Genesis Energy, L.P. (NYSE:GEL) VP Richard R. Alexander bought 5,500 shares of the company’s stock in a transaction on Monday, December 4th. The shares were bought at an average cost of $22.66 per share, for a total transaction of $124,630.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Genesis Energy, L.P. (NYSE GEL) traded down $0.11 on Tuesday, hitting $22.33. The stock had a trading volume of 919,125 shares, compared to its average volume of 540,812. Genesis Energy, L.P. has a 12-month low of $20.43 and a 12-month high of $37.88. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.35 and a current ratio of 1.62. The stock has a market cap of $2,722.82, a price-to-earnings ratio of 24.15 and a beta of 1.15.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $2.00 annualized dividend and a dividend yield of 8.96%. Genesis Energy’s dividend payout ratio is presently 281.69%.

Several analysts have issued reports on GEL shares. Zacks Investment Research raised Genesis Energy from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Thursday, November 9th. Barclays decreased their price objective on Genesis Energy from $27.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, November 6th. UBS decreased their price objective on Genesis Energy from $41.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. Robert W. Baird set a $29.00 price objective on Genesis Energy and gave the company a “buy” rating in a report on Friday, November 17th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $34.00 price objective on shares of Genesis Energy in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $33.45.

Several institutional investors and hedge funds have recently modified their holdings of GEL. Cutter & CO Brokerage Inc. raised its stake in Genesis Energy by 1.5% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 9,643 shares of the pipeline company’s stock worth $306,000 after acquiring an additional 146 shares during the last quarter. Hodges Capital Management Inc. raised its stake in Genesis Energy by 1.9% in the 2nd quarter. Hodges Capital Management Inc. now owns 10,500 shares of the pipeline company’s stock worth $333,000 after acquiring an additional 200 shares during the last quarter. M&T Bank Corp raised its stake in Genesis Energy by 0.7% in the 2nd quarter. M&T Bank Corp now owns 33,435 shares of the pipeline company’s stock worth $1,060,000 after acquiring an additional 245 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Genesis Energy by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,897 shares of the pipeline company’s stock worth $124,000 after acquiring an additional 271 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in Genesis Energy by 2.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 15,433 shares of the pipeline company’s stock worth $490,000 after acquiring an additional 351 shares during the last quarter. Hedge funds and other institutional investors own 73.52% of the company’s stock.

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Genesis Energy Company Profile

Genesis Energy L.P. is a limited partnership focused on the midstream segment of the oil and gas industry. The Company operates through four segments: Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of crude oil and natural gas in the Gulf of Mexico.

Insider Buying and Selling by Quarter for Genesis Energy (NYSE:GEL)

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