Genesis Energy, L.P. (NYSE:GEL) General Counsel Kristen O. Jesulaitis bought 5,000 shares of the stock in a transaction dated Monday, August 12th. The shares were purchased at an average cost of $19.97 per share, for a total transaction of $99,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of GEL stock opened at $20.14 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.24 and a debt-to-equity ratio of 2.19. Genesis Energy, L.P. has a 52 week low of $17.55 and a 52 week high of $25.52. The stock has a market capitalization of $2.49 billion, a PE ratio of -251.75 and a beta of 1.25. The firm has a 50 day moving average of $22.14 and a two-hundred day moving average of $22.17.

Genesis Energy (NYSE:GEL) last issued its quarterly earnings results on Tuesday, August 6th. The pipeline company reported $0.17 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. Genesis Energy had a net margin of 1.15% and a return on equity of 7.09%. The company had revenue of $634.80 million during the quarter, compared to analysts’ expectations of $685.95 million. During the same quarter last year, the company posted ($0.05) EPS. The firm’s revenue was down 15.6% compared to the same quarter last year. Analysts expect that Genesis Energy, L.P. will post 0.46 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were given a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $2.20 annualized dividend and a yield of 10.92%. Genesis Energy’s dividend payout ratio is presently -2,750.00%.

A number of hedge funds have recently modified their holdings of GEL. Invesco Ltd. raised its holdings in shares of Genesis Energy by 113,645.7% in the 2nd quarter. Invesco Ltd. now owns 17,975,234 shares of the pipeline company’s stock valued at $393,657,000 after purchasing an additional 17,959,431 shares in the last quarter. OppenheimerFunds Inc. raised its stake in Genesis Energy by 6.7% during the 1st quarter. OppenheimerFunds Inc. now owns 17,676,730 shares of the pipeline company’s stock worth $411,868,000 after acquiring an additional 1,108,673 shares in the last quarter. RR Advisors LLC raised its stake in Genesis Energy by 25.0% during the 1st quarter. RR Advisors LLC now owns 3,290,000 shares of the pipeline company’s stock worth $76,564,000 after acquiring an additional 657,000 shares in the last quarter. Bank of Montreal Can raised its stake in Genesis Energy by 138.5% during the 2nd quarter. Bank of Montreal Can now owns 1,488,421 shares of the pipeline company’s stock worth $32,596,000 after acquiring an additional 864,406 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Genesis Energy by 12.3% during the 2nd quarter. BlackRock Inc. now owns 1,488,041 shares of the pipeline company’s stock worth $32,587,000 after acquiring an additional 163,141 shares in the last quarter. 74.18% of the stock is owned by institutional investors.

GEL has been the subject of several research analyst reports. Raymond James downgraded shares of Genesis Energy from an “outperform” rating to a “market perform” rating in a research report on Wednesday, June 26th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Genesis Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 9th. Royal Bank of Canada reissued a “buy” rating and issued a $27.00 price target on shares of Genesis Energy in a research note on Thursday, August 8th. Finally, ValuEngine cut shares of Genesis Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 7th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $27.00.

Genesis Energy Company Profile

Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company's Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations; and in the deep water pipeline servicing in the southern Keathley Canyon area of the Gulf of Mexico.

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