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NYSE:GLP

Global Partners (GLP) Stock Price, News & Analysis

$46.88
+0.01 (+0.02%)
(As of 09:57 AM ET)
Today's Range
$46.36
$46.88
50-Day Range
$41.20
$48.06
52-Week Range
$27.07
$48.50
Volume
1,676 shs
Average Volume
184,254 shs
Market Capitalization
$1.59 billion
P/E Ratio
12.47
Dividend Yield
5.97%
Price Target
$44.00

Global Partners MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
6.1% Downside
$44.00 Price Target
Short Interest
Bearish
5.68% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.46mentions of Global Partners in the last 14 days
Based on 8 Articles This Week
Insider Trading
Acquiring Shares
$302,240 Bought Last Quarter
Proj. Earnings Growth
14.62%
From $3.90 to $4.47 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.48 out of 5 stars

Oils/Energy Sector

159th out of 241 stocks

Petroleum Bulk Stations & Terminals Industry

2nd out of 2 stocks


GLP stock logo

About Global Partners Stock (NYSE:GLP)

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers in the New England states, Mid-Atlantic region, and New York. It is also involved in the transportation of petroleum products and renewable fuels through rail from the mid-continent region of the United States and Canada. The company's Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, and residual oil, and propane to home heating oil retailers and wholesale distributors. This segment also aggregates crude oil through truck or pipeline in the mid-continent region of the United States and Canada, as well as transports it through rail and ships it through barge to refiners. Its Gasoline Distribution and Station Operations segment sells branded and unbranded gasoline to gasoline station operators and sub-jobbers; operates gasoline stations and convenience stores; and provides car wash, lottery, and ATM services, as well as leases gasoline stations. The company's Commercial segment sells and delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to customers in the public sector, as well as to commercial and industrial end-users; and sells custom blended fuels. As of December 31, 2022, it had a portfolio of 1,673 owned, leased, and supplied gasoline stations, which included 353 directly operated convenience stores; and owned, leased, or maintained storage facilities at 24 bulk terminals with a collective storage capacity of 10 million barrels. The company serves as the general partner of the company. Global Partners LP was incorporated in 2005 and is based in Waltham, Massachusetts.

GLP Stock Price History

GLP Stock News Headlines

Global Partners LP Files 2023 Annual Report on Form 10-K
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Q4 2023 Global Partners LP Earnings Call
McKesson: GLP-1 Contributed More Than 1/3 Of Growth
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
GLP Mar 2024 45.000 put
Top 3 Oil & Gas Picks for Smart 2024 Investments
Snap Misses Q4 Forecasts, Stock Plunges Sharply
Homebuilders 'in the catbird seat' -ETF exec
Global Partners Intends To Offer $450 Mln Of Senior Notes
See More Headlines
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Company Calendar

Ex-Dividend for 2/14 Dividend
2/07/2024
Dividend Payable
2/14/2024
Last Earnings
2/28/2024
Today
3/05/2024
Next Earnings (Estimated)
5/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Petroleum bulk stations & terminals
Sub-Industry
N/A
Employees
4,310
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$44.00
High Stock Price Target
$44.00
Low Stock Price Target
$44.00
Potential Upside/Downside
-6.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$142.60 million
Pretax Margin
0.97%

Debt

Sales & Book Value

Annual Sales
$16.49 billion
Cash Flow
$7.93 per share
Book Value
$19.52 per share

Miscellaneous

Free Float
19,806,000
Market Cap
$1.59 billion
Optionable
Optionable
Beta
1.36
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Key Executives

  • Mr. Eric S. Slifka (Age 58)
    President, CEO & Vice Chairman of Global GP LLC
    Comp: $7.57M
  • Mr. Gregory B. Hanson (Age 46)
    Chief Financial Officer of Global GP LLC
    Comp: $1.8M
  • Mr. Mark A. Romaine (Age 55)
    Chief Operating Officer of Global GP LLC
    Comp: $3.27M
  • Mr. Matthew Spencer (Age 45)
    Chief Accounting Officer of Global GP LLC
    Comp: $1.4M
  • Mr. Sean T. Geary (Age 56)
    Chief Legal Officer & Secretary
    Comp: $1.43M
  • Lorraine Spadaro
    Chief Information Officer
  • Mr. Scott Solomon
    Vice President of Investor Relations
  • Catie Kerns
    VP of Communications & SVP of Corporate Affairs
  • Ms. Maura McDonough
    Chief People Officer
  • Philip Segaloff
    Senior Associate General Counsel














GLP Stock Analysis - Frequently Asked Questions

Should I buy or sell Global Partners stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Global Partners in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GLP shares.
View GLP analyst ratings
or view top-rated stocks.

What is Global Partners' stock price target for 2024?

1 analysts have issued 12-month price targets for Global Partners' shares. Their GLP share price targets range from $44.00 to $44.00. On average, they anticipate the company's share price to reach $44.00 in the next twelve months. This suggests that the stock has a possible downside of 6.1%.
View analysts price targets for GLP
or view top-rated stocks among Wall Street analysts.

How have GLP shares performed in 2024?

Global Partners' stock was trading at $42.31 at the beginning of the year. Since then, GLP shares have increased by 10.8% and is now trading at $46.88.
View the best growth stocks for 2024 here
.

Are investors shorting Global Partners?

Global Partners saw a increase in short interest in February. As of February 15th, there was short interest totaling 1,650,000 shares, an increase of 26.9% from the January 31st total of 1,300,000 shares. Based on an average daily trading volume, of 318,400 shares, the short-interest ratio is currently 5.2 days. Currently, 5.7% of the shares of the stock are sold short.
View Global Partners' Short Interest
.

When is Global Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our GLP earnings forecast
.

How were Global Partners' earnings last quarter?

Global Partners LP (NYSE:GLP) issued its earnings results on Wednesday, February, 28th. The energy company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.45. The energy company had revenue of $4.41 billion for the quarter, compared to analysts' expectations of $4.39 billion. Global Partners had a net margin of 0.92% and a trailing twelve-month return on equity of 23.91%.

How often does Global Partners pay dividends? What is the dividend yield for Global Partners?

Global Partners declared a quarterly dividend on Wednesday, January 24th. Stockholders of record on Thursday, February 8th will be given a dividend of $0.70 per share on Wednesday, February 14th. This represents a $2.80 annualized dividend and a yield of 5.97%. The ex-dividend date is Wednesday, February 7th. This is an increase from the stock's previous quarterly dividend of $0.69.
Read our dividend analysis for GLP
.

Is Global Partners a good dividend stock?

Global Partners (NYSE:GLP) pays an annual dividend of $2.80 per share and currently has a dividend yield of 5.98%. GLP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 74.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GLP will have a dividend payout ratio of 62.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GLP.

What ETFs hold Global Partners' stock?
What is Eric Slifka's approval rating as Global Partners' CEO?

55 employees have rated Global Partners Chief Executive Officer Eric Slifka on Glassdoor.com. Eric Slifka has an approval rating of 83% among the company's employees.

What other stocks do shareholders of Global Partners own?
Who are Global Partners' major shareholders?

Global Partners' stock is owned by a number of institutional and retail investors. Top institutional investors include Royal Bank of Canada (1.83%), Mirae Asset Global Investments Co. Ltd. (1.12%), Fractal Investments LLC (0.58%), First Trust Advisors LP (0.49%), Wells Fargo & Company MN (0.44%) and BNP Paribas Financial Markets (0.44%). Insiders that own company stock include Clare Mcgrory Kelly, Global Gp Llc, Jaime Pereira, Jeremy Langhorn and Robert J Mccool.
View institutional ownership trends
.

How do I buy shares of Global Partners?

Shares of GLP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:GLP) was last updated on 3/5/2024 by MarketBeat.com Staff