Crossamerica Partners LP (NYSE:CAPL) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 49,500 shares, a decrease of 35.4% from the September 30th total of 76,600 shares. Based on an average daily volume of 28,700 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.3% of the shares of the company are sold short.

Several equities analysts have recently weighed in on the stock. ValuEngine raised shares of Crossamerica Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research lowered shares of Crossamerica Partners from a “buy” rating to a “hold” rating in a research report on Wednesday.

A number of large investors have recently added to or reduced their stakes in the stock. Arrow Investment Advisors LLC increased its position in Crossamerica Partners by 21.3% during the third quarter. Arrow Investment Advisors LLC now owns 26,585 shares of the oil and gas company’s stock worth $454,000 after acquiring an additional 4,661 shares during the period. Strategic Wealth Advisors Group LLC increased its position in Crossamerica Partners by 20.3% during the third quarter. Strategic Wealth Advisors Group LLC now owns 97,648 shares of the oil and gas company’s stock worth $1,681,000 after acquiring an additional 16,506 shares during the period. California Public Employees Retirement System bought a new position in Crossamerica Partners during the third quarter worth about $173,000. Lenox Wealth Advisors LLC bought a new position in Crossamerica Partners during the third quarter worth about $25,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Crossamerica Partners during the second quarter worth about $185,000. 30.64% of the stock is currently owned by institutional investors and hedge funds.

NYSE:CAPL traded up $0.06 during mid-day trading on Friday, reaching $17.77. 27,957 shares of the company’s stock were exchanged, compared to its average volume of 33,918. Crossamerica Partners has a one year low of $13.00 and a one year high of $19.07. The firm has a market capitalization of $610.29 million, a PE ratio of 161.55, a price-to-earnings-growth ratio of 7.83 and a beta of 1.21. The business’s fifty day simple moving average is $17.61 and its two-hundred day simple moving average is $16.82. The company has a debt-to-equity ratio of 6.78, a quick ratio of 0.33 and a current ratio of 0.43.

Crossamerica Partners (NYSE:CAPL) last released its quarterly earnings results on Thursday, November 7th. The oil and gas company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). Crossamerica Partners had a return on equity of 19.71% and a net margin of 0.97%. The business had revenue of $559.74 million for the quarter, compared to the consensus estimate of $591.82 million. As a group, equities research analysts forecast that Crossamerica Partners will post 0.67 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 11.82%. The ex-dividend date was Monday, November 4th. Crossamerica Partners’s dividend payout ratio is 1,909.09%.

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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