Shares of Global Partners LP (NYSE:GLP) fell 4% on Thursday . The stock traded as low as $13.03 and last traded at $13.05, with a volume of 96,133 shares. The stock had previously closed at $13.59.

Several research firms have recently weighed in on GLP. Barclays PLC reaffirmed a “hold” rating on shares of Global Partners in a report on Saturday, May 14th. Zacks Investment Research raised shares of Global Partners from a “sell” rating to a “hold” rating in a report on Tuesday, May 10th. JPMorgan Chase & Co. dropped their price objective on shares of Global Partners from $37.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, April 19th. Finally, TheStreet lowered shares of Global Partners from a “hold” rating to a “sell” rating in a report on Friday, March 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.00.

The stock’s 50-day moving average price is $13.40 and its 200 day moving average price is $14.23. The firm has a market cap of $438.40 million and a PE ratio of 726.67.

Global Partners (NYSE:GLP) last posted its quarterly earnings data on Monday, May 9th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.08. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The firm’s revenue for the quarter was down 41.2% on a year-over-year basis. Equities analysts predict that Global Partners LP will post ($0.53) EPS for the current year.

Other hedge funds have bought and sold shares of the company. Morgan Stanley increased its stake in Global Partners by 44.8% in the fourth quarter. Morgan Stanley now owns 806,868 shares of the company’s stock worth $14,177,000 after buying an additional 249,586 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of Global Partners during the fourth quarter valued at approximately $3,464,000. GSA Capital Partners LLP boosted its position in shares of Global Partners by 92.0% in the fourth quarter. GSA Capital Partners LLP now owns 96,600 shares of the company’s stock valued at $1,697,000 after buying an additional 46,300 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Global Partners during the fourth quarter valued at approximately $1,025,000.

Global Partners LP is a midstream logistics and marketing company. The Company 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.

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