Global X Management Co. LLC Has $24.51 Million Position in Genesis Energy, L.P. (GEL)

Global X Management Co. LLC increased its holdings in Genesis Energy, L.P. (NYSE:GEL) by 30.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,096,471 shares of the pipeline company’s stock after acquiring an additional 254,657 shares during the period. Global X Management Co. LLC owned approximately 0.89% of Genesis Energy worth $24,506,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in Genesis Energy by 7.5% in the second quarter. The Manufacturers Life Insurance Company now owns 3,897 shares of the pipeline company’s stock worth $124,000 after acquiring an additional 271 shares during the period. Chicago Partners Investment Group LLC grew its position in Genesis Energy by 342.2% in the third quarter. Chicago Partners Investment Group LLC now owns 4,351 shares of the pipeline company’s stock worth $115,000 after acquiring an additional 3,367 shares during the period. Advisor Group Inc. grew its position in Genesis Energy by 9.4% in the second quarter. Advisor Group Inc. now owns 5,453 shares of the pipeline company’s stock worth $173,000 after acquiring an additional 470 shares during the period. BNP Paribas Arbitrage SA purchased a new position in Genesis Energy in the third quarter worth approximately $189,000. Finally, Bank of New York Mellon Corp grew its position in Genesis Energy by 25.9% in the second quarter. Bank of New York Mellon Corp now owns 8,363 shares of the pipeline company’s stock worth $266,000 after acquiring an additional 1,720 shares during the period. Institutional investors own 74.36% of the company’s stock.

In related news, insider Edward T. Flynn acquired 4,681 shares of Genesis Energy stock in a transaction dated Thursday, November 16th. The shares were acquired at an average cost of $21.32 per share, for a total transaction of $99,798.92. Following the completion of the purchase, the insider now owns 15,691 shares in the company, valued at $334,532.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James E. Davison acquired 50,000 shares of Genesis Energy stock in a transaction dated Friday, November 17th. The stock was bought at an average price of $21.48 per share, for a total transaction of $1,074,000.00. Following the completion of the purchase, the director now owns 2,405,994 shares of the company’s stock, valued at approximately $51,680,751.12. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 199,212 shares of company stock worth $4,314,087. Insiders own 0.72% of the company’s stock.

Genesis Energy, L.P. (NYSE GEL) opened at $21.36 on Wednesday. Genesis Energy, L.P. has a 52-week low of $19.85 and a 52-week high of $37.63. The company has a market capitalization of $2,620.00, a price-to-earnings ratio of 30.51 and a beta of 1.07. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.35 and a current ratio of 1.62.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st will be paid a $0.51 dividend. This is a boost from Genesis Energy’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 9.55%. The ex-dividend date is Tuesday, January 30th. Genesis Energy’s dividend payout ratio (DPR) is presently 291.43%.

GEL has been the subject of several research analyst reports. UBS Group lowered their price target on Genesis Energy from $41.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, October 17th. Barclays lowered their price target on Genesis Energy from $27.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, November 6th. Zacks Investment Research lowered Genesis Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. ValuEngine upgraded Genesis Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Robert W. Baird set a $29.00 price target on Genesis Energy and gave the stock a “buy” rating in a research report on Friday, November 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $33.55.

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Genesis Energy 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.

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Institutional Ownership by Quarter for Genesis Energy (NYSE:GEL)

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