Insider Buying: Genesis Energy, L.P. (NYSE:GEL) VP Purchases 2,261 Shares of Stock

Genesis Energy, L.P. (NYSE:GEL) VP Garland G. Gaspard purchased 2,261 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average cost of $13.27 per share, with a total value of $30,003.47. Following the completion of the transaction, the vice president now owns 19,525 shares in the company, valued at $259,096.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Genesis Energy Trading Up 0.8 %

Genesis Energy stock opened at $13.45 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.90 and a debt-to-equity ratio of 4.39. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 39.56 and a beta of 2.11. Genesis Energy, L.P. has a 12 month low of $8.90 and a 12 month high of $15.17. The business’s fifty day simple moving average is $13.76 and its two-hundred day simple moving average is $12.47.

Genesis Energy (NYSE:GEL) last issued its quarterly earnings data on Thursday, August 1st. The pipeline company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.22). Genesis Energy had a return on equity of 8.12% and a net margin of 2.34%. The firm had revenue of $756.26 million during the quarter. During the same period in the prior year, the firm earned $0.22 earnings per share.

Genesis Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st will be given a $0.15 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.46%. Genesis Energy’s payout ratio is currently 176.47%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of Genesis Energy during the fourth quarter valued at about $46,000. Sowell Financial Services LLC increased its stake in Genesis Energy by 11.6% in the 4th quarter. Sowell Financial Services LLC now owns 84,926 shares of the pipeline company’s stock worth $983,000 after acquiring an additional 8,800 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of Genesis Energy during the 4th quarter worth approximately $5,401,000. Van ECK Associates Corp lifted its position in Genesis Energy by 123.9% during the fourth quarter. Van ECK Associates Corp now owns 27,963 shares of the pipeline company’s stock valued at $324,000 after purchasing an additional 15,472 shares during the last quarter. Finally, Jump Financial LLC grew its position in Genesis Energy by 35.2% in the fourth quarter. Jump Financial LLC now owns 76,934 shares of the pipeline company’s stock worth $891,000 after acquiring an additional 20,034 shares in the last quarter. Hedge funds and other institutional investors own 66.82% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Genesis Energy from a “hold” rating to a “sell” rating in a research note on Monday.

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.