Genesis Energy, L.P. (NYSE:GEL) Director Kenneth M. Jastrow II purchased 15,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were bought at an average cost of $22.32 per share, with a total value of $334,800.00. Following the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $1,116,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Genesis Energy, L.P. (NYSE:GEL) opened at $21.93 on Thursday. 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 stock has a market capitalization of $2,710.57, a price-to-earnings ratio of 24.04 and a beta of 1.15. Genesis Energy, L.P. has a one year low of $20.43 and a one year high of $37.88.

GEL has been the subject of a number of research reports. Barclays raised shares of Genesis Energy from an “underweight” rating to an “equal weight” rating and decreased their price objective for the stock from $31.00 to $27.00 in a report on Friday, October 13th. Zacks Investment Research downgraded shares of Genesis Energy from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Royal Bank of Canada decreased their price objective on shares of Genesis Energy from $34.00 to $28.00 and set a “sector perform” rating for the company in a report on Friday, October 13th. Robert W. Baird set a $29.00 price objective on shares of Genesis Energy and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, Janney Montgomery Scott set a $30.00 price objective on shares of Genesis Energy and gave the stock a “buy” rating in a report on Friday, October 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. Genesis Energy has an average rating of “Hold” and an average target price of $33.45.

A number of hedge funds have recently bought and sold shares of GEL. Bank of Montreal Can lifted its stake in Genesis Energy by 13.0% in the second quarter. Bank of Montreal Can now owns 4,959 shares of the pipeline company’s stock valued at $158,000 after buying an additional 570 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Genesis Energy by 22.6% in the second quarter. Advisors Asset Management Inc. now owns 101,319 shares of the pipeline company’s stock valued at $3,215,000 after buying an additional 18,662 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Genesis Energy by 25.9% in the second quarter. Bank of New York Mellon Corp now owns 8,363 shares of the pipeline company’s stock valued at $266,000 after buying an additional 1,720 shares during the last quarter. Blair William & Co. IL lifted its stake in Genesis Energy by 2.1% in the second quarter. Blair William & Co. IL now owns 95,478 shares of the pipeline company’s stock valued at $3,030,000 after buying an additional 2,007 shares during the last quarter. Finally, RFG Advisory Group LLC bought a new stake in Genesis Energy in the second quarter valued at $451,000. Institutional investors own 73.46% of the company’s stock.

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About Genesis Energy

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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