Global Partners LP Company Profile (NYSE:GLP)

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

Global Partners LP announced a quarterly dividend on Friday, July 28th. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.463 per share on Monday, August 14th. This represents a $1.85 annualized dividend and a dividend yield of 11.43%. The ex-dividend date of this dividend is Monday, August 7th. View Global Partners LP's Dividend History.

Global Partners LP (NYSE:GLP) issued its earnings results on Wednesday, August, 9th. The company reported $0.07 EPS for the quarter, topping the Zacks' consensus estimate of $0.05 by $0.02. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.15 billion. Global Partners LP had a negative net margin of 1.83% and a positive return on equity of 0.21%. Global Partners LP's quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the firm posted ($0.22) earnings per share. View Global Partners LP's Earnings History.

Global Partners LP is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Global Partners LP.

4 brokers have issued 1-year target prices for Global Partners LP's shares. Their forecasts range from $16.00 to $20.00. On average, they anticipate Global Partners LP's share price to reach $18.00 in the next twelve months. View Analyst Ratings for Global Partners LP.

Here are some recent quotes from research analysts about Global Partners LP stock:

• 1. 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. " (8/11/2017)
• 2. 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)

Some companies that are related to Global Partners LP include Ngl Energy Partners Lp (NGL), Carrizo Oil & Gas (CRZO), Oil States International (OIS), CVR Refining, LP (CVRR), Tidewater (TDW), Forum Energy Technologies (FET), Canadian Solar (CSIQ), USA Compression Partners, LP (USAC), Halcon Resources Corporation (HK), VTTI Energy Partners LP (VTTI), Noble Midstream Partners LP (NBLX), PBF Logistics LP (PBFX), NCS Multistage Holdings (NCSM), Nustar GP Holdings, LLC (NSH), Golar LNG Partners LP (GMLP), Archrock Partners, L.P. (APLP), Exterran Corporation (EXTN) and Unit Corporation (UNT).

Global Partners LP's management team includes the folowing people:

• Richard Slifka, Chairman of the Board of the General Partner
• Eric Slifka, President, Chief Executive Officer, Director of the General Partner
• Daphne H. Foster, Chief Financial Officer, Director of the General Partner
• Mark A. Romaine, Chief Operating Officer of the General Partner
• Edward J. Faneuil, Executive Vice President, General Counsel, Secretary of the General Partner
• Andrew Slifka, Executive Vice President, Director of the General Partner
• Charles A. Rudinsky, Executive Vice President, Chief Accounting Officer, Co-Director - Mergers & Acquisitions
• Robert J. McCool, Independent Director of the General Partner
• David K. McKown, Independent Director of the General Partner
• Kenneth I. Watchmaker, Independent Director of the General Partner

Global Partners LP's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Kayne Anderson Capital Advisors LP (5.35%), Goldman Sachs Group Inc. (2.80%), HITE Hedge Asset Management LLC (1.92%), Royal Bank of Canada (0.89%), Advisory Research Inc. (0.65%) and California Public Employees Retirement System (0.43%). Company insiders that own Global Partners LP stock include Alfred A Slifka, Daphne H Foster and Global Gp Llc. View Institutional Ownership Trends for Global Partners LP.

Global Partners LP's stock was sold by a variety of institutional investors in the last quarter, including Royal Bank of Canada, Arrow Investment Advisors LLC, Van ECK Associates Corp, Albert D Mason Inc., Citigroup Inc., Raymond James Financial Services Advisors Inc. and Bank of New York Mellon Corp. View Insider Buying and Selling for Global Partners LP.

Global Partners LP's stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Kayne Anderson Capital Advisors LP, GSA Capital Partners LLP, HITE Hedge Asset Management LLC, Winslow Evans & Crocker Inc., Bank of Montreal Can, Cutler Capital Management LLC and Acadian Asset Management LLC. Company insiders that have bought Global Partners LP stock in the last two years include Daphne H Foster and Global Gp Llc. View Insider Buying and Selling for Global Partners LP.

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.

One share of Global Partners LP stock can currently be purchased for approximately $16.20.