Is there a Bearish outlook for Genesis Energy, L.P. (NYSE:GEL) this week?

June 15, 2018 - By Peter Erickson

Genesis Energy, L.P. (NYSE:GEL) LogoInvestors sentiment decreased to 0.9 in 2018 Q1. Its down 0.10, from 1 in 2017Q4. It dived, as 18 investors sold Genesis Energy, L.P. shares while 41 reduced holdings. 13 funds opened positions while 40 raised stakes. 85.91 million shares or 1.88% less from 87.56 million shares in 2017Q4 were reported.
Raymond James & Associates reported 0.01% in Genesis Energy, L.P. (NYSE:GEL). Florida-based Raymond James Fincl Advsrs has invested 0.03% in Genesis Energy, L.P. (NYSE:GEL). Jnba Financial Advisors, a Minnesota-based fund reported 1,000 shares. Jane Street Gru Limited Liability has 0.01% invested in Genesis Energy, L.P. (NYSE:GEL). Commonwealth Of Pennsylvania Public School Empls Retrmt holds 1.90M shares or 0.52% of its portfolio. Bbr Prtnrs Ltd Limited Liability Company has invested 0.06% in Genesis Energy, L.P. (NYSE:GEL). Pnc Finance Grp stated it has 129,972 shares or 0% of all its holdings. Botty Invsts Limited Liability Corp holds 890 shares or 0.01% of its portfolio. Janney Montgomery Scott Limited Liability Co stated it has 53,684 shares. Financial Architects Inc stated it has 0.01% in Genesis Energy, L.P. (NYSE:GEL). Tortoise Capital Advsr Ltd Liability Company owns 47,510 shares for 0% of their portfolio. Moreover, Regions Corp has 0% invested in Genesis Energy, L.P. (NYSE:GEL). M&T Bancorporation Corporation stated it has 12,259 shares. Atlantic Trust Gru Lc holds 0.14% or 1.66 million shares. Deutsche Commercial Bank Ag accumulated 662,939 shares.

Since December 19, 2017, it had 2 insider buys, and 1 insider sale for $570,400 activity. JASTROW KENNETH M II bought $334,800 worth of stock or 15,000 shares. Another trade for 12,525 shares valued at $249,999 was bought by Flynn Edward T.

Genesis Energy, L.P. (NYSE:GEL) Ratings Coverage

Among 4 analysts covering Genesis Energy LP (NYSE:GEL), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Genesis Energy LP had 4 analyst reports since February 16, 2018 according to SRatingsIntel. As per Tuesday, April 17, the company rating was maintained by Barclays Capital. The firm has “Hold” rating by RBC Capital Markets given on Friday, February 16. The company was maintained on Friday, March 2 by UBS. Robert W. Baird maintained the shares of GEL in report on Friday, February 16 with “Buy” rating. Below is a list of Genesis Energy, L.P. (NYSE:GEL) latest ratings and price target changes.

17/04/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $24 New Target: $23 Maintain
02/03/2018 Broker: UBS Old Rating: Buy New Rating: Buy Old Target: $39 New Target: $38 Maintain
16/02/2018 Broker: Robert W. Baird Rating: Buy New Target: $27.0 Maintain
16/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $26.0 Maintain

The stock decreased 2.77% or $0.64 during the last trading session, reaching $22.48. About 340,145 shares traded. Genesis Energy, L.P. (NYSE:GEL) has declined 32.24% since June 15, 2017 and is downtrending. It has underperformed by 44.81% the S&P500.

Genesis Energy, L.P. operates in the midstream segment of the natural gas and crude oil industry. The company has market cap of $2.76 billion. It operates through four divisions: Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. It has a 111.29 P/E ratio. The Offshore Pipeline Transportation segment engages in the pipeline transportation and processing of natural gas and crude oil.

Another recent and important Genesis Energy, L.P. (NYSE:GEL) news was published by which published an article titled: “The Mighty Middle of the Market” on June 13, 2018.

Genesis Energy, L.P. (NYSE:GEL) Institutional Positions Chart

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