Genesis Energy, L.P. (NYSE:GEL) insider have most recently took part in a trading activity. On Dec 19, 2017 Jastrow Kenneth M Ii, Director bought 15,000 shares having total worth of $334,800 at the price of $22.32 per share, following the transaction a total of 50,000 shares owned by Jastrow Kenneth M Ii. Before this latest buy, Jastrow Kenneth M Ii purchased GEL at 4 other times during the past twelve months, for a total investment of $18.8M at an average of $27 per share.
The stock has experienced a total of 8 insider trades in the past three months. These trades include 8 buy trades. Furthermore, over the past 12 months , the stock was traded 14 times by insiders. an employee of the company was the buyer in 14 instances.
|Time Frame||Number of Insider Buy||Number of Insider Sell||Stock Price Change(%)|
Shares of Genesis Energy, L.P. (NYSE:GEL) traded up 0.4% on Dec 18, 2017, hitting $22.6. 905,236 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.
|earnings per share||0.22||0.23||0.19||0.28||0.22||0.32||0.27||0.26||0.30||0.21|
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.
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