Genesis Energy, L.P. (GEL) VP Garland G. Gaspard Sells 700 Shares

Genesis Energy, L.P. (NYSE:GEL) VP Garland G. Gaspard sold 700 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $20.57, for a total transaction of $14,399.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Genesis Energy, L.P. (GEL) traded up $0.27 during trading hours on Tuesday, reaching $21.37. 234,829 shares of the company’s stock traded hands, compared to its average volume of 673,032. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.62 and a quick ratio of 1.35. Genesis Energy, L.P. has a 52-week low of $19.85 and a 52-week high of $37.63. The stock has a market cap of $2,516.96, a P/E ratio of 29.94 and a beta of 1.07.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st will be issued a dividend of $0.51 per share. This is an increase from Genesis Energy’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a yield of 9.55%. The ex-dividend date is Tuesday, January 30th. Genesis Energy’s dividend payout ratio (DPR) is 287.33%.

Several institutional investors have recently added to or reduced their stakes in the business. OppenheimerFunds Inc. boosted its stake in shares of Genesis Energy by 7.3% during the 4th quarter. OppenheimerFunds Inc. now owns 15,839,475 shares of the pipeline company’s stock worth $354,012,000 after purchasing an additional 1,079,623 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Genesis Energy during the 4th quarter worth about $235,000. Virtu Financial LLC boosted its stake in shares of Genesis Energy by 200.5% during the 4th quarter. Virtu Financial LLC now owns 61,435 shares of the pipeline company’s stock worth $1,373,000 after purchasing an additional 40,989 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Genesis Energy by 10.1% during the 4th quarter. BlackRock Inc. now owns 891,136 shares of the pipeline company’s stock worth $19,917,000 after purchasing an additional 81,723 shares during the last quarter. Finally, Schroder Investment Management Group acquired a new stake in shares of Genesis Energy during the 4th quarter worth about $273,000. 74.36% of the stock is currently owned by institutional investors.

A number of equities analysts have commented on GEL shares. UBS Group cut their price objective on shares of Genesis Energy from $41.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. Barclays cut their price target on shares of Genesis Energy from $27.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, November 6th. Zacks Investment Research upgraded shares of Genesis Energy from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Thursday, November 9th. Robert W. Baird set a $29.00 price target on shares of Genesis Energy and gave the company a “buy” rating in a report on Friday, November 17th. Finally, ValuEngine upgraded shares of Genesis Energy from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $33.55.

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About Genesis Energy

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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