Crossamerica Partners LP (NYSE:CAPL) was the recipient of a large decline in short interest in the month of November. As of November 29th, there was short interest totalling 55,900 shares, a decline of 14.8% from the November 14th total of 65,600 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 48,400 shares, the short-interest ratio is presently 1.2 days.

Several research analysts recently weighed in on the stock. TheStreet raised shares of Crossamerica Partners from a “c” rating to a “b-” rating in a report on Friday, November 22nd. Zacks Investment Research downgraded shares of Crossamerica Partners from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, ValuEngine raised shares of Crossamerica Partners from a “strong sell” rating to a “sell” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Crossamerica Partners has an average rating of “Hold” and an average target price of $18.33.

In other news, Director Joseph V. Jr. Topper bought 7,486,131 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was bought at an average price of $18.63 per share, with a total value of $139,466,620.53. Following the acquisition, the director now owns 65,395 shares of the company’s stock, valued at approximately $1,218,308.85. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

A number of institutional investors have recently modified their holdings of CAPL. Arrow Investment Advisors LLC increased its stake in Crossamerica Partners by 21.3% during the 3rd quarter. Arrow Investment Advisors LLC now owns 26,585 shares of the oil and gas company’s stock worth $454,000 after buying an additional 4,661 shares during the period. Strategic Wealth Advisors Group LLC increased its stake in Crossamerica Partners by 20.3% during the 3rd quarter. Strategic Wealth Advisors Group LLC now owns 97,648 shares of the oil and gas company’s stock worth $1,681,000 after buying an additional 16,506 shares during the period. California Public Employees Retirement System purchased a new stake in Crossamerica Partners during the 3rd quarter worth approximately $173,000. Lenox Wealth Advisors LLC purchased a new stake in Crossamerica Partners during the 3rd quarter worth approximately $25,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Crossamerica Partners during the 2nd quarter worth approximately $185,000. 30.69% of the stock is owned by institutional investors.

Crossamerica Partners stock traded up $0.37 during mid-day trading on Friday, hitting $17.50. The stock had a trading volume of 33,800 shares, compared to its average volume of 73,042. The firm has a market capitalization of $592.71 million, a P/E ratio of 159.09, a P/E/G ratio of 8.62 and a beta of 1.20. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 6.78. The firm’s 50 day moving average is $17.94 and its 200 day moving average is $17.06. Crossamerica Partners has a one year low of $13.00 and a one year high of $19.07.

Crossamerica Partners (NYSE:CAPL) last issued its earnings results on Thursday, November 7th. The oil and gas company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.04). The firm had revenue of $559.74 million during the quarter, compared to the consensus estimate of $591.82 million. Crossamerica Partners had a return on equity of 19.71% and a net margin of 0.97%. As a group, equities research analysts forecast that Crossamerica Partners will post 0.6 earnings per share for the current year.

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, and company operated retail sites.

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