Crossamerica Partners LP (NYSE:CAPL) was up 6.6% during mid-day trading on Thursday . The stock traded as high as $14.85 and last traded at $14.85, approximately 112,057 shares traded hands during mid-day trading. An increase of 64% from the average daily volume of 68,350 shares. The stock had previously closed at $13.93.

Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Crossamerica Partners from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Friday, July 24th. Wells Fargo & Co raised their price objective on Crossamerica Partners from $12.00 to $14.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th.

The company has a debt-to-equity ratio of 4.80, a quick ratio of 0.60 and a current ratio of 0.65. The firm has a 50 day simple moving average of $13.83 and a two-hundred day simple moving average of $14.52. The firm has a market capitalization of $563.51 million, a P/E ratio of 28.02 and a beta of 2.25.

Crossamerica Partners (NYSE:CAPL) last issued its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $0.12 by $1.88. The business had revenue of $391.70 million for the quarter, compared to analysts’ expectations of $653.10 million. Crossamerica Partners had a return on equity of 18.35% and a net margin of 4.33%. Sell-side analysts anticipate that Crossamerica Partners LP will post 0.1 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Tuesday, August 4th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 14.11%. The ex-dividend date of this dividend is Monday, August 3rd. Crossamerica Partners’s payout ratio is presently 411.76%.

Hedge funds have recently bought and sold shares of the business. Clearbridge Investments LLC grew its holdings in Crossamerica Partners by 44.5% during the 1st quarter. Clearbridge Investments LLC now owns 1,202,541 shares of the oil and gas company’s stock valued at $9,692,000 after buying an additional 370,541 shares in the last quarter. Bank of America Corp DE lifted its position in Crossamerica Partners by 5,433.0% in the 4th quarter. Bank of America Corp DE now owns 168,757 shares of the oil and gas company’s stock worth $3,045,000 after buying an additional 165,707 shares during the last quarter. Advisor Group Holdings Inc. bought a new stake in Crossamerica Partners in the 1st quarter worth approximately $75,000. Raymond James Financial Services Advisors Inc. lifted its position in Crossamerica Partners by 10.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 90,708 shares of the oil and gas company’s stock worth $1,221,000 after buying an additional 8,500 shares during the last quarter. Finally, Quadrant Private Wealth Management LLC lifted its position in Crossamerica Partners by 17.4% in the 1st quarter. Quadrant Private Wealth Management LLC now owns 147,978 shares of the oil and gas company’s stock worth $1,193,000 after buying an additional 21,950 shares during the last quarter. 28.42% of the stock is owned by institutional investors and hedge funds.

About Crossamerica Partners (NYSE:CAPL)

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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