Genesis Energy, L.P. (NYSE:GEL - Get Free Report) insider Ryan S. Sims acquired 1,000 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost of $11.25 per share, with a total value of $11,250.00. Following the acquisition, the insider now owns 22,500 shares in the company, valued at $253,125. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Genesis Energy stock traded down $0.02 during trading hours on Tuesday, reaching $11.22. The company had a trading volume of 3,158 shares, compared to its average volume of 379,334. The company has a debt-to-equity ratio of 5.13, a current ratio of 1.03 and a quick ratio of 0.96. The company has a 50-day moving average price of $12.88 and a 200 day moving average price of $13.23. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -15.19 and a beta of 2.12. Genesis Energy, L.P. has a 12-month low of $10.01 and a 12-month high of $15.17.
Genesis Energy (NYSE:GEL - Get Free Report) last posted its earnings results on Thursday, October 31st. The pipeline company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.22). Genesis Energy had a negative net margin of 0.09% and a negative return on equity of 0.31%. The business had revenue of $714.30 million for the quarter. During the same quarter in the previous year, the business earned $0.29 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 5.88%. This is an increase from Genesis Energy's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, October 31st. Genesis Energy's payout ratio is -89.19%.
GEL has been the subject of several analyst reports. Royal Bank of Canada raised their target price on Genesis Energy from $15.00 to $16.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Capital One Financial upgraded Genesis Energy from an "equal weight" rating to an "overweight" rating in a research note on Friday, November 1st. Finally, StockNews.com downgraded Genesis Energy from a "hold" rating to a "sell" rating in a research note on Monday, August 5th.
Check Out Our Latest Analysis on Genesis Energy
Several hedge funds have recently added to or reduced their stakes in the stock. Creative Planning bought a new position in shares of Genesis Energy during the second quarter valued at $43,591,000. Chickasaw Capital Management LLC increased its position in Genesis Energy by 6.5% during the second quarter. Chickasaw Capital Management LLC now owns 4,291,499 shares of the pipeline company's stock valued at $61,411,000 after acquiring an additional 262,784 shares during the last quarter. ING Groep NV increased its position in Genesis Energy by 15.1% during the third quarter. ING Groep NV now owns 762,700 shares of the pipeline company's stock valued at $10,197,000 after acquiring an additional 100,000 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in Genesis Energy during the second quarter valued at $1,073,000. Finally, Pekin Hardy Strauss Inc. purchased a new stake in Genesis Energy during the second quarter valued at $1,013,000. 66.82% of the stock is owned by institutional investors.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Genesis Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Genesis Energy wasn't on the list.
While Genesis Energy currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.