Genesis Energy, L.P. (NYSE:GEL) Director James E. Davison acquired 50,000 shares of Genesis Energy, L.P. stock in a transaction dated Friday, November 17th. The shares were acquired at an average price of $21.48 per share, with a total value of $1,074,000.00. Following the completion of the purchase, the director now owns 2,405,994 shares in the company, valued at $51,680,751.12. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Genesis Energy, L.P. (NYSE GEL) opened at $21.69 on Thursday. Genesis Energy, L.P. has a one year low of $20.59 and a one year high of $37.88. The stock has a market cap of $2,616.21, a PE ratio of 23.21, a P/E/G ratio of 2.75 and a beta of 1.18. The company has a quick ratio of 1.35, a current ratio of 1.62 and a debt-to-equity ratio of 1.80.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were given 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 dividend payout ratio (DPR) is presently 281.69%.

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A number of equities analysts have recently commented on the stock. BidaskClub downgraded shares of Genesis Energy, L.P. from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Janney Montgomery Scott set a $30.00 price objective on shares of Genesis Energy, L.P. and gave the stock a “buy” rating in a research note on Friday, October 13th. Robert W. Baird set a $29.00 price objective on shares of Genesis Energy, L.P. and gave the stock a “buy” rating in a research note on Friday, October 13th. Royal Bank Of Canada cut their target price on shares of Genesis Energy, L.P. from $34.00 to $28.00 and set a “sector perform” rating for the company in a research note on Friday, October 13th. Finally, Zacks Investment Research upgraded shares of Genesis Energy, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.45.

A number of hedge funds have recently modified their holdings of GEL. Alps Advisors Inc. lifted its position in Genesis Energy, L.P. by 11.3% during the third quarter. Alps Advisors Inc. now owns 8,713,795 shares of the pipeline company’s stock worth $229,608,000 after acquiring an additional 881,434 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Genesis Energy, L.P. by 46.1% during the third quarter. JPMorgan Chase & Co. now owns 2,202,594 shares of the pipeline company’s stock worth $57,642,000 after acquiring an additional 695,436 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in Genesis Energy, L.P. by 4.4% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 10,312,699 shares of the pipeline company’s stock worth $327,222,000 after acquiring an additional 431,059 shares during the last quarter. Kayne Anderson Capital Advisors LP acquired a new stake in Genesis Energy, L.P. during the third quarter worth approximately $9,404,000. Finally, Cannell Peter B & Co. Inc. lifted its position in Genesis Energy, L.P. by 74.5% during the second quarter. Cannell Peter B & Co. Inc. now owns 775,690 shares of the pipeline company’s stock worth $24,613,000 after acquiring an additional 331,225 shares during the last quarter. Hedge funds and other institutional investors own 66.72% of the company’s stock.

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)

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