Atlantic Trust Group LLC lessened its position in shares of Genesis Energy, L.P. (NYSE:GEL) by 22.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 876,111 shares of the pipeline company’s stock after selling 259,596 shares during the quarter. Atlantic Trust Group LLC owned approximately 0.71% of Genesis Energy worth $23,085,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Cutter & CO Brokerage Inc. grew its holdings in shares of Genesis Energy by 1.5% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 9,643 shares of the pipeline company’s stock worth $306,000 after purchasing an additional 146 shares in the last quarter. M&T Bank Corp boosted its stake in Genesis Energy by 0.7% in the 2nd quarter. M&T Bank Corp now owns 33,435 shares of the pipeline company’s stock valued at $1,060,000 after buying an additional 245 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Genesis Energy by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,897 shares of the pipeline company’s stock valued at $124,000 after buying an additional 271 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Genesis Energy by 2.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 15,433 shares of the pipeline company’s stock valued at $490,000 after buying an additional 351 shares in the last quarter. Finally, Advisor Group Inc. boosted its stake in Genesis Energy by 9.4% in the 2nd quarter. Advisor Group Inc. now owns 5,453 shares of the pipeline company’s stock valued at $173,000 after buying an additional 470 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors.

Shares of Genesis Energy, L.P. (NYSE GEL) opened at $22.01 on Friday. The company has a market capitalization of $2,700.00, a PE ratio of 31.44 and a beta of 1.15. The company has a quick ratio of 1.35, a current ratio of 1.62 and a debt-to-equity ratio of 1.80. Genesis Energy, L.P. has a fifty-two week low of $20.43 and a fifty-two week high of $37.88.

Several analysts recently commented on the company. UBS Group decreased their price target on Genesis Energy from $41.00 to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, October 17th. Royal Bank of Canada reiterated a “hold” rating and issued a $34.00 price objective on shares of Genesis Energy in a research report on Wednesday, September 27th. Barclays cut their price objective 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. 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 objective on Genesis Energy and gave the company a “buy” rating in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $33.45.

In other Genesis Energy news, Director James E. Davison bought 79,031 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was purchased at an average cost of $21.56 per share, with a total value of $1,703,908.36. Following the completion of the purchase, the director now owns 2,405,994 shares in the company, valued at $51,873,230.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Ryan S. Sims bought 4,300 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was acquired at an average cost of $23.25 per share, with a total value of $99,975.00. Following the completion of the purchase, the vice president now owns 4,300 shares of the company’s stock, valued at approximately $99,975. The disclosure for this purchase can be found here. Insiders purchased 257,775 shares of company stock valued at $5,659,913 in the last quarter. 0.72% of the stock is currently owned by corporate insiders.

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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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