Natixis Decreases Holdings in CrossAmerica Partners LP (NYSE:CAPL)

Natixis trimmed its stake in shares of CrossAmerica Partners LP (NYSE:CAPL) by 51.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 25,700 shares of the oil and gas company’s stock after selling 27,500 shares during the quarter. Natixis’ holdings in CrossAmerica Partners were worth $586,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. lifted its holdings in CrossAmerica Partners by 0.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 205,698 shares of the oil and gas company’s stock valued at $4,688,000 after purchasing an additional 823 shares in the last quarter. Raymond James & Associates lifted its stake in shares of CrossAmerica Partners by 0.9% in the fourth quarter. Raymond James & Associates now owns 87,923 shares of the oil and gas company’s stock worth $2,005,000 after buying an additional 774 shares in the last quarter. GSA Capital Partners LLP lifted its stake in shares of CrossAmerica Partners by 79.7% in the first quarter. GSA Capital Partners LLP now owns 36,412 shares of the oil and gas company’s stock worth $830,000 after buying an additional 16,153 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of CrossAmerica Partners by 1.9% in the first quarter. BNP Paribas Financial Markets now owns 30,971 shares of the oil and gas company’s stock worth $706,000 after buying an additional 565 shares in the last quarter. Finally, Tortoise Index Solutions LLC lifted its stake in shares of CrossAmerica Partners by 12.9% in the fourth quarter. Tortoise Index Solutions LLC now owns 24,095 shares of the oil and gas company’s stock worth $549,000 after buying an additional 2,745 shares in the last quarter. 24.06% of the stock is owned by hedge funds and other institutional investors.

CrossAmerica Partners Price Performance

Shares of CAPL remained flat at $20.16 during trading on Friday. 2,787 shares of the company’s stock were exchanged, compared to its average volume of 37,581. CrossAmerica Partners LP has a 1-year low of $18.72 and a 1-year high of $24.19. The firm has a market cap of $766.68 million, a PE ratio of 33.05 and a beta of 1.50. The business’s fifty day moving average is $19.95 and its 200-day moving average is $21.55. The company has a debt-to-equity ratio of 250.71, a quick ratio of 0.41 and a current ratio of 0.77.

CrossAmerica Partners (NYSE:CAPL) last announced its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). CrossAmerica Partners had a net margin of 0.56% and a return on equity of 701.44%. The company had revenue of $941.55 million for the quarter, compared to analyst estimates of $1.17 billion. On average, equities research analysts predict that CrossAmerica Partners LP will post 0.28 EPS for the current year.

CrossAmerica Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, August 2nd will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 10.42%. The ex-dividend date is Friday, August 2nd. CrossAmerica Partners’s dividend payout ratio (DPR) is currently 344.26%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of CrossAmerica Partners from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 9th.

CrossAmerica Partners Company Profile

CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, operation of convenience stores, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. It 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.