Global Partners LP (NYSE:GLP) shares shot up 2.2% during mid-day trading on Thursday . The company traded as high as $15.55 and last traded at $15.50, with a volume of 75,275 shares changing hands. The stock had previously closed at $15.16.

A number of research firms have recently issued reports on GLP. Barclays PLC lifted their target price on shares of Global Partners from $14.00 to $16.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 16th. Zacks Investment Research cut shares of Global Partners from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $23.29.

The company’s market capitalization is $519.54 million. The firm has a 50-day moving average of $14.35 and a 200-day moving average of $13.62.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Monday, August 8th were given a dividend of $0.4625 per share. The ex-dividend date of this dividend was Thursday, August 4th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 11.94%.

An institutional investor recently raised its position in Global Partners stock. Morgan Stanley raised its position in Global Partners LP (NYSE:GLP) by 44.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 806,868 shares of the company’s stock after buying an additional 249,586 shares during the period. Morgan Stanley owned approximately 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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