Harvest Fund Advisors LLC Holds Stake in Crossamerica Partners LP (CAPL)

February 12, 2018 - By Vivian Park

Harvest Fund Advisors Llc increased its stake in Crossamerica Partners Lp (CAPL) by 4.81% based on its latest 2017Q3 regulatory filing with the SEC. Harvest Fund Advisors Llc bought 141,143 shares as the company’s stock declined 8.17% while stock markets rallied. The hedge fund held 3.08M shares of the oil refining and marketing company at the end of 2017Q3, valued at $83.79M, up from 2.93 million at the end of the previous reported quarter. Harvest Fund Advisors Llc who had been investing in Crossamerica Partners Lp for a number of months, seems to be bullish on the $791.85 million market cap company. The stock increased 2.28% or $0.52 during the last trading session, reaching $23.3. About 55,173 shares traded or 0.30% up from the average. CrossAmerica Partners LP (NYSE:CAPL) has risen 2.84% since February 12, 2017 and is uptrending. It has underperformed by 13.86% the S&P500.

Harvest Fund Advisors Llc, which manages about $5.20B and $9.64B US Long portfolio, decreased its stake in Cheniere Energy Ptnrs Lp Hld (NYSEMKT:CQH) by 661,385 shares to 41,292 shares, valued at $1.04 million in 2017Q3, according to the filing. It also reduced its holding in Kinder Morgan Inc Del by 743,107 shares in the quarter, leaving it with 566,914 shares, and cut its stake in Macquarie Infrastructure Cor (NYSE:MIC).

More important recent CrossAmerica Partners LP (NYSE:CAPL) news were published by: Seekingalpha.com which released: “CrossAmerica Partners’ (CAPL) CEO Jeremy Bergeron on Q2 2017 Results …” on August 08, 2017, also Nasdaq.com published article titled: “CrossAmerica Partners LP (CAPL) Ex-Dividend Date Scheduled for May 04, 2017”, Nasdaq.com published: “CrossAmerica Partners LP: Announces the Closing of its Acquisition of Certain …” on November 28, 2017. More interesting news about CrossAmerica Partners LP (NYSE:CAPL) was released by: Nasdaq.com and their article: “Ex-Dividend Reminder: Baker Hughes, CrossAmerica Partners and Holly Energy …” with publication date: January 31, 2018.

CrossAmerica Partners LP (NYSE:CAPL) Ratings Coverage

Among 12 analysts covering CrossAmerica Partners (NYSE:CAPL), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. CrossAmerica Partners had 27 analyst reports since August 10, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Oppenheimer on Monday, August 10. RBC Capital Markets maintained it with “Sector Perform” rating and $27 target in Thursday, March 9 report. The rating was downgraded by Stephens to “Equal-Weight” on Monday, March 28. The stock of CrossAmerica Partners LP (NYSE:CAPL) has “Buy” rating given on Tuesday, September 26 by Robert W. Baird. Wunderlich maintained the shares of CAPL in report on Wednesday, September 16 with “Buy” rating. The firm has “Sector Perform” rating given on Thursday, October 27 by RBC Capital Markets. Janney Capital reinitiated the stock with “Buy” rating in Thursday, June 23 report. The firm earned “Outperform” rating on Tuesday, August 23 by Robert W. Baird. The stock of CrossAmerica Partners LP (NYSE:CAPL) has “Buy” rating given on Tuesday, August 22 by Robert W. Baird. The stock of CrossAmerica Partners LP (NYSE:CAPL) earned “Buy” rating by B. Riley & Co on Tuesday, December 19.

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