Kenneth M. Jastrow II Buys 15,000 Shares of Genesis Energy, L.P. (GEL) Stock
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.
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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.
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