Genesis Energy, L.P. (GEL) Shares Bought by Ffcm LLC

Ffcm LLC boosted its position in Genesis Energy, L.P. (NYSE:GEL) by 205.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,573 shares of the pipeline company’s stock after acquiring an additional 2,403 shares during the period. Ffcm LLC’s holdings in Genesis Energy, L.P. were worth $116,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GEL. OppenheimerFunds Inc. increased its position in shares of Genesis Energy, L.P. by 38.3% during the first quarter. OppenheimerFunds Inc. now owns 14,212,229 shares of the pipeline company’s stock valued at $460,760,000 after buying an additional 3,932,520 shares during the period. Alps Advisors Inc. increased its position in shares of Genesis Energy, L.P. by 8.2% during the second quarter. Alps Advisors Inc. now owns 7,832,361 shares of the pipeline company’s stock valued at $248,521,000 after buying an additional 594,859 shares during the period. Tortoise Capital Advisors L.L.C. increased its position in shares of Genesis Energy, L.P. by 4.4% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 10,312,699 shares of the pipeline company’s stock valued at $327,222,000 after buying an additional 431,059 shares during the period. Cannell Peter B & Co. Inc. increased its position in shares of Genesis Energy, L.P. by 74.5% during the second quarter. Cannell Peter B & Co. Inc. now owns 775,690 shares of the pipeline company’s stock valued at $24,613,000 after buying an additional 331,225 shares during the period. Finally, Chickasaw Capital Management LLC increased its position in shares of Genesis Energy, L.P. by 3.8% during the second quarter. Chickasaw Capital Management LLC now owns 8,250,616 shares of the pipeline company’s stock valued at $261,792,000 after buying an additional 301,090 shares during the period. Institutional investors and hedge funds own 74.55% of the company’s stock.

In other Genesis Energy, L.P. news, Director Kenneth M. Jastrow II purchased 7,804 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was bought at an average cost of $27.25 per share, for a total transaction of $212,659.00. Following the acquisition, the director now owns 35,000 shares of the company’s stock, valued at approximately $953,750. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth M. Jastrow II purchased 27,196 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was acquired at an average price of $26.74 per share, with a total value of $727,221.04. Following the completion of the acquisition, the director now directly owns 9,397 shares in the company, valued at approximately $251,275.78. The disclosure for this purchase can be found here. 0.72% of the stock is owned by insiders.

Genesis Energy, L.P. (NYSE:GEL) traded down 1.41% on Friday, hitting $27.23. The stock had a trading volume of 31,430 shares. The stock has a market cap of $3.34 billion, a P/E ratio of 28.10 and a beta of 1.22. Genesis Energy, L.P. has a 12 month low of $25.71 and a 12 month high of $38.36. The company’s 50 day moving average is $27.67 and its 200-day moving average is $30.62.

Genesis Energy, L.P. (NYSE:GEL) last announced its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.05. The company had revenue of $406.72 million for the quarter, compared to analyst estimates of $503.22 million. Genesis Energy, L.P. had a return on equity of 5.32% and a net margin of 6.73%. Analysts forecast that Genesis Energy, L.P. will post $1.06 EPS for the current year.

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Several research analysts recently weighed in on the stock. BidaskClub cut shares of Genesis Energy, L.P. from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Zacks Investment Research raised Genesis Energy, L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Robert W. Baird reissued a “neutral” rating and set a $35.00 price objective (down previously from $37.00) on shares of Genesis Energy, L.P. in a research note on Thursday, July 13th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $34.00 target price on shares of Genesis Energy, L.P. in a report on Monday, August 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $37.18.

Genesis Energy, L.P. Profile

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.

Institutional Ownership by Quarter for Genesis Energy, L.P. (NYSE:GEL)

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