Genesis Energy, L.P. (NYSE:GEL) General Counsel Kristen O. Jesulaitis acquired 5,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $19.97 per share, with a total value of $99,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE:GEL traded up $0.30 during trading hours on Tuesday, reaching $20.32. 408,318 shares of the company’s stock were exchanged, compared to its average volume of 551,637. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.24 and a quick ratio of 1.00. The stock has a market cap of $2.48 billion, a P/E ratio of -254.00 and a beta of 1.25. Genesis Energy, L.P. has a 12 month low of $17.55 and a 12 month high of $25.52. The stock has a 50-day moving average price of $22.23.

Genesis Energy (NYSE:GEL) last issued its quarterly earnings results on Tuesday, August 6th. The pipeline company reported $0.17 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.17. The business had revenue of $634.80 million during the quarter, compared to the consensus estimate of $685.95 million. Genesis Energy had a net margin of 1.15% and a return on equity of 7.09%. The firm’s quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.05) EPS. On average, sell-side analysts forecast that Genesis Energy, L.P. will post 0.46 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st will be given a $0.55 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $2.20 annualized dividend and a dividend yield of 10.83%. Genesis Energy’s dividend payout ratio (DPR) is presently -2,750.00%.

Several large investors have recently modified their holdings of the stock. Deutsche Bank AG raised its stake in shares of Genesis Energy by 27.6% in the fourth quarter. Deutsche Bank AG now owns 467,997 shares of the pipeline company’s stock valued at $8,643,000 after acquiring an additional 101,104 shares in the last quarter. BNP Paribas Arbitrage SA acquired a new stake in Genesis Energy in the first quarter valued at $640,000. Bank of Montreal Can raised its stake in Genesis Energy by 603.4% in the first quarter. Bank of Montreal Can now owns 624,015 shares of the pipeline company’s stock valued at $14,539,000 after buying an additional 535,295 shares in the last quarter. MAI Capital Management raised its stake in Genesis Energy by 1.2% in the first quarter. MAI Capital Management now owns 218,543 shares of the pipeline company’s stock valued at $5,092,000 after buying an additional 2,619 shares in the last quarter. Finally, First Republic Investment Management Inc. raised its stake in Genesis Energy by 4.5% in the first quarter. First Republic Investment Management Inc. now owns 79,995 shares of the pipeline company’s stock valued at $1,864,000 after buying an additional 3,447 shares in the last quarter. Institutional investors and hedge funds own 74.18% of the company’s stock.

GEL has been the subject of several recent analyst reports. Raymond James cut shares of Genesis Energy from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 26th. They noted that the move was a valuation call. ValuEngine cut shares of Genesis Energy from a “buy” rating to a “hold” rating in a report on Friday, June 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $27.00 price objective on shares of Genesis Energy in a report on Thursday, August 8th. Finally, Zacks Investment Research cut shares of Genesis Energy from a “strong-buy” rating to a “hold” rating in a report on Friday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $27.00.

Genesis Energy Company Profile

Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company's Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations; and in the deep water pipeline servicing in the southern Keathley Canyon area of the Gulf of Mexico.

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