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 the company’s stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average cost of $11.25 per share, with a total value of $11,250.00. Following the completion of the acquisition, the insider now owns 22,500 shares in the company, valued at $253,125. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Genesis Energy Stock Performance

Genesis Energy stock opened at $10.79 on Wednesday. The stock’s fifty day moving average price is $12.82 and its two-hundred day moving average price is $13.22. Genesis Energy, L.P. has a one year low of $10.01 and a one year high of $15.17. The company has a debt-to-equity ratio of 5.13, a quick ratio of 0.91 and a current ratio of 1.03.

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

Genesis Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 31st will be given a dividend of $0.165 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.66 dividend on an annualized basis and a yield of 6.12%. This is a positive change from Genesis Energy’s previous quarterly dividend of $0.15. Genesis Energy’s payout ratio is currently -89.19%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Genesis Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning acquired a new position in shares of Genesis Energy in the 2nd quarter valued at about $43,591,000. Chickasaw Capital Management LLC increased its holdings in Genesis Energy by 6.5% during the 2nd quarter. Chickasaw Capital Management LLC now owns 4,291,499 shares of the pipeline company’s stock worth $61,411,000 after purchasing an additional 262,784 shares in the last quarter. ING Groep NV increased its holdings in Genesis Energy by 15.1% during the 3rd quarter. ING Groep NV now owns 762,700 shares of the pipeline company’s stock worth $10,197,000 after purchasing an additional 100,000 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Genesis Energy in the second quarter valued at approximately $1,073,000. Finally, Pekin Hardy Strauss Inc. purchased a new position in Genesis Energy in the second quarter valued at approximately $1,013,000. Institutional investors 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.