CrossAmerica Partners LP (NYSE:CAPL)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $22.88 and last traded at $23.74, with a volume of 46800 shares changing hands. The stock had previously closed at $24.34.

CAPL has been the topic of several research analyst reports. Royal Bank Of Canada dropped their price objective on CrossAmerica Partners from $30.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 9th. BidaskClub downgraded CrossAmerica Partners from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $29.00.

The company has a market cap of $827.19, a PE ratio of 110.64, a PEG ratio of 365.10 and a beta of 1.28. 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 business also recently announced a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Monday, November 6th were given a dividend of $0.6275 per share. The ex-dividend date was Friday, November 3rd. This represents a $2.51 annualized dividend and a dividend yield of 10.57%. This is an increase from CrossAmerica Partners’s previous quarterly dividend of $0.62. CrossAmerica Partners’s dividend payout ratio is currently -25,100,000.00%.

In other CrossAmerica Partners news, Director Joseph V. Jr. Topper acquired 39,057 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were bought at an average price of $27.52 per share, for a total transaction of $1,074,848.64. Following the completion of the transaction, the director now owns 163,544 shares of the company’s stock, valued at approximately $4,500,730.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph V. Jr. Topper acquired 15,913 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was acquired at an average price of $26.87 per share, for a total transaction of $427,582.31. Following the transaction, the director now directly owns 163,544 shares of the company’s stock, valued at approximately $4,394,427.28. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 58,370 shares of company stock worth $1,592,531.

Several hedge funds have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of CrossAmerica Partners by 12.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 308,286 shares of the oil and gas company’s stock valued at $7,861,000 after buying an additional 35,106 shares during the last quarter. Credit Suisse AG grew its stake in shares of CrossAmerica Partners by 6.8% during the first quarter. Credit Suisse AG now owns 23,954 shares of the oil and gas company’s stock valued at $628,000 after buying an additional 1,523 shares during the last quarter. Harvest Fund Advisors LLC grew its stake in shares of CrossAmerica Partners by 4.8% during the third quarter. Harvest Fund Advisors LLC now owns 3,075,007 shares of the oil and gas company’s stock valued at $83,794,000 after buying an additional 141,143 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of CrossAmerica Partners by 2.9% during the second quarter. Goldman Sachs Group Inc. now owns 1,089,908 shares of the oil and gas company’s stock valued at $27,793,000 after buying an additional 30,751 shares during the last quarter. Finally, Arrow Investment Advisors LLC bought a new position in shares of CrossAmerica Partners during the second quarter valued at about $705,000. Institutional investors own 34.45% of the company’s stock.

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CrossAmerica Partners Company Profile

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.

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