Genesis Energy, L.P. (NYSE:GEL) Shares Bought by Tortoise Capital Advisors L.L.C.

Tortoise Capital Advisors L.L.C. raised its position in Genesis Energy, L.P. (NYSE:GEL) by 15.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,416,522 shares of the pipeline company’s stock after purchasing an additional 597,390 shares during the quarter. Tortoise Capital Advisors L.L.C. owned about 3.60% of Genesis Energy worth $90,450,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its holdings in shares of Genesis Energy by 77.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,756,382 shares of the pipeline company’s stock worth $76,931,000 after acquiring an additional 1,642,098 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its holdings in shares of Genesis Energy by 6.4% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 785,065 shares of the pipeline company’s stock valued at $16,078,000 after buying an additional 47,365 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Genesis Energy by 2.2% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 636,705 shares of the pipeline company’s stock valued at $13,040,000 after buying an additional 13,652 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Genesis Energy by 2.1% in the 4th quarter. Bank of America Corp DE now owns 549,825 shares of the pipeline company’s stock valued at $11,260,000 after buying an additional 11,514 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Genesis Energy by 19.0% in the 4th quarter. First Trust Advisors LP now owns 345,092 shares of the pipeline company’s stock valued at $7,067,000 after buying an additional 54,977 shares in the last quarter. Institutional investors own 71.77% of the company’s stock.

NYSE:GEL traded down $0.19 during trading hours on Thursday, reaching $3.42. 2,459,790 shares of the company’s stock were exchanged, compared to its average volume of 1,800,556. The firm has a market capitalization of $442.51 million, a price-to-earnings ratio of 20.12 and a beta of 1.72. The company has a 50-day moving average of $11.02 and a 200 day moving average of $18.10. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 2.40. Genesis Energy, L.P. has a 1-year low of $2.58 and a 1-year high of $23.92.

Genesis Energy (NYSE:GEL) last released its earnings results on Wednesday, February 19th. The pipeline company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.02. Genesis Energy had a net margin of 3.87% and a return on equity of 7.76%. The company had revenue of $604.33 million during the quarter, compared to analysts’ expectations of $697.50 million. During the same quarter last year, the business earned ($0.35) EPS. The business’s revenue was down 12.3% on a year-over-year basis. Research analysts forecast that Genesis Energy, L.P. will post 0.08 EPS for the current fiscal year.

In other Genesis Energy news, VP Ryan S. Sims bought 3,000 shares of the company’s stock in a transaction on Friday, February 21st. The stock was purchased at an average cost of $13.83 per share, for a total transaction of $41,490.00. Following the acquisition, the vice president now owns 14,102 shares of the company’s stock, valued at approximately $195,030.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward T. Flynn bought 10,584 shares of the company’s stock in a transaction on Friday, February 21st. The shares were acquired at an average price of $13.83 per share, with a total value of $146,376.72. Following the completion of the acquisition, the insider now directly owns 59,500 shares in the company, valued at approximately $822,885. The disclosure for this purchase can be found here. Insiders bought a total of 190,157 shares of company stock valued at $1,172,057 in the last quarter. Insiders own 0.72% of the company’s stock.

Several brokerages have recently issued reports on GEL. Zacks Investment Research upgraded shares of Genesis Energy from a “strong sell” rating to a “hold” rating in a report on Thursday, February 20th. ValuEngine cut shares of Genesis Energy from a “buy” rating to a “hold” rating in a report on Monday, March 9th. UBS Group upgraded shares of Genesis Energy from a “neutral” rating to a “buy” rating in a research note on Monday, March 16th. Finally, Wells Fargo & Co cut shares of Genesis Energy from an “equal weight” rating to an “underweight” rating and set a $21.00 price target for the company. in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $21.75.

Genesis Energy Company Profile

Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company's Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations; and in the deep water pipeline servicing in the southern Keathley Canyon area of the Gulf of Mexico.

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Institutional Ownership by Quarter for Genesis Energy (NYSE:GEL)

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