NYSE:GLP - Global Partners Stock Price, News, & Analysis

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$19.76 -0.07 (-0.35 %)
(As of 05/24/2019 03:27 AM ET)
Previous Close$19.83
Today's Range$19.65 - $19.78
52-Week Range$13.63 - $21.05
Volume66,685 shs
Average Volume90,925 shs
Market Capitalization$671.84 million
P/E Ratio11.42
Dividend Yield10.22%
Beta1
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 and New York. The company 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. Its Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, residual oil, and propane to home heating oil and propane retailers, and wholesale distributors. It 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. The company's 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. Its Commercial segment sells and delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to end user customers in the public sector, as well as to commercial and industrial end users; and sells custom blended fuels. As of December 31, 2018, the company had a portfolio of 1,579 owned, leased, and/or supplied gasoline stations, which included 297 directly operated convenience stores primarily in Massachusetts, Maine, Connecticut, Vermont, New Hampshire, Rhode Island, New York, New Jersey, and Pennsylvania; and owned, leased, or maintained storage facilities at 25 bulk terminals with a collective storage capacity of 11.6 million barrels. Global GP LLC serves as the general partner of the company. Global Partners LP was founded in 2005 and is based in Waltham, Massachusetts.

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Industry, Sector and Symbol

Industry Petroleum bulk stations & terminals
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone781-894-8800

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$12.67 billion
Cash Flow$5.1059 per share
Book Value$12.42 per share

Profitability

Net Income$102.87 million

Miscellaneous

Employees2,500
Market Cap$671.84 million
Next Earnings Date8/8/2019 (Estimated)
OptionableOptionable

Global Partners (NYSE:GLP) Frequently Asked Questions

What is Global Partners' stock symbol?

Global Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "GLP."

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

Global Partners announced a quarterly dividend on Monday, April 29th. Stockholders of record on Friday, May 10th will be paid a dividend of $0.51 per share on Wednesday, May 15th. This represents a $2.04 annualized dividend and a dividend yield of 10.32%. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from Global Partners's previous quarterly dividend of $0.50. View Global Partners' Dividend History.

How were Global Partners' earnings last quarter?

Global Partners LP (NYSE:GLP) posted its quarterly earnings data on Thursday, May, 9th. The energy company reported $0.15 EPS for the quarter, beating the Zacks' consensus estimate of $0.11 by $0.04. The energy company earned $2.98 billion during the quarter, compared to analysts' expectations of $3.08 billion. Global Partners had a net margin of 0.40% and a return on equity of 12.35%. View Global Partners' Earnings History.

When is Global Partners' next earnings date?

Global Partners is scheduled to release their next quarterly earnings announcement on Thursday, August 8th 2019. View Earnings Estimates for Global Partners.

What price target have analysts set for GLP?

4 brokers have issued twelve-month price objectives for Global Partners' shares. Their predictions range from $18.00 to $20.00. On average, they expect Global Partners' stock price to reach $19.3333 in the next year. This suggests that the stock has a possible downside of 2.2%. View Analyst Price Targets for Global Partners.

What is the consensus analysts' recommendation for Global Partners?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Global Partners in the last year. There are currently 2 sell ratings and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Global Partners.

Has Global Partners been receiving favorable news coverage?

News articles about GLP stock have been trending neutral recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Global Partners earned a daily sentiment score of 0.3 on InfoTrie's scale. They also gave media stories about the energy company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Who are some of Global Partners' key competitors?

What other stocks do shareholders of Global Partners own?

Who are Global Partners' key executives?

Global Partners' management team includes the folowing people:
  • Mr. Eric S. Slifka, Pres, CEO & Vice Chairman of Global GP LLC (Age 53)
  • Ms. Daphne H. Foster, CFO & Director of Global GP LLC (Age 61)
  • Mr. Mark A. Romaine, Chief Operating Officer of Global GP LLC (Age 50)
  • Mr. Matthew Spencer, Chief Accounting Officer of Global GP LLC (Age 42)
  • Mr. Edward J. Faneuil, Exec. VP, Gen. Counsel & Sec. of Global GP LLC (Age 66)

Who are Global Partners' major shareholders?

Global Partners' stock is owned by many different of institutional and retail investors. Top institutional investors include OppenheimerFunds Inc. (15.93%), Morgan Stanley (8.76%), Kayne Anderson Capital Advisors LP (6.41%), Goldman Sachs Group Inc. (1.25%), First Trust Advisors LP (0.83%) and Bramshill Investments LLC (0.25%). View Institutional Ownership Trends for Global Partners.

Which institutional investors are selling Global Partners stock?

GLP stock was sold by a variety of institutional investors in the last quarter, including Kayne Anderson Capital Advisors LP, Goldman Sachs Group Inc., Morgan Stanley, MetLife Investment Advisors LLC, Renaissance Technologies LLC, Bramshill Investments LLC, Wells Fargo & Company MN and First Trust Advisors LP. View Insider Buying and Selling for Global Partners.

Which institutional investors are buying Global Partners stock?

GLP stock was purchased by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Albert D Mason Inc., Acadian Asset Management LLC, Moors & Cabot Inc., HITE Hedge Asset Management LLC, Raymond James & Associates, Marshall Wace North America L.P. and Commonwealth Equity Services LLC. View Insider Buying and Selling for Global Partners.

How do I buy shares of Global Partners?

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

What is Global Partners' stock price today?

One share of GLP stock can currently be purchased for approximately $19.76.

How big of a company is Global Partners?

Global Partners has a market capitalization of $671.84 million and generates $12.67 billion in revenue each year. The energy company earns $102.87 million in net income (profit) each year or $1.73 on an earnings per share basis. Global Partners employs 2,500 workers across the globe.

What is Global Partners' official website?

The official website for Global Partners is http://www.globalp.com/.

How can I contact Global Partners?

Global Partners' mailing address is P.O. BOX 9161 800 SOUTH STREET, WALTHAM MA, 02454. The energy company can be reached via phone at 781-894-8800 or via email at [email protected]


MarketBeat Community Rating for Global Partners (NYSE GLP)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  203 (Vote Outperform)
Underperform Votes:  337 (Vote Underperform)
Total Votes:  540
MarketBeat's community ratings are surveys of what our community members think about Global Partners and other stocks. Vote "Outperform" if you believe GLP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GLP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/24/2019 by MarketBeat.com Staff

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