Director Joseph V. Jr. Topper acquired 22,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was acquired at an average cost of $17.70 per share, with a total value of $389,400.00. Following the transaction, the director now owns 195,295 shares in the company, valued at $3,456,721.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Joseph V. Jr. Topper acquired 23,100 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were purchased at an average cost of $17.28 per share, with a total value of $399,168.00. Following the completion of the transaction, the director now owns 195,295 shares in the company, valued at approximately $3,374,697.60. The disclosure for this purchase can be found here.

Several large investors have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in shares of Crossamerica Partners during the fourth quarter worth about $141,000. Essex Financial Services Inc. purchased a new position in shares of Crossamerica Partners during the fourth quarter valued at approximately $142,000. Tortoise Index Solutions LLC lifted its stake in shares of Crossamerica Partners by 100.7% during the fourth quarter. Tortoise Index Solutions LLC now owns 10,294 shares of the oil and gas company’s stock valued at $146,000 after buying an additional 5,164 shares during the period. Strategic Wealth Advisors Group LLC purchased a new position in Crossamerica Partners during the fourth quarter worth approximately $226,000. Finally, GSA Capital Partners LLP raised its stake in Crossamerica Partners by 174.7% during the third quarter. GSA Capital Partners LLP now owns 29,430 shares of the oil and gas company’s stock worth $533,000 after purchasing an additional 18,715 shares during the period. 34.19% of the stock is owned by institutional investors and hedge funds.

Crossamerica Partners Company Profile

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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