Insider Activity to Watch: Genesis Energy, L.P. $GEL

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Genesis Energy, L.P. (NYSE:GEL) insider have most recently took part in a trading activity. On Dec 4, 2017 Alexander Richard R, Vice President bought 5,500 shares having total worth of $124,630 at the price of $22.66 per share, following the transaction a total of 15,500 shares owned by Alexander Richard R.

The stock has experienced a total of 11 insider trades in the past three months. These trades include 11 buy trades. Furthermore, over the past 12 months , the stock was traded 13 times by insiders. an employee of the company was the buyer in 13 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 11 0 -26.35%
12 Month 13 0 -39.68%

Shares of Genesis Energy, L.P. (NYSE:GEL) traded up 0.99% on Dec 4, 2017, hitting $22.44. 1,083,453 shares of the company’s stock traded hands. Genesis Energy, L.P. has a 52 week low of $20.5 and a 52 week high of $40.9. The company’s market cap is $4,240 million.

Genesis Energy, L.P. (NYSE:GEL) last announced its earnings results on Nov 3, 2017. The company reported 0.22 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.20 by $0.02. The company had revenue of $486 million for the quarter, compared to the consensus estimate of $525 million. During the same quarter in the previous year, the company posted 0.28 earnings per share. The company’s revenue for the quarter was up 6% on a year-over-year basis.

2017-11-03 2017-05-04 2017-02-16 2016-11-03 2016-08-03 2016-05-04 2016-02-18 2015-11-03 2015-07-29 2015-04-29
earnings per share 0.22 0.23 0.19 0.28 0.22 0.32 0.27 0.26 0.30 0.21
Revenue(M) 486.11 415.49 428.05 460.05 445.98 378.41 491.01 572.33 656.33 526.86

Genesis Energy LP was formed in 1996 as a master limited partnership. The Company is focused on the midstream segment of the oil and gas industry in the Gulf Coast region of the United States, primarily Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida and in the Gulf of Mexico. The Company’s general partner is Genesis Energy, LLC. The Company has a diverse portfolio of customers, operations and assets, including refinery-related plants, pipelines, storage tanks and terminals, barges, and trucks. It provides an integrated suite of services to oil producers, refineries, and industrial and commercial enterprises that use NaHS and caustic soda. Its business activities are mainly focused on providing services around and within refinery complexes. Upstream of the refineries, it provides gathering and transportation of crude oil. Within the refineries, it provides services to assist in their sulfur balancing requirements. Downstream of refineries, it provides transportation services as well as market outlets for their finished refined products. The Company manages its businesses through three divisions that constitute its reportable segments: Pipeline Transportation, Refinery Services, and Supply and Logistics. The Company owns interests in approximately 1,500 miles of crude oil pipelines located in the Gulf Coast region of the U.S. The Company owns interests in three onshore crude oil pipeline systems, with approximately 460 miles of pipe located primarily in Alabama, Florida, Mississippi and Texas. Its also owns two CO2 pipelines. The Company mainly: provides services to nine refining operations located primarily in Texas, Louisiana, Arkansas and Utah; operates storage and transportation assets in relation to those services; and sells NaHS and caustic soda to large industrial and commercial companies. Its refinery services primarily involve processing refiners’ high sulfur gas streams to remove the sulfur. Its refinery services footprint also includes terminals, and it utilizes railcars, ships, barges and trucks to transport product. The Company provides services primarily to Gulf Coast oil and gas producers and refineries through a combination of purchasing, transporting, storing, blending and marketing of crude oil and refined products (primarily fuel oil, asphalt, and other heavy refined products). The Company’s competitors for the supply of NaHS consist primarily of parties who produce NaHS as a by-product of processes involved with agricultural pesticide products, plastic additives and lubricant viscosity. Its main competitor is AkzoNobe, a chemical manufacturing company that produces NaHS primarily in its pesticide operations. The Company is subject to stringent federal, state and local laws and regulations governing the discharge of materials into the environment or otherwise relating to environmental protection.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.