Ryan S. Sims Acquires 1,000 Shares of Genesis Energy, L.P. (NYSE:GEL) Stock

Genesis Energy, L.P. (NYSE:GEL - Get Free Report) insider Ryan S. Sims acquired 1,000 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $12.95 per share, for a total transaction of $12,950.00. Following the transaction, the insider now directly owns 23,500 shares in the company, valued at approximately $304,325. This represents a 4.44 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Genesis Energy Trading Up 1.7 %

Shares of NYSE GEL traded up $0.23 during midday trading on Friday, hitting $13.24. 847,893 shares of the company traded hands, compared to its average volume of 436,886. Genesis Energy, L.P. has a 12-month low of $9.86 and a 12-month high of $15.17. The company has a debt-to-equity ratio of 5.13, a quick ratio of 0.91 and a current ratio of 1.03. The stock has a 50-day moving average price of $11.46 and a 200 day moving average price of $11.87. The firm has a market cap of $1.62 billion, a P/E ratio of -10.67 and a beta of 1.92.

Genesis Energy (NYSE:GEL - Get Free Report) last announced its earnings results on Thursday, February 13th. The pipeline company reported ($0.58) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.53). The business had revenue of $725.55 million for the quarter. Genesis Energy had a negative net margin of 2.16% and a negative return on equity of 7.71%.

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Genesis Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 4.99%. Genesis Energy's dividend payout ratio is -53.23%.

Hedge Funds Weigh In On Genesis Energy

A number of hedge funds and other institutional investors have recently modified their holdings of GEL. Millburn Ridgefield Corp bought a new position in shares of Genesis Energy during the third quarter worth $59,000. F M Investments LLC bought a new position in shares of Genesis Energy during the fourth quarter worth $122,000. Ameriprise Financial Inc. bought a new position in Genesis Energy during the fourth quarter valued at $126,000. Stifel Financial Corp lifted its position in Genesis Energy by 10.8% during the third quarter. Stifel Financial Corp now owns 18,722 shares of the pipeline company's stock valued at $250,000 after purchasing an additional 1,819 shares during the last quarter. Finally, Mutual Advisors LLC lifted its position in Genesis Energy by 101.8% during the fourth quarter. Mutual Advisors LLC now owns 31,912 shares of the pipeline company's stock valued at $341,000 after purchasing an additional 16,099 shares during the last quarter. Institutional investors own 66.82% of the company's stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company raised their price target on shares of Genesis Energy from $12.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 5th.

Genesis Energy Company Profile

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.