Global Partners Hikes Payout - Analyst Blog
2013年1月24日 - 12:40AM
Zacks
Petroleum products distributor
Global Partners L.P. (GLP) raised its fourth
quarter 2012 cash distribution to 57 cents per unit ($2.28 per unit
annualized), representing an increase of approximately 7%
sequentially and 14% year over year.
Global Partners’ announced distribution boost is in sync with its
goal of delivering disciplined growth to unitholders. The
partnership boasts a consistent and improving financial policy with
high distribution coverage. Global Partners’ new distribution is
payable on Feb 14 to unitholders of record as on Feb 5, 2013.
Waltham, Massachusetts-based Global Partners L.P. is a publicly
traded master limited partnership that distributes refined
petroleum products to customers in the northeastern U.S. It
possesses one of the largest networks of refined petroleum
terminals in the region. Additionally, Global Partners supplies
fuel to approximately 800 retail gas stations in nine northeastern
states.
Global Partners – which entered into a five-year oil transportation
and logistics agreement with refiner Phillips 66
(PSX) earlier this month – currently retains a Zacks Rank #1
(Strong Buy), implying that it is expected to significantly
outperform the broader U.S. equity market over the next one to
three months.
It's not too often one can find a stock with big earnings growth
and a high yield. But in the case of Global Partners, an estimated
long-term earnings growth projection of 47% coalesces with an 8%
distribution. Presently trading near its 52-week high, units of
this #1 Ranked partnership have climbed nearly 20% during the past
month. With accretive acquisitions, incremental growth projects and
a PEG ratio of less than 1.0, Global Partners looks like a solid
aggressive play with a potential for further upside.
In addition to Global Partners, there are certain other downstream
energy operators like Northern Tier Energy L.P.
(NTI) and CVR Energy Inc. (CVI) that offer value
and are worth buying now. Both these firms sport a Zacks Rank #1
(Strong Buy).
CVR ENERGY INC (CVI): Free Stock Analysis Report
GLOBAL PARTNERS (GLP): Free Stock Analysis Report
NORTHERN TIER (NTI): Free Stock Analysis Report
PHILLIPS 66 (PSX): Free Stock Analysis Report
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