Global Partners LP (NYSE:GLP) shares were down 3.9% on Wednesday . The company traded as low as $15.17 and last traded at $15.28, with a volume of 111,393 shares. The stock had previously closed at $15.90.

A number of research analysts have weighed in on GLP shares. Zacks Investment Research lowered Global Partners from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Barclays PLC increased their target price on Global Partners from $14.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. cut their target price on Global Partners from $37.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Global Partners currently has a consensus rating of “Hold” and an average price target of $23.29.

The company’s market capitalization is $517.53 million. The stock’s 50 day moving average is $13.81 and its 200 day moving average is $13.59.

Global Partners (NYSE:GLP) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by $0.04. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.18 billion. The business’s revenue was down 19.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. Analysts anticipate that Global Partners LP will post ($0.54) earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Monday, August 8th were given a $0.4625 dividend. The ex-dividend date was Thursday, August 4th. This represents a $1.85 annualized dividend and a yield of 11.98%.

A hedge fund recently raised its stake in Global Partners stock. Morgan Stanley boosted its stake in Global Partners LP (NYSE:GLP) by 44.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 806,868 shares of the company’s stock after buying an additional 249,586 shares during the period. Morgan Stanley owned about 2.41% of Global Partners worth $14,177,000 at the end of the most recent quarter.

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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