Albert D. Mason lowered its position in Global Partners LP (NYSE:GLP) by 18.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The hedge fund owned 51,640 shares of the company’s stock after selling 11,969 shares during the period. Albert D. Mason’s holdings in Global Partners were worth $907,000 at the end of the most recent reporting period.

Separately, Commonwealth Equity Services raised its position in shares of Global Partners by 7.2% in the fourth quarter. Commonwealth Equity Services now owns 15,290 shares of the company’s stock worth $269,000 after buying an additional 1,027 shares during the period.

Global Partners LP (NYSE:GLP) opened at 18.46 on Tuesday. The stock has a market capitalization of $618.34 million and a price-to-earnings ratio of 8.90. The company has a 50-day moving average of $17.63 and a 200-day moving average of $27.59. Global Partners LP has a 52-week low of $14.09 and a 52-week high of $42.74.

Global Partners (NYSE:GLP) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.19. The business earned $2.49 billion during the quarter, compared to analysts’ expectations of $3.01 billion. The firm’s revenue for the quarter was down 38.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.50 EPS. Equities research analysts expect that Global Partners LP will post $1.36 EPS for the current year.

A number of equities analysts have recently issued reports on GLP shares. Zacks Investment Research lowered shares of Global Partners from a “buy” rating to a “hold” rating in a research report on Monday, October 12th. Barclays restated a “hold” rating and set a $33.00 target price (down from $36.00) on shares of Global Partners in a research report on Monday, November 9th. Mitsubishi UFJ Financial Group Inc restated a “neutral” rating on shares of Global Partners in a research report on Tuesday, December 8th. Finally, FBR & Co. lowered their target price on shares of Global Partners from $36.00 to $33.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $35.67.

In other Global Partners news, major shareholder Alfred A. Slifka sold 879,373 shares of the company’s stock in a transaction that occurred on Thursday, December 24th. The stock was sold at an average price of $17.20, for a total value of $15,125,215.60. Following the completion of the transaction, the insider now owns 50,110 shares in the company, valued at approximately $861,892. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Global Partners LP is a midstream logistics and marketing company that engages 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. The Company operates through three segments: Wholesale, Gasoline Distribution and Station Operations (NYSE:GLP), and Commercial. The Wholesale segment engages in the logistics of selling, gathering, storage and transportation of refined petroleum products, renewable fuels, crude oil and propane. The GDSO segment is engaged in gasoline distribution and station operations, such as convenience store, car wash and other ancillary sales. The Commercial segment includes sales and deliveries of unbranded gasoline, home heating oil, diesel, kerosene, residual oil, bunker fuel and natural gas. The Company’s product brands include Global, Diesel One and Heating Oil Plus.

12 Month Chart for NYSE:GLP

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