Global Partners LP (NYSE:GLP) was the target of unusually large options trading on Monday. Investors purchased 1,059 put options on the stock. This represents an increase of 872% compared to the average daily volume of 109 put options.

Global Partners (GLP) opened at $16.55 on Thursday. Global Partners has a 1-year low of $15.60 and a 1-year high of $21.95. The company has a current ratio of 1.52, a quick ratio of 0.93 and a debt-to-equity ratio of 2.95. The firm has a market capitalization of $555.83, a PE ratio of 36.20 and a beta of 1.09.

Global Partners (NYSE:GLP) last posted its earnings results on Wednesday, November 8th. The energy company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.19. Global Partners had a positive return on equity of 3.95% and a negative net margin of 0.28%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period last year, the company earned ($3.54) earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. equities research analysts anticipate that Global Partners will post 1.27 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu KCG Holdings LLC bought a new position in Global Partners during the second quarter valued at about $187,000. JPMorgan Chase & Co. raised its holdings in Global Partners by 448.7% during the second quarter. JPMorgan Chase & Co. now owns 10,436 shares of the energy company’s stock valued at $188,000 after buying an additional 8,534 shares in the last quarter. Commonwealth Equity Services Inc raised its holdings in Global Partners by 28.9% during the third quarter. Commonwealth Equity Services Inc now owns 16,171 shares of the energy company’s stock valued at $281,000 after buying an additional 3,624 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Global Partners by 0.9% during the second quarter. Wells Fargo & Company MN now owns 17,412 shares of the energy company’s stock valued at $314,000 after buying an additional 154 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in Global Partners during the second quarter valued at about $451,000. Institutional investors own 39.92% of the company’s stock.

GLP has been the subject of several recent research reports. Zacks Investment Research lowered Global Partners from a “hold” rating to a “sell” rating in a report on Friday, November 10th. TheStreet upgraded Global Partners from a “d+” rating to a “c” rating in a report on Thursday, November 30th. J P Morgan Chase & Co restated a “neutral” rating on shares of Global Partners in a report on Tuesday, November 21st. Finally, BidaskClub upgraded Global Partners from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Global Partners presently has an average rating of “Hold” and a consensus target price of $19.00.

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About Global Partners

Global Partners LP is a midstream logistics and marketing company. It is engaged in the purchasing, selling, storing and logistics of transporting petroleum and related products, including gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane.

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