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

Genesis Energy, L.P. (NYSE:GEL) insider Ryan S. Sims acquired 1,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $12.95 per share, with a total value of $12,950.00. Following the acquisition, 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 filing with the SEC, which is accessible through this hyperlink.

Genesis Energy Stock Performance

Shares of Genesis Energy stock opened at $13.24 on Friday. Genesis Energy, L.P. has a 12 month low of $9.86 and a 12 month high of $15.17. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 5.13. The company has a market capitalization of $1.62 billion, a PE ratio of -10.67 and a beta of 1.92. The stock’s fifty day simple moving average is $11.46 and its 200 day simple moving average is $11.88.

Genesis Energy (NYSE:GEL) last released its quarterly 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 announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date was Friday, January 31st. Genesis Energy’s dividend payout ratio (DPR) is currently -53.23%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Genesis Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ING Groep NV raised its holdings in Genesis Energy by 12.1% during the fourth quarter. ING Groep NV now owns 855,000 shares of the pipeline company’s stock worth $8,644,000 after acquiring an additional 92,300 shares in the last quarter. BBR Partners LLC bought a new stake in shares of Genesis Energy during the 3rd quarter worth approximately $648,000. Manning & Napier Advisors LLC raised its stake in shares of Genesis Energy by 40.0% during the 4th quarter. Manning & Napier Advisors LLC now owns 350,000 shares of the pipeline company’s stock worth $3,538,000 after purchasing an additional 100,000 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of Genesis Energy in the 4th quarter valued at approximately $920,000. Finally, Stifel Financial Corp grew its stake in shares of Genesis Energy by 10.8% in the third quarter. Stifel Financial Corp now owns 18,722 shares of the pipeline company’s stock valued at $250,000 after buying an additional 1,819 shares in the last quarter. 66.82% of the stock is currently owned by institutional investors and hedge funds.

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.