CrossAmerica Partners LP (NYSE:CAPL – Get Rating) saw a sharp decline in short-term interest during the month of June. As of June 15, there was short interest totaling 54,800 shares, down 28.3% from the May 31 total of 76,400 shares. Based on an average daily trading volume of 48,300 shares, the day-to-cover ratio is currently 1.1 days. Currently, 0.3% of the stock’s shares are sold short.

Institutional investors have recently increased or reduced their stake in the company. Hexagon Capital Partners LLC purchased a new stake in CrossAmerica Partners in the first quarter at a value of $83,000. UBS Group AG increased its equity stake in CrossAmerica Partners by 33.0% during the first quarter. UBS Group AG now owns 5,758 shares of the oil and gas company valued at $125,000 after buying an additional 1,430 shares last quarter. Paradigm Financial Partners LLC purchased a new equity position from CrossAmerica Partners during the fourth quarter at a value of $222,000. American Financial Group Inc. increased its holdings of shares of CrossAmerica Partners by 10.0% during the first quarter. American Financial Group Inc. now owns 11,000 shares of the oil and gas company valued at $240,000 after buying an additional 1,000 shares last quarter. Finally, Philadelphia Trust Co. increased its holdings of CrossAmerica Partners stock by 10.0% in the first quarter. Philadelphia Trust Co. now owns 11,000 shares of the oil and gas company valued at $240,000 after buying an additional 1,000 shares in the last quarter. 23.87% of the shares are currently held by institutional investors and hedge funds.

CAPL stock traded at $0.39 at midday Friday, hitting $20.64. The stock recorded a trading volume of 20,060 shares, compared to an average volume of 46,699. The company has a market capitalization of $782.46 million, a price-earnings ratio of 25.48 and a beta of 1 .84. The company has a 50-day moving average of $20.67 and a two-hundred-day moving average of $20.83. CrossAmerica Partners has a 52-week low of $17.27 and a 52-week high of $23.29. The company has a debt ratio of 15.88, a current ratio of 0.73 and a quick ratio of 0.42.

CrossAmerica Partners (NYSE:CAPL – Get Rating) last released its quarterly results on Monday, May 9. The oil and gas company reported earnings per share of $0.13 for the quarter, missing the consensus estimate of $0.14 per ($0.01). The company posted revenue of $1.09 billion in the quarter, compared to $704.85 million expected by analysts. CrossAmerica Partners had a return on equity of 50.99% and a net margin of 0.76%. In the same period of the previous year, the company had earned earnings per share of $0.10. Research analysts predict that CrossAmerica Partners will post earnings per share of 0.94 for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 11. Shareholders of record on Tuesday, May 3 received a dividend of $0.525. This represents an annualized dividend of $2.10 and a yield of 10.17%. The ex-dividend date was Monday, May 2. The dividend payout ratio (DPR) of CrossAmerica Partners is 259.26%.

Separately, StockNews.com upgraded CrossAmerica Partners from a “hold” rating to a “buy” rating in a Wednesday, May 18 research report.

About CrossAmerica Partners (Get a rating)

CrossAmerica Partners LP is engaged in the wholesale distribution of automotive fuels, the operation of convenience stores and the ownership and leasing of real estate used in the retail distribution of automotive fuels in the United States. It operates in two segments, wholesale and retail. The Wholesale segment is engaged in the wholesale distribution of automotive fuels to lessee dealers, independent dealers, commission agents and company-operated retail locations.

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