Genesis Energy Lp: Clearbridge Investments Makes Purchase

February 14, 2018 - By Adrian Erickson

 Genesis Energy Lp: Clearbridge Investments Makes Purchase

Investors sentiment decreased to 0.81 in Q3 2017. Its down 0.37, from 1.18 in 2017Q2. It dropped, as 25 investors sold Genesis Energy, L.P. shares while 44 reduced holdings. 20 funds opened positions while 36 raised stakes. 87.79 million shares or 1.92% less from 89.51 million shares in 2017Q2 were reported.

Texas Capital Savings Bank Tx has invested 17.64% in Genesis Energy, L.P. (NYSE:GEL). Td Cap Management Ltd has 0% invested in Genesis Energy, L.P. (NYSE:GEL) for 315 shares. Clearbridge Investments Ltd Limited Liability Company has invested 0.25% in Genesis Energy, L.P. (NYSE:GEL). Cushing Asset Mgmt L P invested 1.24% in Genesis Energy, L.P. (NYSE:GEL). Northwest Invest Counselors Ltd Liability Co owns 200 shares or 0% of their US portfolio. Commercial Bank Of New York Mellon invested in 0% or 8,852 shares. Signaturefd Ltd Liability Com holds 25,475 shares or 0.09% of its portfolio. Moreover, Samson Mgmt Ltd Llc has 1.48% invested in Genesis Energy, L.P. (NYSE:GEL). Tortoise Cap Advisors Ltd Liability Company reported 1.61% stake. Hightower Limited Com has invested 0.06% of its portfolio in Genesis Energy, L.P. (NYSE:GEL). Mai Management holds 0.03% in Genesis Energy, L.P. (NYSE:GEL) or 16,912 shares. Moreover, Whittier Tru has 0% invested in Genesis Energy, L.P. (NYSE:GEL). Hodges Mngmt reported 10,800 shares. Moreover, Credit Suisse Ag has 0% invested in Genesis Energy, L.P. (NYSE:GEL). Keybank National Association Oh has invested 0% in Genesis Energy, L.P. (NYSE:GEL).

Since December 19, 2017, it had 1 insider buy, and 0 sales for $334,800 activity.

The New Clearbridge Investments Holding in Genesis Energy Lp

Clearbridge Investments reported SC 13G/A form with the SEC for Genesis Energy Lp. Access it here: 000114036118007727. As reported by Clearbridge Investments, the filler owns 8.05% or 9,868,337 shares of the Energy–company.

Genesis Energy Lp stake is new for [reportingPerson]. Date of activity: December31,2017. This shows Clearbridge Investments’s positive view for Genesis Energy Lp. For a institutional investor managing $103.00 billion in assets and having 178+ experts this is interesting position.

Genesis Energy Lp Institutional Sentiment

Filings show 149 investors own Genesis Energy Lp. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 13032010. 72920020 were owned by these investors. 23 funds opened new Genesis Energy Lp stakes, 62 increased positions. There were 24 that closed positions and 40 reduced them.

10 investors had the stock in their top 10. Some are: Texas Capital Bancshares Inc Tx, Rr Advisors Llc, Argent Trust Co, Chickasaw Capital Management Llc..

Cushing Asset Management Lp is an investor bullish on Genesis Energy Lp, owning 2754593 shares as of Q3 2015 for 4.02% of its portfolio. Chickasaw Capital Management Llc owns 4263954 shares or 6.36% of its portfolio. TX Rr Advisors Llc have 11.08% of its portfolio for 1782000 shares. Further, Teilinger Usa Inc reported stake worth 47.34% of its portfolio. The owns 359384 shares. Genesis Energy Lp is 6.12% of its portfolio.

Business 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. The Refinery Services segment is involved in the processing of high sulfur (or sour) gas streams as part of refining operations to remove the sulfur and selling the related by-product, sodium hydrosulfide (NaHS). The Marine Transportation segment provides waterborne transportation of petroleum products and crude oil throughout North America. The Supply and Logistics segment is engaged in terminaling, blending, storing, marketing, and transporting crude oil and petroleum products (fuel oil, asphalt and other heavy refined products) and carbon dioxide.

SEC Form 13G.

Clearbridge Investments website.

Analysts await Genesis Energy, L.P. (NYSE:GEL) to report earnings on February, 15. They expect $0.36 earnings per share, up 89.47 % or $0.17 from last year’s $0.19 per share. GEL’s profit will be $44.12 million for 14.90 P/E if the $0.36 EPS becomes a reality. After $0.22 actual earnings per share reported by Genesis Energy, L.P. for the previous quarter, Wall Street now forecasts 63.64 % EPS growth.

The stock increased 0.42% or $0.09 during the last trading session, reaching $21.45. About 601,570 shares traded. Genesis Energy, L.P. (NYSE:GEL) has declined 14.17% since February 14, 2017 and is downtrending. It has underperformed by 30.87% 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 $2.63 billion. It operates through four divisions: Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. It has a 30.82 P/E ratio. The Offshore Pipeline Transportation segment engages in the pipeline transportation and processing of natural gas and crude oil.

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

Among 14 analysts covering Genesis Energy LP (NYSE:GEL), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Genesis Energy LP has $69 highest and $26 lowest target. $40.08’s average target is 86.85% above currents $21.45 stock price. Genesis Energy LP had 38 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Genesis Energy, L.P. (NYSE:GEL) earned “Equal-Weight” rating by Barclays Capital on Friday, October 13. The firm has “Underweight” rating given on Tuesday, July 18 by Barclays Capital. The firm earned “Outperform” rating on Monday, August 7 by Robert W. Baird. The rating was downgraded by Wells Fargo on Friday, January 15 to “Market Perform”. The firm has “Outperform” rating by Robert W. Baird given on Friday, October 13. The rating was downgraded by CapitalOne to “Equal Weight” on Friday, February 17. Barclays Capital maintained the shares of GEL in report on Monday, November 6 with “Equal-Weight” rating. The rating was maintained by Barclays Capital on Wednesday, August 10 with “Equal-Weight”. On Monday, November 14 the stock rating was upgraded by CapitalOne to “Overweight”. The company was downgraded on Wednesday, January 11 by Wells Fargo.

More recent Genesis Energy, L.P. (NYSE:GEL) news were published by: which released: “Genesis Energy, LP Announces Redemption of Its Remaining 5.750% Senior Notes …” on January 16, 2018. Also published the news titled: “Ex-Dividend Reminder: Enterprise Products Partners, Genesis Energy and Plains …” on January 26, 2018.‘s news article titled: “Genesis Energy, LP Sets Date for Release of Fourth Quarter and Year End …” with publication date: February 01, 2018 was also an interesting one.

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