Is there a Bearish outlook for Global Partners LP (NYSE:GLP) this week?

March 14, 2018 - By Clifton Ray

 Is there a Bearish outlook for Global Partners LP (NYSE:GLP) this week?
Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.13, from 1.04 in 2017Q2. It worsened, as 7 investors sold Global Partners LP shares while 15 reduced holdings. 5 funds opened positions while 15 raised stakes. 13.20 million shares or 0.07% less from 13.21 million shares in 2017Q2 were reported.
Texas Yale holds 0.04% of its portfolio in Global Partners LP (NYSE:GLP) for 23,550 shares. Sumitomo Mitsui Trust holds 23,000 shares or 0% of its portfolio. The New York-based Retail Bank Of Ny Mellon Corp has invested 0% in Global Partners LP (NYSE:GLP). Hite Hedge Asset Mngmt Limited Liability Corporation reported 671,242 shares. Morgan Stanley reported 3.48M shares. Bnp Paribas Arbitrage holds 3,671 shares. Arrow Advisors Ltd Limited Liability Company accumulated 40,807 shares. Alphamark Advsrs Ltd Liability Co has invested 0% in Global Partners LP (NYSE:GLP). North Carolina-based Bancorporation Of America Corporation De has invested 0% in Global Partners LP (NYSE:GLP). Clearbridge Invs Lc stated it has 0% of its portfolio in Global Partners LP (NYSE:GLP). Ontario – Canada-based Toronto Dominion Retail Bank has invested 0% in Global Partners LP (NYSE:GLP). Manufacturers Life Insur The invested in 0% or 2,046 shares. Albert D Mason Inc holds 35,546 shares. Winslow Evans Crocker reported 0.24% in Global Partners LP (NYSE:GLP). Jpmorgan Chase And Co owns 10,436 shares.

Global Partners LP (NYSE:GLP) Ratings Coverage

Among 8 analysts covering Global Partners (NYSE:GLP), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. Global Partners had 20 analyst reports since August 8, 2015 according to SRatingsIntel. The stock of Global Partners LP (NYSE:GLP) earned “Neutral” rating by Janney Capital on Friday, June 23. Stifel Nicolaus maintained Global Partners LP (NYSE:GLP) rating on Wednesday, August 9. Stifel Nicolaus has “Buy” rating and $2000 target. The stock has “Buy” rating by Stifel Nicolaus on Thursday, July 27. The firm has “Outperform” rating given on Friday, September 4 by RBC Capital Markets. The rating was maintained by Stifel Nicolaus on Thursday, June 22 with “Buy”. The firm has “Hold” rating by J.P. Morgan given on Tuesday, November 21. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, March 10 report. As per Monday, March 12, the company rating was maintained by Barclays Capital. The rating was maintained by JP Morgan on Tuesday, April 19 with “Neutral”. The rating was downgraded by TheStreet to “Buy” on Saturday, August 8. Below is a list of Global Partners LP (NYSE:GLP) latest ratings and price target changes.

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
21/11/2017 Broker: J.P. Morgan Rating: Hold New Target: $19.0 Initiate

The stock decreased 3.16% or $0.55 during the last trading session, reaching $16.85. About 125,295 shares traded or 74.66% up from the average. Global Partners LP (NYSE:GLP) has risen 51.68% since March 14, 2017 and is uptrending. It has outperformed by 34.98% 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 $570.79 million. It operates in three divisions: Wholesale, Gasoline Distribution and Station Operations, and Commercial. It has a 9.7 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: which released: “Global Partners LP’s (GLP) CEO Eric Slifka on Q4 2017 Results – Earnings Call …” on March 08, 2018. Also published the news titled: “Stifel Downgrades Global Partners, LP (GLP) to Hold” on March 13, 2018.‘s news article titled: “Global Partners LP (GLP) Files 10-K for the Fiscal Year Ended on December 31, 2017” with publication date: March 10, 2018 was also an interesting one.

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