Global Partners Insider Global Gp Llc Buys 5,100 Shares (GLP)
Global Partners (NYSE:GLP) Insider Global Gp Llc bought 5,100 shares of Global Partners stock in a transaction dated Friday, May 30th. The stock was purchased at an average price of $40.68 per share, for a total transaction of $207,468.00. Following the completion of the acquisition, the insider now directly owns 199,216 shares in the company, valued at approximately $8,104,107. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Global Partners (NYSE:GLP) traded down 1.17% during mid-day trading on Monday, hitting $40.49. 32,326 shares of the company’s stock traded hands. Global Partners has a 52 week low of $30.01 and a 52 week high of $42.50. The stock’s 50-day moving average is $40.21 and its 200-day moving average is $37.57. The company has a market cap of $1.104 billion and a price-to-earnings ratio of 9.63.
Global Partners (NYSE:GLP) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.72. The company had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter last year, the company posted $0.51 earnings per share. Global Partners’s revenue was down 8.5% compared to the same quarter last year. On average, analysts predict that Global Partners will post $2.54 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on GLP shares. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Global Partners in a research note on Monday. They now have a $41.00 price target on the stock, up previously from $35.00. Separately, analysts at Zacks upgraded shares of Global Partners from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 22nd. They now have a $43.20 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Global Partners from $37.00 to $40.00 in a research note on Monday, May 12th. They now have an “equal weight” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $41.80.
Global Partners LP is engaged in purchasing, storing, terminalling, transporting and selling refined petroleum products, renewable fuels and crude oil.
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