Global Partners LP (GLP) Forms $17.60 Double Bottom; Cushing Asset Management LP Has Decreased By $570,000 Its Bp Plc (BP) Position

Cushing Asset Management Lp decreased Bp Plc (BP) stake by 5.7% reported in 2017Q3 SEC filing. Cushing Asset Management Lp sold 15,000 shares as Bp Plc (BP)’s stock rose 10.53%. The Cushing Asset Management Lp holds 248,258 shares with $9.54 million value, down from 263,258 last quarter. Bp Plc now has $136.43B valuation. The stock increased 0.14% or $0.06 during the last trading session, reaching $43.1. About 3.85 million shares traded. BP p.l.c. (NYSE:BP) has risen 15.51% since January 6, 2017 and is uptrending. It has underperformed by 1.19% the S&P500.

Global Partners LP (GLP) formed double bottom with $17.07 target or 3.00% below today’s $17.60 share price. Global Partners LP (GLP) has $596.19M valuation. The stock decreased 1.68% or $0.3 during the last trading session, reaching $17.6. About 74,460 shares traded or 36.75% up from the average. Global Partners LP (NYSE:GLP) has risen 51.68% since January 6, 2017 and is uptrending. It has outperformed by 34.98% the S&P500.

Among 8 analysts covering Global Partners (NYSE:GLP), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Global Partners has $43.0 highest and $16 lowest target. $23.29’s average target is 32.33% above currents $17.6 stock price. Global Partners had 18 analyst reports since August 8, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the shares of GLP in report on Tuesday, February 7 with “Buy” rating. The stock of Global Partners LP (NYSE:GLP) has “Buy” rating given on Wednesday, August 9 by Stifel Nicolaus. The firm has “Outperform” rating by RBC Capital Markets given on Friday, September 4. The rating was maintained by Stifel Nicolaus on Friday, March 10 with “Buy”. The stock of Global Partners LP (NYSE:GLP) earned “Hold” rating by Stifel Nicolaus on Tuesday, February 23. Janney Capital initiated the stock with “Neutral” rating in Friday, June 23 report. The company was downgraded on Saturday, August 8 by TheStreet. The stock has “Hold” rating by J.P. Morgan on Tuesday, November 21. The stock of Global Partners LP (NYSE:GLP) has “Buy” rating given on Thursday, September 14 by Stifel Nicolaus. Barclays Capital maintained Global Partners LP (NYSE:GLP) rating on Tuesday, August 16. Barclays Capital has “Equal-Weight” rating and $16 target.

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.13, from 1.04 in 2017Q2. It fall, as 7 investors sold Global Partners LP shares while 15 reduced holdings. 5 funds opened positions while 15 raised stakes. 13.20 million shares or 0.07% less from 13.21 million shares in 2017Q2 were reported. Us National Bank & Trust De accumulated 355 shares or 0% of the stock. National Bank & Trust Of America De holds 0% or 325,241 shares. Metropolitan Life Insurance Ny invested 0.01% of its portfolio in Global Partners LP (NYSE:GLP). Arrow Invest Advisors Limited Liability Company accumulated 40,807 shares. Clearbridge Limited Liability Corporation has 0% invested in Global Partners LP (NYSE:GLP). Hite Hedge Asset Mgmt Ltd Liability holds 671,242 shares or 3.02% of its portfolio. California Pub Employees Retirement holds 146,900 shares or 0% of its portfolio. Goldman Sachs Gru stated it has 0% in Global Partners LP (NYSE:GLP). Sumitomo Mitsui Trust Holdg Inc stated it has 23,000 shares. Toronto Dominion State Bank invested in 17 shares. California-based Wells Fargo & Mn has invested 0% in Global Partners LP (NYSE:GLP). Commonwealth Equity owns 16,171 shares. 17,660 are owned by Hightower Advsrs Limited Liability Com. Northwestern Mutual Wealth reported 62 shares stake. Texas Yale holds 0.04% or 23,550 shares.

Analysts await Global Partners LP (NYSE:GLP) to report earnings on March, 8. They expect $0.13 EPS, up 134.21% or $0.51 from last year’s $-0.38 per share. GLP’s profit will be $4.40 million for 33.85 P/E if the $0.13 EPS becomes a reality. After $0.44 actual EPS reported by Global Partners LP for the previous quarter, Wall Street now forecasts -70.45% negative EPS growth.

Among 29 analysts covering BP (NYSE:BP), 19 have Buy rating, 2 Sell and 8 Hold. Therefore 66% are positive. BP has $46.0 highest and $33 lowest target. $40.61’s average target is -5.78% below currents $43.1 stock price. BP had 52 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Underperform” rating on Friday, June 30 by Bank of America. The stock of BP p.l.c. (NYSE:BP) has “Buy” rating given on Friday, August 4 by Piper Jaffray. The firm has “Hold” rating given on Tuesday, October 24 by Cowen & Co. The company was maintained on Monday, July 11 by Jefferies. The stock has “Outperform” rating by BNP Paribas on Tuesday, October 11. The firm has “Buy” rating given on Monday, June 12 by J.P. Morgan. The rating was downgraded by Citigroup on Wednesday, April 19 to “Neutral”. BMO Capital Markets initiated the shares of BP in report on Monday, September 28 with “Outperform” rating. The stock of BP p.l.c. (NYSE:BP) has “Hold” rating given on Wednesday, July 26 by Societe Generale. On Thursday, October 19 the stock rating was maintained by Jefferies with “Hold”.

Cushing Asset Management Lp increased Western Gas Equity Partners (NYSE:WGP) stake by 176,472 shares to 951,187 valued at $39.17 million in 2017Q3. It also upped Propetro Hldg Corp stake by 76,672 shares and now owns 390,073 shares. Callon Pete Co Del (NYSE:CPE) was raised too.

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