Global Partners (GLP) Stock Price, News & Analysis

1 Wall Street 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 research analysts is that investors should "buy" GLP shares.
View GLP analyst ratings or view top-rated stocks.

1 Wall Street research analysts have issued 12-month target prices for Global Partners' shares. Their GLP share price targets range from $44.00 to $44.00. On average, they expect the company's share price to reach $44.00 in the next twelve months. This suggests that the stock has a possible downside of 2.4%.
View analysts price targets for GLP or view top-rated stocks among Wall Street analysts.

Global Partners' stock was trading at $42.31 at the beginning of the year. Since then, GLP stock has increased by 6.6% and is now trading at $45.10.
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Global Partners saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 911,500 shares, a decrease of 14.8% from the March 15th total of 1,070,000 shares. Based on an average daily trading volume, of 152,100 shares, the short-interest ratio is currently 6.0 days. Approximately 3.1% of the company's stock are sold short.
View Global Partners' Short Interest.

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

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

Global Partners announced a quarterly dividend on Wednesday, January 24th. Investors 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 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date is Wednesday, February 7th. This is a boost from the stock's previous quarterly dividend of $0.69.
Read our dividend analysis for GLP.

Global Partners (NYSE:GLP) pays an annual dividend of $2.80 per share and currently has a dividend yield of 6.13%. 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.

ETFs with the largest weight of Global Partners (NYSE:GLP) stock in their portfolio include Global X MLP ETF (MLPA), Alerian MLP ETF (AMLP), Global SuperDividend US ETF (DIV), InfraCap MLP ETF (AMZA), Multi-Asset Diversified Income Index Fund (MDIV), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Goldman Sachs ETF Trust Goldman (GPOW) and Tortoise North American Pipeline Fund (TPYP).

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Global Partners investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), AT&T (T), NGL Energy Partners (NGL), Ares Capital (ARCC), Omega Healthcare Investors (OHI), Annaly Capital Management (NLY), GasLog Partners (GLOP), AGNC Investment (AGNC) and Iron Mountain (IRM).

Global Partners' stock is owned by a number of retail and institutional investors. Top institutional investors include Sanders Morris Harris LLC (0.05%). Insiders that own company stock include Clare Mcgrory Kelly, Global Gp Llc, Jaime Pereira, Jeremy Langhorn and Robert J Mccool.
View institutional ownership trends.

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.
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