Genesis Energy, L.P. (NYSE:GEL) Director Kenneth M. Jastrow II bought 15,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were acquired at an average price of $22.32 per share, for a total transaction of $334,800.00. Following the acquisition, the director now owns 50,000 shares in the company, valued at approximately $1,116,000. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Genesis Energy, L.P. (NYSE:GEL) traded down $0.48 during trading hours on Wednesday, reaching $22.12. The company’s stock had a trading volume of 628,100 shares, compared to its average volume of 555,803. Genesis Energy, L.P. has a fifty-two week low of $20.43 and a fifty-two week high of $37.88. The company has a current ratio of 1.62, a quick ratio of 1.35 and a debt-to-equity ratio of 1.80. The stock has a market cap of $2,710.00, a price-to-earnings ratio of 24.57 and a beta of 1.15.

A number of large investors have recently modified their holdings of GEL. Chicago Partners Investment Group LLC raised its position in Genesis Energy by 342.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,351 shares of the pipeline company’s stock worth $115,000 after buying an additional 3,367 shares during the last quarter. Ffcm LLC raised its position in Genesis Energy by 205.4% in the 2nd quarter. Ffcm LLC now owns 3,573 shares of the pipeline company’s stock worth $116,000 after buying an additional 2,403 shares during the last quarter. The Manufacturers Life Insurance Company raised its position 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 buying an additional 271 shares during the last quarter. Pathstone Family Office LLC purchased a new position in Genesis Energy in the 2nd quarter worth about $133,000. Finally, Bank of Montreal Can raised its position in Genesis Energy by 13.0% in the 2nd quarter. Bank of Montreal Can now owns 4,959 shares of the pipeline company’s stock worth $158,000 after buying an additional 570 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently commented on the stock. Royal Bank of Canada restated a “hold” rating and set a $34.00 target price on shares of Genesis Energy in a report on Wednesday, September 27th. Robert W. Baird set a $29.00 price target on shares of Genesis Energy and gave the stock a “buy” rating in a research note on Friday, October 13th. Janney Montgomery Scott set a $30.00 price target on shares of Genesis Energy and gave the stock a “buy” rating in a research note on Friday, October 13th. Barclays upgraded shares of Genesis Energy from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $31.00 to $27.00 in a research note on Friday, October 13th. Finally, UBS dropped their price target on shares of Genesis Energy from $41.00 to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $33.45.

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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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