Joseph V. Jr. Topper Buys 39,057 Shares of CrossAmerica Partners LP (CAPL) Stock

CrossAmerica Partners LP (NYSE:CAPL) Director Joseph V. Jr. Topper purchased 39,057 shares of the company’s stock in a transaction on Friday, September 15th. The shares were bought at an average price of $27.52 per share, with a total value 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 $4,500,730.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

CrossAmerica Partners LP (NYSE CAPL) opened at 27.35 on Wednesday. The company has a 50 day moving average of $26.68 and a 200-day moving average of $25.74. CrossAmerica Partners LP has a one year low of $23.26 and a one year high of $29.80. The firm’s market cap is $926.07 million.

CrossAmerica Partners (NYSE:CAPL) last posted its earnings results on Monday, August 7th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). The business had revenue of $528.79 million for the quarter, compared to analyst estimates of $596.92 million. CrossAmerica Partners had a return on equity of 4.11% and a net margin of 0.06%. On average, equities research analysts predict that CrossAmerica Partners LP will post ($0.02) earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and international copyright legislation. The legal version of this piece of content can be read at https://www.chaffeybreeze.com/2017/09/20/joseph-v-jr-topper-buys-39057-shares-of-crossamerica-partners-lp-capl-stock.html.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. increased its position in CrossAmerica Partners by 0.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 92,698 shares of the oil and gas company’s stock worth $2,364,000 after purchasing an additional 303 shares in the last quarter. Wells Fargo & Company MN increased its position in CrossAmerica Partners by 2.3% during the 1st quarter. Wells Fargo & Company MN now owns 18,635 shares of the oil and gas company’s stock worth $488,000 after purchasing an additional 412 shares in the last quarter. Stephens Inc. AR increased its position in CrossAmerica Partners by 8.2% during the 1st quarter. Stephens Inc. AR now owns 8,994 shares of the oil and gas company’s stock worth $235,000 after purchasing an additional 685 shares in the last quarter. Mutual of America Capital Management LLC increased its position in CrossAmerica Partners by 0.8% during the 1st quarter. Mutual of America Capital Management LLC now owns 101,901 shares of the oil and gas company’s stock worth $2,668,000 after purchasing an additional 760 shares in the last quarter. Finally, Credit Suisse AG increased its position in CrossAmerica Partners by 6.8% during the 1st quarter. Credit Suisse AG now owns 23,954 shares of the oil and gas company’s stock worth $628,000 after purchasing an additional 1,523 shares in the last quarter. 35.05% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on the stock. BidaskClub upgraded shares of CrossAmerica Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, August 30th. Zacks Investment Research cut shares of CrossAmerica Partners from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Raymond James Financial, Inc. lifted their price objective on shares of CrossAmerica Partners from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Finally, Bank of America Corporation cut shares of CrossAmerica Partners from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $28.00 to $30.00 in a report on Wednesday, July 26th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $30.00.

About CrossAmerica Partners

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.

Insider Buying and Selling by Quarter for CrossAmerica Partners (NYSE:CAPL)

Receive News & Ratings for CrossAmerica Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CrossAmerica Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply