About Global Partners LP
Global Partners LP is a midstream logistics and marketing company. The Company is engaged in the purchasing, selling and logistics of transporting petroleum and related products, including domestic and Canadian crude oil, gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, natural gas and propane. It operates through three segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. Its Wholesale segment engages in the logistics of selling, gathering, storage and transportation of refined petroleum products, renewable fuels, crude oil and propane. In the GDSO segment, gasoline distribution includes sales of branded and unbranded gasoline to gasoline station operators and sub jobbers. Its Commercial segment includes sales and deliveries to end user customers in the public sector and to commercial and industrial end users of unbranded gasoline, home heating oil, diesel, kerosene, residual oil, bunker fuel and natural gas.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Basic Materials Wholesale
- Sub-Industry: N/A
- Exchange: NYSE
- Symbol: GLP
- Previous Close: $19.25
- 50 Day Moving Average: $20.38
- 200 Day Moving Average: $17.11
- 52-Week Range: $33,533,000.00 - $12.28
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 275.00
- P/E Growth: 0.12
- Market Cap: $645.51M
- Outstanding Shares: 33,533,000
- Beta: 1.01
- Net Margins: -1.68%
- Return on Equity: -2.65%
- Return on Assets: -0.64%
Companies Related to Global Partners LP:
- Debt-to-Equity Ratio: 2.20%
- Current Ratio: 1.48%
- Quick Ratio: 0.72%
What is Global Partners LP's stock symbol?
Global Partners LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "GLP."
How often does Global Partners LP pay dividends? What is the dividend yield for Global Partners LP?
Global Partners LP declared a quarterly dividend on Tuesday, January 31st. Stockholders of record on Thursday, February 9th will be paid a dividend of $0.4625 per share on Tuesday, February 14th. This represents a $1.85 annualized dividend and a dividend yield of 9.61%. The ex-dividend date of this dividend is Tuesday, February 7th.
Where is Global Partners LP's stock going? Where will Global Partners LP's stock price be in 2017?
4 equities research analysts have issued twelve-month price targets for Global Partners LP's shares. Their forecasts range from $16.00 to $25.00. On average, they expect Global Partners LP's share price to reach $18.25 in the next twelve months.
When will Global Partners LP announce their earnings?
Global Partners LP is scheduled to release their next quarterly earnings announcement on Monday, February, 27th 2017.
What are analysts saying about Global Partners LP stock?
Here are some recent quotes from research analysts about Global Partners LP stock:
- Stifel Nicolaus analysts commented, "Today, we are maintaining our Buy rating on Global Partners and increasing our target price to $25.00 from $19.00. Our target price increase is a result of assigning an approximate 10.0x multiple to our FY17 LP EBITDA estimate of $220 million, which is up from our prior assumption of 9.0x. GLP is currently trading at 9.5x based on our FY17 estimate, which compares to its peer group at 9.7x. Historically, GLP has traded near parity to its comp group, which is a driving factor in our multiple expansion assumption. Year-to-date, Global Partners increased 10.8% compared to the Alerian Index's return of 6.3%." (2/7/2017)
According to Zacks Investment Research, "Global Partners is a Delaware limited partnership formed by affiliates of the Slifka family. Global Partners owns, controls or has access to one of the largest terminal networks of refined petroleum products in New England. Global Partners is one of the largest wholesale distributors of distillates such as home heating oil, diesel and kerosene, gasoline, and residual oil and bunker fuel to wholesalers, retailers and commercial customers in New England. " (1/16/2017)
Who owns Global Partners LP stock?
Global Partners LP's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include
(10.39%), Van ECK Associates Corp (0.81%), Advisory Research Inc. (0.66%), ING Groep NV (0.39%), Renaissance Technologies LLC (0.36%) and Metropolitan Life Insurance Co. NY (0.31%). Company insiders that own Global Partners LP stock include Alfred A Slifka, Daphne H Foster, Global Gp Llc and Kenneth I Watchmaker.
Who sold Global Partners LP stock? Who is selling Global Partners LP stock?
Global Partners LP's stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Raymond James Financial Services Advisors Inc., Guggenheim Capital LLC, GSA Capital Partners LLP, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Van ECK Associates Corp and Advisory Research Inc..
How do I buy Global Partners LP stock?
Shares of Global Partners LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Global Partners LP stock cost?
One share of Global Partners LP stock can currently be purchased for approximately $19.25.