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

Genesis Energy, L.P. (NYSE:GEL) insider Ryan S. Sims purchased 1,000 shares of Genesis Energy stock in a transaction dated Friday, November 8th. The shares were purchased at an average cost of $11.25 per share, for a total transaction of $11,250.00. Following the transaction, the insider now owns 22,500 shares in the company, valued at approximately $253,125. This trade represents a 4.65 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Genesis Energy Price Performance

Shares of NYSE GEL opened at $11.52 on Friday. The company has a market cap of $1.41 billion, a PE ratio of -15.57 and a beta of 2.12. The stock has a fifty day moving average price of $12.75 and a 200 day moving average price of $13.20. The company has a debt-to-equity ratio of 5.13, a current ratio of 1.03 and a quick ratio of 0.91. Genesis Energy, L.P. has a 1-year low of $10.01 and a 1-year high of $15.17.

Genesis Energy (NYSE:GEL) last issued its earnings results on Thursday, October 31st. The pipeline company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.22). The company had revenue of $714.30 million during the quarter. Genesis Energy had a negative net margin of 0.09% and a negative return on equity of 0.31%. During the same period in the previous year, the business posted $0.29 earnings per share.

Genesis Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were paid a $0.165 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.66 dividend on an annualized basis and a yield of 5.73%. This is a positive change from Genesis Energy’s previous quarterly dividend of $0.15. Genesis Energy’s dividend payout ratio is presently -89.19%.

Institutional Trading of Genesis Energy

Large investors have recently made changes to their positions in the stock. Paragon Associates & Paragon Associates II Joint Venture purchased a new stake in shares of Genesis Energy in the first quarter valued at $111,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Genesis Energy during the third quarter worth approximately $139,000. Van ECK Associates Corp increased its holdings in Genesis Energy by 17.4% in the 2nd quarter. Van ECK Associates Corp now owns 20,777 shares of the pipeline company’s stock valued at $297,000 after purchasing an additional 3,073 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Genesis Energy by 4.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 33,435 shares of the pipeline company’s stock valued at $372,000 after buying an additional 1,550 shares in the last quarter. Finally, Axiom Advisory LLC grew its position in Genesis Energy by 2.8% in the third quarter. Axiom Advisory LLC now owns 29,382 shares of the pipeline company’s stock valued at $400,000 after acquiring an additional 794 shares in the last quarter. Institutional investors and hedge funds own 66.82% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on GEL shares. Royal Bank of Canada upped their price objective on shares of Genesis Energy from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Capital One Financial raised Genesis Energy from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 1st. Finally, StockNews.com lowered Genesis Energy from a “hold” rating to a “sell” rating in a report on Monday, August 5th.

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.