Genesis Energy, L.P. (NYSE:GEL) CFO Robert V. Deere acquired 45,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average cost of $21.71 per share, with a total value of $976,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Genesis Energy, L.P. (GEL) opened at $21.69 on Friday. The firm has a market capitalization of $2,657.88, a P/E ratio of 23.58, a P/E/G ratio of 2.80 and a beta of 1.18. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.35 and a current ratio of 1.62. Genesis Energy, L.P. has a fifty-two week low of $20.59 and a fifty-two week high of $37.88.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Investors 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 yield of 9.22%. Genesis Energy, L.P.’s payout ratio is currently 281.69%.

TRADEMARK VIOLATION NOTICE: “Genesis Energy, L.P. (GEL) CFO Buys $976,950.00 in Stock” was published by Watch List News and is the property of of Watch List News. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.watchlistnews.com/genesis-energy-l-p-gel-cfo-buys-976950-00-in-stock/1723314.html.

Large investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC lifted its holdings in Genesis Energy, L.P. by 1.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,111,760 shares of the pipeline company’s stock worth $35,276,000 after purchasing an additional 16,712 shares during the last quarter. Cannell Peter B & Co. Inc. lifted its holdings in Genesis Energy, L.P. by 74.5% during the 2nd quarter. Cannell Peter B & Co. Inc. now owns 775,690 shares of the pipeline company’s stock worth $24,613,000 after purchasing an additional 331,225 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in Genesis Energy, L.P. by 54.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 305,560 shares of the pipeline company’s stock worth $9,695,000 after purchasing an additional 107,225 shares during the last quarter. Girard Partners LTD. acquired a new stake in Genesis Energy, L.P. during the 2nd quarter worth approximately $317,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Genesis Energy, L.P. by 3.0% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 259,963 shares of the pipeline company’s stock worth $8,249,000 after acquiring an additional 7,572 shares during the period. 66.72% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on GEL. Janney Montgomery Scott set a $30.00 price objective on Genesis Energy, L.P. and gave the company a “buy” rating in a research report on Friday, October 13th. BidaskClub cut Genesis Energy, L.P. from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Barclays PLC raised Genesis Energy, L.P. from an “underweight” rating to an “equal weight” rating and cut their price objective for the company from $31.00 to $27.00 in a research report on Friday, October 13th. Zacks Investment Research raised Genesis Energy, L.P. from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Thursday, November 9th. Finally, Royal Bank Of Canada cut their price objective on Genesis Energy, L.P. from $34.00 to $28.00 and set a “sector perform” rating for the company in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $33.45.

Genesis Energy, L.P. 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, L.P. (NYSE:GEL)

Receive News & Ratings for Genesis Energy L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesis Energy L.P. and related companies with Analyst Ratings Network's FREE daily email newsletter.