CrossAmerica Partners LP (CAPL) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its holdings in CrossAmerica Partners LP (NYSE:CAPL) by 71.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,339 shares of the oil and gas company’s stock after purchasing an additional 7,217 shares during the period. Ameriprise Financial Inc. owned about 0.05% of CrossAmerica Partners worth $442,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Cowen Inc. bought a new stake in shares of CrossAmerica Partners in the second quarter worth $510,000. Northwestern Mutual Investment Management Company LLC bought a new stake in shares of CrossAmerica Partners in the second quarter worth $3,365,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of CrossAmerica Partners by 12.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 308,286 shares of the oil and gas company’s stock worth $7,861,000 after acquiring an additional 35,106 shares during the period. Welch Capital Partners LLC NY grew its holdings in shares of CrossAmerica Partners by 67.5% in the second quarter. Welch Capital Partners LLC NY now owns 99,871 shares of the oil and gas company’s stock worth $2,547,000 after acquiring an additional 40,246 shares during the period. Finally, Global X Management Co. LLC grew its holdings in shares of CrossAmerica Partners by 5.5% in the second quarter. Global X Management Co. LLC now owns 298,352 shares of the oil and gas company’s stock worth $7,608,000 after acquiring an additional 15,577 shares during the period. 34.66% of the stock is owned by institutional investors and hedge funds.

In other news, Director Joseph V. Jr. Topper bought 2,363 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were bought at an average cost of $26.26 per share, for a total transaction of $62,052.38. Following the completion of the transaction, the director now owns 163,544 shares of the company’s stock, valued at $4,294,665.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph V. Jr. Topper bought 2,100 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average price of $26.24 per share, for a total transaction of $55,104.00. Following the completion of the transaction, the director now directly owns 163,544 shares of the company’s stock, valued at approximately $4,291,394.56. The disclosure for this purchase can be found here. Insiders bought 69,133 shares of company stock worth $1,876,511 over the last 90 days.

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Several analysts have issued reports on the company. Zacks Investment Research lowered CrossAmerica Partners from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada cut their price target on CrossAmerica Partners from $30.00 to $28.00 and set a “sector perform” rating for the company in a report on Thursday, November 9th. BidaskClub raised CrossAmerica Partners from a “hold” rating to a “buy” rating in a report on Wednesday, August 30th. Raymond James Financial, Inc. boosted their price target on 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 lowered CrossAmerica Partners from a “buy” rating to a “neutral” rating and boosted their price target for the company from $28.00 to $30.00 in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $30.20.

CrossAmerica Partners LP (NYSE:CAPL) opened at $25.09 on Tuesday. CrossAmerica Partners LP has a 52-week low of $23.26 and a 52-week high of $29.80. The company has a market capitalization of $854.72, a PE ratio of 114.32 and a beta of 1.32. The company has a debt-to-equity ratio of 2.69, a current ratio of 0.70 and a quick ratio of 0.57.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were given a $0.6275 dividend. This represents a $2.51 annualized dividend and a dividend yield of 10.00%. This is an increase from CrossAmerica Partners’s previous quarterly dividend of $0.62. The ex-dividend date was Friday, November 3rd. CrossAmerica Partners’s payout ratio is presently -25,100,000.00%.

CrossAmerica Partners Profile

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.

Institutional Ownership by Quarter for CrossAmerica Partners (NYSE:CAPL)

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