HOUSTON—Gaspard Garland G, Senior Vice President of Genesis Energy LP (NYSE:GEL), recently purchased 5,016 common units of the company, according to a filing with the Securities and Exchange Commission. The acquisition, which took place on March 25, 2025, was executed at an average price of $15.955 per share, amounting to a total transaction value of $80,030. The purchase comes as the stock trades near its 52-week high of $15.87, with the company showing strong momentum, delivering a 54% return over the past year. According to InvestingPro data, Genesis Energy boasts a market capitalization of $1.98 billion and maintains a 4.2% dividend yield, having consistently paid dividends for 29 consecutive years.
Following this purchase, Gaspard’s total direct ownership of Genesis Energy common units stands at 24,541. Genesis Energy LP, headquartered in Houston, operates in the pipeline industry, excluding natural gas. For deeper insights into insider trading patterns and comprehensive financial analysis, explore the detailed Pro Research Report available on InvestingPro.
In other recent news, Genesis Energy L.P. reported disappointing earnings for the fourth quarter of 2024, with earnings per share (EPS) of -0.58, missing analysts’ expectations of -0.26. Revenue for the quarter was $725.55 million. Despite this, Genesis Energy anticipates significant cash flow generation beginning in late 2025 due to new production facilities. The company has divested its soda ash business for an implied enterprise value of $1.425 billion, using the proceeds to pay down debt, which is expected to improve financial leverage significantly. S&P Global Ratings and Moody’s Ratings have both upgraded Genesis Energy’s outlook to positive following this divestiture. RBC Capital Markets also raised its price target for the company from $14.00 to $15.00, maintaining an Outperform rating. These strategic moves are expected to streamline Genesis Energy’s operations and simplify its capital structure, focusing more on its midstream business. The company plans to use the improved cash flow to further reduce debt and potentially return capital to unitholders.
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