Genesis Energy, L.P. (NYSE:GEL) Insider Acquires $11,250.00 in Stock

Genesis Energy, L.P. (NYSE:GEL - Get Free Report) insider Ryan S. Sims bought 1,000 shares of the business's stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average price of $11.25 per share, for a total transaction of $11,250.00. Following the completion of the purchase, the insider now directly owns 22,500 shares of the company's stock, valued at approximately $253,125. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Genesis Energy Price Performance

Shares of NYSE:GEL traded down $0.45 on Tuesday, reaching $10.79. 577,632 shares of the company traded hands, compared to its average volume of 381,958. The company has a debt-to-equity ratio of 5.13, a current ratio of 1.03 and a quick ratio of 0.96. The stock has a market capitalization of $1.32 billion, a PE ratio of -15.16 and a beta of 2.12. Genesis Energy, L.P. has a fifty-two week low of $10.01 and a fifty-two week high of $15.17. The company's 50 day moving average is $12.88 and its 200-day moving average is $13.23.

Genesis Energy (NYSE:GEL - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The pipeline company reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.22). Genesis Energy had a negative return on equity of 0.31% and a negative net margin of 0.09%. The firm had revenue of $714.30 million for the quarter. During the same period in the previous year, the business posted $0.29 earnings per share.

Genesis Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 31st will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 6.12%. This is an increase from Genesis Energy's previous quarterly dividend of $0.15. The ex-dividend date is Thursday, October 31st. Genesis Energy's dividend payout ratio (DPR) is presently -89.19%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. StockNews.com lowered Genesis Energy from a "hold" rating to a "sell" rating in a report on Monday, August 5th. Capital One Financial upgraded shares of Genesis Energy from an "equal weight" rating to an "overweight" rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada lifted their price target on shares of Genesis Energy from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of GEL. Creative Planning purchased a new position in Genesis Energy in the second quarter valued at about $43,591,000. Chickasaw Capital Management LLC raised its position in shares of Genesis Energy by 6.5% in the second quarter. Chickasaw Capital Management LLC now owns 4,291,499 shares of the pipeline company's stock valued at $61,411,000 after buying an additional 262,784 shares in the last quarter. ING Groep NV boosted its position in Genesis Energy by 15.1% during the 3rd quarter. ING Groep NV now owns 762,700 shares of the pipeline company's stock worth $10,197,000 after buying an additional 100,000 shares during the period. Manning & Napier Advisors LLC acquired a new stake in Genesis Energy in the 2nd quarter valued at $1,073,000. Finally, Pekin Hardy Strauss Inc. bought a new stake in shares of Genesis Energy in the 2nd quarter worth $1,013,000. Institutional investors and hedge funds own 66.82% of the company's stock.

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.