Richard R. Alexander Purchases 5,500 Shares of Genesis Energy, L.P. (GEL) Stock

Genesis Energy, L.P. (NYSE:GEL) VP Richard R. Alexander acquired 5,500 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were acquired at an average price of $22.66 per share, for a total transaction of $124,630.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Genesis Energy, L.P. (NYSE GEL) traded down $0.61 on Thursday, hitting $21.72. The company’s stock had a trading volume of 629,500 shares, compared to its average volume of 541,189. The firm has a market capitalization of $2,736.30, a PE ratio of 24.27 and a beta of 1.15. Genesis Energy, L.P. has a 12 month low of $20.43 and a 12 month high of $37.88. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.35 and a current ratio of 1.62.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.21%. The ex-dividend date was Monday, October 30th. Genesis Energy’s dividend payout ratio is presently 281.69%.

A number of research analysts recently weighed in on the company. Janney Montgomery Scott set a $30.00 target price on Genesis Energy and gave the company a “buy” rating in a report on Friday, October 13th. BidaskClub cut Genesis Energy from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. Barclays upgraded Genesis Energy from an “underweight” rating to an “equal weight” rating and reduced their target price for the company from $31.00 to $27.00 in a report on Friday, October 13th. Zacks Investment Research upgraded Genesis Energy from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Thursday, November 9th. Finally, Royal Bank Of Canada reduced their target price on Genesis Energy from $34.00 to $28.00 and set a “sector perform” rating on the stock in a report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Genesis Energy currently has a consensus rating of “Hold” and an average price target of $33.45.

Several institutional investors and hedge funds have recently modified their holdings of the business. Tortoise Capital Advisors L.L.C. lifted its stake in shares of Genesis Energy by 4.4% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 10,312,699 shares of the pipeline company’s stock worth $327,222,000 after purchasing an additional 431,059 shares in the last quarter. Alps Advisors Inc. lifted its stake in shares of Genesis Energy by 11.3% during the third quarter. Alps Advisors Inc. now owns 8,713,795 shares of the pipeline company’s stock worth $229,608,000 after purchasing an additional 881,434 shares in the last quarter. RR Advisors LLC lifted its stake in shares of Genesis Energy by 3.6% during the third quarter. RR Advisors LLC now owns 2,401,000 shares of the pipeline company’s stock worth $63,243,000 after purchasing an additional 84,000 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Genesis Energy by 46.1% during the third quarter. JPMorgan Chase & Co. now owns 2,202,594 shares of the pipeline company’s stock worth $57,642,000 after purchasing an additional 695,436 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Genesis Energy by 3.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,482,312 shares of the pipeline company’s stock worth $47,034,000 after purchasing an additional 53,656 shares in the last quarter. Institutional investors own 73.52% of the company’s stock.

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About Genesis Energy

Genesis Energy L.P. is a limited partnership focused on the midstream segment of the oil and gas industry. The Company operates through four segments: Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of crude oil and natural gas in the Gulf of Mexico.

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