Bank of America buys 36,399 shares as Global Partners stock sits 14.42 percent below its high
Published on 10/06/2026 at 06:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Global Partners (US37946R1095) sits 14.42 percent below its USD 54.29 52-week high on the latest NYSE quote, while Bank of America bought 36,399 shares in the second quarter, as MarketBeat reported on October 5, 2026. The filing adds an institutional ownership angle to a stock whose latest quarterly earnings delivered a mixed operating picture.
Institutional buying meets mixed results
MarketBeat reported that Bank of America acquired the position during the second quarter, valuing it at USD 264,000 and giving the bank 0.11 percent of Global Partners. Institutional investors and hedge funds held 38.12 percent of the stock in the same report.
For the second quarter of 2026, Global Partners reported USD 1.86 in earnings per share against USD 1.24 consensus, a USD 0.62 beat. Revenue reached USD 6.79 billion, below the USD 7.51 billion consensus estimate, according to MarketBeat.
Dividend income remains a key metric
Global Partners raised its quarterly dividend to USD 0.78 from USD 0.7650, an increase of 1.96 percent. The annualized payout is USD 3.12 and the reported yield is 6.70 percent, giving income investors a concrete counterweight to the revenue shortfall.
The company operates across energy supply, logistics and retail. Its investor-relations page lists 54 petroleum bulk product terminals, 22 million barrels of storage capacity and 290 company-operated convenience stores, according to Global Partners. That asset base links the earnings result to physical infrastructure rather than to a single fuel market.
NYSE quote stays below yearly high
The latest available NYSE quote was USD 46.46 on October 5, 2026 at 4:00 p.m. ET. The USD 1.58 billion market capitalization and USD 39.58 to USD 54.29 52-week range place the stock near the middle of its annual trading band, while the MarketBeat consensus target of USD 46.00 sits below the latest quote. The combination of earnings above consensus, revenue below expectations and a higher dividend leaves operating growth and distribution income pulling in different directions.
Global Partners stock facts
- Company: Global Partners LP
- ISIN: US37946R1095
- Ticker: GLP
- Primary exchange: NYSE
- NYSE price: USD 46.46 (as of October 5, 2026, 4:00 p.m. ET)
- Market capitalization: USD 1.6 billion (as of October 5, 2026)
- 52-week range: USD 39.58-54.29 (as of October 5, 2026)
- Sector / Industry: Energy / Oil and Gas Midstream
