US Bancorp DE lifted its holdings in Global Partners LP (NYSE:GLP – Free Report) by 54.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,425 shares of the energy company’s stock after acquiring an additional 500 shares during the quarter. US Bancorp DE’s holdings in Global Partners were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Albert D Mason Inc. raised its holdings in shares of Global Partners by 11.8% in the 4th quarter. Albert D Mason Inc. now owns 5,440 shares of the energy company’s stock worth $253,000 after purchasing an additional 575 shares during the period. SVB Wealth LLC bought a new stake in shares of Global Partners in the 4th quarter worth approximately $330,000. Stifel Financial Corp raised its holdings in shares of Global Partners by 7.3% in the 3rd quarter. Stifel Financial Corp now owns 31,750 shares of the energy company’s stock worth $1,478,000 after purchasing an additional 2,166 shares during the period. ING Groep NV bought a new stake in shares of Global Partners in the 4th quarter worth approximately $1,536,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Global Partners by 9,171.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 70,464 shares of the energy company’s stock worth $3,281,000 after purchasing an additional 69,704 shares during the period. Institutional investors own 38.12% of the company’s stock.
Global Partners Trading Up 0.1 %
Shares of GLP stock opened at $54.79 on Tuesday. The company’s fifty day simple moving average is $54.41 and its two-hundred day simple moving average is $50.34. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.14 and a quick ratio of 0.64. Global Partners LP has a 1 year low of $37.00 and a 1 year high of $60.00. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 16.55 and a beta of 1.53.
Global Partners Increases Dividend
Wall Street Analysts Forecast Growth
Separately, Stifel Nicolaus cut shares of Global Partners from a “buy” rating to a “hold” rating and lifted their price target for the stock from $54.00 to $56.00 in a report on Tuesday, March 4th.
View Our Latest Research Report on Global Partners
Global Partners Company Profile
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.
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Want to see what other hedge funds are holding GLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Partners LP (NYSE:GLP – Free Report).
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