Genesis Energy, L.P. (NYSE:GEL) saw unusually large options trading activity on Monday. Stock traders purchased 2,014 call options on the company. This represents an increase of 2,862% compared to the average volume of 68 call options.

In related news, Director Kenneth M. Jastrow II purchased 30,295 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were bought at an average price of $18.81 per share, for a total transaction of $569,848.95. Following the acquisition, the director now directly owns 130,295 shares in the company, valued at $2,450,848.95. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth M. Jastrow II purchased 19,705 shares of Genesis Energy stock in a transaction on Monday, November 25th. The stock was bought at an average cost of $19.18 per share, for a total transaction of $377,941.90. Following the transaction, the director now directly owns 130,295 shares in the company, valued at $2,499,058.10. The disclosure for this purchase can be found here. 0.72% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in Genesis Energy by 3.3% during the second quarter. Van ECK Associates Corp now owns 35,164 shares of the pipeline company’s stock worth $770,000 after purchasing an additional 1,107 shares in the last quarter. First Trust Advisors LP lifted its position in Genesis Energy by 7.2% in the second quarter. First Trust Advisors LP now owns 275,133 shares of the pipeline company’s stock valued at $6,025,000 after acquiring an additional 18,463 shares during the last quarter. Alps Advisors Inc. lifted its position in Genesis Energy by 37.9% in the third quarter. Alps Advisors Inc. now owns 13,160,177 shares of the pipeline company’s stock valued at $282,549,000 after acquiring an additional 3,615,352 shares during the last quarter. Biltmore Capital Advisors LLC boosted its stake in Genesis Energy by 50.0% in the third quarter. Biltmore Capital Advisors LLC now owns 300,000 shares of the pipeline company’s stock valued at $6,441,000 after acquiring an additional 100,000 shares in the last quarter. Finally, BBVA USA Bancshares Inc. acquired a new position in Genesis Energy in the third quarter valued at $386,000. Institutional investors and hedge funds own 71.10% of the company’s stock.

GEL has been the subject of a number of analyst reports. ValuEngine raised Genesis Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 23rd. Zacks Investment Research cut shares of Genesis Energy from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $27.00 price target on shares of Genesis Energy in a research note on Thursday, August 8th. Finally, UBS Group lowered their price target on shares of Genesis Energy from $27.00 to $26.00 and set a “buy” rating for the company in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $25.67.

Shares of GEL stock opened at $18.88 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.08 and a debt-to-equity ratio of 2.27. The firm has a fifty day moving average price of $19.82 and a 200 day moving average price of $21.33. The company has a market cap of $2.33 billion, a P/E ratio of -236.00 and a beta of 1.27. Genesis Energy has a 12 month low of $17.55 and a 12 month high of $24.04.

Genesis Energy (NYSE:GEL) last posted its quarterly earnings results on Wednesday, November 6th. The pipeline company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.12). The business had revenue of $621.70 million during the quarter, compared to analyst estimates of $613.81 million. Genesis Energy had a net margin of 1.90% and a return on equity of 8.53%. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.15) earnings per share. On average, equities analysts forecast that Genesis Energy will post 0.16 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $2.20 annualized dividend and a dividend yield of 11.65%. Genesis Energy’s dividend payout ratio is currently -2,750.00%.

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.

Further Reading: How is the Producer Price Index calculated?

Receive News & Ratings for Genesis Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genesis Energy and related companies with MarketBeat.com's FREE daily email newsletter.