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

Genesis Energy, L.P. (NYSE:GEL) insider Ryan S. Sims bought 1,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $12.95 per share, with a total value of $12,950.00. Following the purchase, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Genesis Energy Price Performance

Shares of GEL opened at $13.24 on Friday. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -10.67 and a beta of 1.92. The stock has a 50 day moving average of $11.41 and a 200-day moving average of $11.90. 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 52 week low of $9.86 and a 52 week high of $15.17.

Genesis Energy (NYSE:GEL) last announced its quarterly earnings results on Thursday, February 13th. The pipeline company reported ($0.58) EPS 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 firm had revenue of $725.55 million during the quarter.

Genesis Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend was Friday, January 31st. Genesis Energy’s dividend payout ratio is presently -53.23%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised their price objective on Genesis Energy from $12.00 to $15.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 5th.

Hedge Funds Weigh In On Genesis Energy

A number of hedge funds have recently modified their holdings of GEL. Millburn Ridgefield Corp acquired a new position in shares of Genesis Energy in the 3rd quarter valued at $59,000. F M Investments LLC purchased a new stake in shares of Genesis Energy in the 4th quarter valued at approximately $122,000. Ameriprise Financial Inc. acquired a new position in Genesis Energy in the 4th quarter worth approximately $126,000. Stifel Financial Corp grew its position in Genesis Energy by 10.8% during the 3rd quarter. Stifel Financial Corp now owns 18,722 shares of the pipeline company’s stock worth $250,000 after purchasing an additional 1,819 shares in the last quarter. Finally, Mutual Advisors LLC lifted its holdings in shares of Genesis Energy by 101.8% in the fourth quarter. Mutual Advisors LLC now owns 31,912 shares of the pipeline company’s stock valued at $341,000 after purchasing an additional 16,099 shares in the last quarter. 66.82% of the stock is currently owned by institutional investors and hedge funds.

Genesis Energy Company Profile

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.