Global Partners LP (NYSE:GLP) is expected to pay $0.46 on Nov 14, 2016. The indicated annual dividend is $1.85. Shareholders owning the stock before Nov 4, 2016 will be eligible to receive the payout. Based on Global Partners LP’s current price of $15.35, the dividend is 3.02%. This dividend’s record date is Nov 8, 2016 and the announcement date is Oct 27, 2016. The stock decreased 2.23% or $0.35 on November 2, hitting $15.35. Global Partners LP (NYSE:GLP) has risen 15.36% since April 1, 2016 and is uptrending. It has outperformed by 14.14% the S&P500.
Global Partners LP is a midstream logistics and marketing company. The company has a market cap of $520.18 million. The Firm is engaged in the purchasing, selling and logistics of transporting petroleum and related products, including domestic and Canadian crude oil, gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, natural gas and propane. It currently has negative earnings. It operates through three divisions: Wholesale, Gasoline Distribution and Station Operations , and Commercial.
Insitutional Activity: The institutional sentiment increased to 0.81 in Q2 2016. Its up 0.07, from 0.74 in 2016Q1. The ratio improved, as 9 funds sold all Global Partners LP shares owned while 18 reduced positions. 5 funds bought stakes while 17 increased positions. They now own 11.55 million shares or 8.88% less from 12.68 million shares in 2016Q1.
Creative Planning holds 15,000 shares or 0% of its portfolio. Alphamark Advisors Limited Liability Company has 24,620 shares for 0.2% of their US portfolio. Huntington Savings Bank last reported 0% of its portfolio in the stock. Finemark Bancorp owns 2,063 shares or 0% of their US portfolio. Susquehanna Gp Ltd Liability Partnership accumulated 0% or 42,958 shares. Moreover, Moors Cabot has 0.03% invested in Global Partners LP (NYSE:GLP) for 11,688 shares. Clearbridge Invests Limited Liability Company accumulated 0% or 203,670 shares. Global X Mgmt Ltd Limited Liability Company holds 0.01% or 8,338 shares in its portfolio. Moreover, Next Fin Group has 0.03% invested in Global Partners LP (NYSE:GLP) for 5,825 shares. Gsa Partners Llp accumulated 101,800 shares or 0.08% of the stock. Moreover, Toronto Dominion Bancorp has 0% invested in Global Partners LP (NYSE:GLP) for 1,481 shares. Bnp Paribas Arbitrage Sa has invested 0% of its portfolio in Global Partners LP (NYSE:GLP). Van Eck reported 286,369 shares or 0.02% of all its holdings. Guggenheim Ltd holds 0% or 81,650 shares in its portfolio. Winslow Evans And Crocker reported 20,528 shares or 0% of all its holdings.
Global Partners LP (NYSE:GLP) Ratings Coverage
Out of 6 analysts covering Global Partners (NYSE:GLP), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. $43.0 is the highest target while $16 is the lowest. The $26.50 average target is 72.64% above today’s ($15.35) stock price. Global Partners has been the topic of 10 analyst reports since August 8, 2015 according to StockzIntelligence Inc. Stifel Nicolaus initiated Global Partners LP (NYSE:GLP) on Tuesday, February 23 with “Hold” rating. Mitsubishi UFJ downgraded Global Partners LP (NYSE:GLP) on Friday, January 29 to “Neutral” rating. The firm has “Outperform” rating by RBC Capital Markets given on Friday, September 4. JP Morgan maintained Global Partners LP (NYSE:GLP) on Tuesday, April 19 with “Neutral” rating. The company was downgraded on Saturday, August 8 by TheStreet. The stock of Global Partners LP (NYSE:GLP) has “Equal-Weight” rating given on Tuesday, August 16 by Barclays Capital. The stock of Global Partners LP (NYSE:GLP) earned “Mkt Perform” rating by FBR Capital on Wednesday, November 11.
GLP Company Profile
Global Partners LP, incorporated on March 2, 2005, is a midstream logistics and marketing company. The Firm is engaged in the purchasing, selling and logistics of transporting petroleum and related products, including domestic and Canadian crude oil, gasoline and gasoline blendstocks, such as ethanol, distillates, such as home heating oil, diesel and kerosene, residual oil, renewable fuels, natural gas and propane. The Firm operates through three divisions: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. The Firm owns, controls or has access to a terminal network of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, New Hampshire, Rhode Island, New York, New Jersey and Pennsylvania (collectively, the Northeast). The Firm also owns transload and storage terminals in North Dakota and Oregon that extend its origin-to-destination capabilities from the mid-continent region of the United States and Canada to the East and West Coasts. The Firm is a distributor of gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial clients in the New England states and New York.
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