Genesis Energy, L.P. (NYSE:GEL) Insider Ryan S. Sims Buys 1,000 Shares

Genesis Energy, L.P. (NYSE:GEL) insider Ryan S. Sims acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $12.95 per share, for a total transaction of $12,950.00. Following the transaction, the insider now owns 23,500 shares of the company’s stock, valued at approximately $304,325. This represents a 4.44 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Genesis Energy Trading Up 1.7 %

Shares of GEL stock opened at $13.24 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 5.13. Genesis Energy, L.P. has a 1 year low of $9.86 and a 1 year high of $15.17. The firm’s fifty day simple moving average is $11.41 and its 200 day simple moving average is $11.90. The firm has a market capitalization of $1.62 billion, a P/E ratio of -10.67 and a beta of 1.92.

Genesis Energy (NYSE:GEL) last released its earnings results on Thursday, February 13th. The pipeline company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.53). Genesis Energy had a negative net margin of 2.16% and a negative return on equity of 7.71%. The company had revenue of $725.55 million during the quarter.

Genesis Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.165 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 4.99%. Genesis Energy’s dividend payout ratio is -53.23%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company increased their target price on shares of Genesis Energy from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 5th.

Hedge Funds Weigh In On Genesis Energy

Several large investors have recently made changes to their positions in the company. ING Groep NV increased its holdings in shares of Genesis Energy by 15.1% in the third quarter. ING Groep NV now owns 762,700 shares of the pipeline company’s stock worth $10,197,000 after acquiring an additional 100,000 shares in the last quarter. BBR Partners LLC bought a new stake in shares of Genesis Energy in the third quarter valued at about $648,000. Infrastructure Capital Advisors LLC raised its position in Genesis Energy by 1.0% in the 3rd quarter. Infrastructure Capital Advisors LLC now owns 780,212 shares of the pipeline company’s stock valued at $10,431,000 after buying an additional 7,604 shares during the last quarter. Captrust Financial Advisors lifted its stake in Genesis Energy by 2.9% in the 3rd quarter. Captrust Financial Advisors now owns 31,720 shares of the pipeline company’s stock valued at $424,000 after acquiring an additional 900 shares in the last quarter. Finally, Murchinson Ltd. acquired a new stake in shares of Genesis Energy in the third quarter valued at approximately $1,005,000. Institutional investors and hedge funds own 66.82% of the company’s stock.

About Genesis Energy

Genesis Energy, L.P. provides integrated suite of midstream services in crude oil and natural gas industry in the United States. It operates through Offshore Pipeline Transportation, Soda and Sulfur Services, Marine Transportation, and Onshore Facilities and Transportation segments. The Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations, as well as deep water pipeline servicing.