Analysts take a look at Global Partners LP (NYSE:GLP) having this to say.

June 17, 2018 - By wolcottdaily

Global Partners LP (NYSE:GLP) LogoInvestors sentiment decreased to 0.62 in Q1 2018. Its down 0.82, from 1.44 in 2017Q4. It worsened, as 5 investors sold Global Partners LP shares while 16 reduced holdings. 6 funds opened positions while 7 raised stakes. 13.89 million shares or 1.45% more from 13.69 million shares in 2017Q4 were reported.
Kayne Anderson Cap Advsr L P owns 2.30 million shares for 0.51% of their portfolio. Raymond James Trust Na reported 0.01% stake. Winslow Evans & Crocker holds 0% of its portfolio in Global Partners LP (NYSE:GLP) for 39,822 shares. Jpmorgan Chase & holds 763 shares. Massachusetts-based Acadian Asset Management Ltd Llc has invested 0% in Global Partners LP (NYSE:GLP). First Manhattan owns 0% invested in Global Partners LP (NYSE:GLP) for 1,500 shares. Bnp Paribas Arbitrage Sa owns 3,671 shares or 0% of their US portfolio. 25,233 were reported by Penbrook Management Llc. Citigroup holds 0% or 22,204 shares in its portfolio. Alphamark Ltd Liability Company owns 200 shares for 0% of their portfolio. Van Eck Associates stated it has 0.01% of its portfolio in Global Partners LP (NYSE:GLP). Hightower Advsr Limited Liability Company owns 0% invested in Global Partners LP (NYSE:GLP) for 17,660 shares. Huntington Retail Bank reported 1,000 shares. Spirit Of America Mgmt Corp New York has 0.24% invested in Global Partners LP (NYSE:GLP) for 118,012 shares. Baldwin Brothers Inc Ma invested in 19,500 shares or 0.05% of the stock.

Global Partners LP (NYSE:GLP) Ratings Coverage

Among 2 analysts covering Global Partners (NYSE:GLP), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Global Partners had 3 analyst reports since March 12, 2018 according to SRatingsIntel. The stock of Global Partners LP (NYSE:GLP) has “Equal-Weight” rating given on Monday, March 12 by Barclays Capital. The rating was downgraded by Stifel Nicolaus on Tuesday, March 13 to “Hold”. As per Tuesday, April 17, the company rating was maintained by Barclays Capital. Below is a list of Global Partners LP (NYSE:GLP) latest ratings and price target changes.

17/04/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $18 New Target: $17 Maintain
13/03/2018 Broker: Stifel Nicolaus Rating: Hold Downgrade
12/03/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $19 New Target: $18 Maintain

The stock decreased 2.05% or $0.35 during the last trading session, reaching $16.75. About 96,619 shares traded or 39.81% up from the average. Global Partners LP (NYSE:GLP) has declined 8.76% since June 17, 2017 and is downtrending. It has underperformed by 21.33% the S&P500.

Global Partners LP, a midstream logistics and marketing company, distributes gasoline, distillates, residual oil, and renewable fuels to wholesalers, retailers, and commercial clients in the New England states and New York. The company has market cap of $567.53 million. It operates in three divisions: Wholesale, Gasoline Distribution and Station Operations, and Commercial. It has a 9.64 P/E ratio. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks.

Another recent and important Global Partners LP (NYSE:GLP) news was published by which published an article titled: “Global Partners Announces Agreement to Acquire Convenience Stores and Gas Stations from Cheshire Oil Company” on May 30, 2018.

Global Partners LP (NYSE:GLP) Institutional Positions Chart

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