Global Partners
About: Global Partners LP is an U.S.-based limited partnership that acts as a midstream logistics and marketing company. It is mainly engaged in purchasing, selling, storing and logistics of transporting petroleum and related products. The company owns and operates and control terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, and other places. It distributes gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane to wholesalers, retailers and commercial customers. The company operates through three segments i.e. Wholesale, Gasoline Distribution and Station Operations and Commercial. It generates maximum revenue from the Wholesale segment.
Employees: 5,060
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
29% more call options, than puts
Call options by funds: $2.07M | Put options by funds: $1.61M
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
8% more capital invested
Capital invested by funds: $588M [Q1] → $638M (+$49.9M) [Q2]
2.25% more ownership
Funds ownership: 39.31% [Q1] → 41.56% (+2.25%) [Q2]
2% more funds holding
Funds holding: 102 [Q1] → 104 (+2) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]
21% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 28
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Stifel Selman Akyol 81% 1-year accuracy 17 / 21 met price target | 9%upside $51 | Buy Maintained | 9 Aug 2024 |