<div id="readability-page-1"><p>Global Partners (NYSE:GLP - Get Free Report) issued its quarterly earnings results on Friday. The energy company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.09 by ($0.43), Zacks reports. Global Partners had a net margin of 0.64% and a return on equity of 17.95%. The company had revenue of $4.69 billion for the quarter, compared to analyst estimates of $7.21 billion.</p><div><p><span></span><span>Get <strong>Global Partners</strong> alerts:</span></p></div><h2>Global Partners Price Performance</h2><p>Shares of NYSE:GLP traded down $2.27 during trading on Friday, reaching $42.24. 85,305 shares of the company's stock traded hands, compared to its average volume of 65,442. The company has a quick ratio of 0.70, a current ratio of 1.18 and a debt-to-equity ratio of 2.74. Global Partners has a fifty-two week low of $39.70 and a fifty-two week high of $60.00. The company has a 50-day simple moving average of $47.85 and a 200-day simple moving average of $50.38. The firm has a market cap of $1.44 billion, a PE ratio of 16.25 and a beta of 0.98. </p><h2>Global Partners Increases Dividend</h2><p>The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Monday, November 10th will be paid a dividend of $0.755 per share. This represents a $3.02 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Monday, November 10th. This is an increase from Global Partners's previous quarterly dividend of $0.75. Global Partners's dividend payout ratio  is currently 116.15%. </p><h2>Analysts Set New Price Targets</h2><p>A number of equities analysts recently issued reports on the company. Weiss Ratings  restated a &#34;buy (b-)&#34; rating on shares of Global Partners in a research note on Wednesday, October 8th. Zacks Research cut Global Partners from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research note on Monday, October 6th. Finally, Wall Street Zen downgraded Global Partners from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a report on Saturday. One investment analyst  has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of &#34;Hold&#34; and a consensus target price of $56.00.</p><p><b>Get Our Latest Report on Global Partners</b></p><h2>Insider Transactions at Global Partners</h2><p>In other news, COO Mark Romaine sold 9,000 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $51.44, for a total value of $462,960.00. Following the completion of the sale, the chief operating officer directly owned 130,531 shares in the company, valued at $6,714,514.64. The trade was a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is available through this link. Corporate insiders own  41.50% of the company's stock. </p><h2>Institutional Investors Weigh In On Global Partners</h2><p>A number of institutional investors have recently added to or reduced their stakes in GLP. Bank of America Corp DE lifted its holdings in  Global Partners by 0.9% during the second quarter. Bank of America Corp DE now owns 137,822 shares of the energy company's stock valued at $7,267,000 after purchasing an additional 1,227 shares in the last quarter.  Jane Street Group LLC purchased a new position in  Global Partners in the 1st quarter valued at $862,000.  Geneos Wealth Management Inc. lifted its holdings in  Global Partners by 89.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 4,245 shares of the energy company's stock valued at $224,000 after purchasing an additional 2,000 shares in the last quarter.  Finally, PNC Financial Services Group Inc. acquired a new stake in  Global Partners during the 3rd quarter worth $48,000. Institutional investors and hedge funds own  38.12% of the company's stock. </p><h2>Global Partners Company Profile</h2> (Get Free Report)<p>Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial.</p><h2>See Also</h2><ul><li>Five stocks we like better than Global Partners</li><li>What Investors Need to Know About Upcoming IPOs</li><li>Rivian’s Chart Says Go, But Some Analysts Still Say No</li><li>Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index</li><li>e.l.f. Sell-Off Is a Good Time to Buy, According to Analysts</li><li>P/E Ratio Calculation: How to Assess Stocks</li><li>T-Mobile Is The Most Oversold Mega-Cap Stock—Time to Buy?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdMUA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdMUA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Global Partners Right Now?</h2><p>Before you consider Global Partners, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Global Partners wasn't on the list.</p><p>While Global Partners currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Global Partners (NYSE:GLP) reported quarterly earnings of $0.66 EPS, missing estimates of $1.09. Revenue was $4.69 billion, below the expected $7.21 billion. The company announced a dividend increase to $0.755 per share, with a yield of 7.2%. Analysts have mixed ratings, with a consensus rating of "Hold" and a target price of $56.00. Institutional investors hold 38.12% of the stock. COO Mark Romaine sold 9,000 shares recently, reducing his ownership by 6.45%.</p>

Global Partners (NYSE:GLP) Announces Quarterly Earnings Results