Were Analysts Bullish Global Partners LP (NYSE:GLP) This Week?

May 29, 2018 - By Kurt Siggers

Global Partners LP (NYSE:GLP) LogoInvestors sentiment decreased to 0.62 in Q1 2018. Its down 0.82, from 1.44 in 2017Q4. It fall, 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.
Wells Fargo & Mn has 0% invested in Global Partners LP (NYSE:GLP). Acadian Asset Mngmt Ltd Limited Liability Company reported 23,002 shares. Penbrook Management has invested 0.39% in Global Partners LP (NYSE:GLP). Moors & Cabot Inc stated it has 11,388 shares. Peak6 Invests L P invested in 2,505 shares or 0% of the stock. Goldman Sachs Group Inc reported 1.03M shares. The Florida-based Texas Yale has invested 0.03% in Global Partners LP (NYSE:GLP). Cutler Cap Mgmt Ltd Llc owns 14,100 shares or 0.09% of their US portfolio. Moreover, Raymond James Tru Na has 0.01% invested in Global Partners LP (NYSE:GLP) for 10,000 shares. Natl Bank Of Ny Mellon Corp has 22,110 shares. Citigroup Inc invested 0% in Global Partners LP (NYSE:GLP). California Employees Retirement Systems reported 149,199 shares stake. Alphamark Advisors Llc holds 0% or 200 shares. Geode Capital Mgmt Ltd reported 0% in Global Partners LP (NYSE:GLP). Savings Bank Of America De reported 0% of its portfolio in Global Partners LP (NYSE:GLP).

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 firm has “Hold” rating by Stifel Nicolaus given on Tuesday, March 13. The firm has “Equal-Weight” rating given on Tuesday, April 17 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 0.71% or $0.12 during the last trading session, reaching $17.58. About 3,336 shares traded. Global Partners LP (NYSE:GLP) has declined 8.76% since May 29, 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 $595.49 million. It operates in three divisions: Wholesale, Gasoline Distribution and Station Operations, and Commercial. It has a 10.12 P/E ratio. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks.

More recent Global Partners LP (NYSE:GLP) news were published by: Streetinsider.com which released: “Global Partners (GLP) Reports Acquisition of Retail Fuel and Jiffy Mart Convenience Store Assets in Vermont & New …” on May 17, 2018. Also Benzinga.com published the news titled: “Earnings Scheduled For May 9, 2018” on May 09, 2018. Businesswire.com‘s news article titled: “Global Partners to Acquire Retail Fuel and Jiffy Mart Convenience Store Assets in Vermont and New Hampshire from …” with publication date: May 17, 2018 was also an interesting one.

Global Partners LP (NYSE:GLP) Institutional Positions Chart

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