Chickasaw Capital Management LLC Lowered Its Genesis Energy LP (GEL) Position by $5.29 Million; Shares Rose

Genesis Energy, L.P. (NYSE:GEL) LogoInvestors sentiment increased to 1.02 in 2019 Q1. Its up 0.29, from 0.73 in 2018Q4. It improved, as 12 investors sold GEL shares while 36 reduced holdings. 19 funds opened positions while 30 raised stakes. 87.65 million shares or 0.13% more from 87.54 million shares in 2018Q4 were reported. Rr Ltd Limited Liability Company reported 3.29 million shares stake. Blackrock holds 0% or 1.32 million shares. California Employees Retirement System has invested 0% in Genesis Energy, L.P. (NYSE:GEL). Alps, a Colorado-based fund reported 10.35M shares. Paragon Cap Mngmt Limited owns 9,000 shares. Regions holds 1,170 shares. Us National Bank De has invested 0% of its portfolio in Genesis Energy, L.P. (NYSE:GEL). Morgan Stanley has 0% invested in Genesis Energy, L.P. (NYSE:GEL). Horrell Cap invested in 10,000 shares. First Republic Investment Mgmt invested in 79,995 shares or 0.01% of the stock. Harvest Fund Advisors Lc holds 1.08% or 4.72 million shares in its portfolio. Fort Washington Invest Oh owns 120,720 shares. Moreover, Duff Phelps Investment has 0.1% invested in Genesis Energy, L.P. (NYSE:GEL). Northern Trust stated it has 0% in Genesis Energy, L.P. (NYSE:GEL). Royal State Bank Of Canada holds 0% or 149,514 shares in its portfolio.

Since May 9, 2019, it had 1 buying transaction, and 0 insider sales for $84,000 activity.

Chickasaw Capital Management Llc decreased its stake in Genesis Energy Lp (GEL) by 2.11% based on its latest 2019Q1 regulatory filing with the SEC. Chickasaw Capital Management Llc sold 229,900 shares as the company’s stock rose 4.15% with the market. The hedge fund held 10.67 million shares of the energy company at the end of 2019Q1, valued at $248.69 million, down from 10.90M at the end of the previous reported quarter. Chickasaw Capital Management Llc who had been investing in Genesis Energy Lp for a number of months, seems to be less bullish one the $2.81 billion market cap company. The stock increased 1.28% or $0.29 during the last trading session, reaching $22.93. About 726,027 shares traded or 34.80% up from the average. Genesis Energy, L.P. (NYSE:GEL) has risen 0.60% since July 12, 2018 and is uptrending. It has underperformed by 3.83% the S&P500.

Chickasaw Capital Management Llc, which manages about $1.93 billion and $4.14 billion US Long portfolio, upped its stake in Plains Gp Holdings by 610,930 shares to 8.01 million shares, valued at $199.65 million in 2019Q1, according to the filing. It also increased its holding in Enterprise Products Partners L (NYSE:EPD) by 391,329 shares in the quarter, for a total of 11.75 million shares, and has risen its stake in Enlink Midstream Llc (NYSE:ENLC).

Analysts await Genesis Energy, L.P. (NYSE:GEL) to report earnings on August, 14. They expect $0.14 earnings per share, up 380.00 % or $0.19 from last year’s $-0.05 per share. GEL’s profit will be $17.16M for 40.95 P/E if the $0.14 EPS becomes a reality. After $0.16 actual earnings per share reported by Genesis Energy, L.P. for the previous quarter, Wall Street now forecasts -12.50 % negative EPS growth.

More notable recent Genesis Energy, L.P. (NYSE:GEL) news were published by: Seekingalpha.com which released: “Microcaps mostly among midday movers – Seeking Alpha” on July 08, 2019, also Nasdaq.com with their article: “U.S. STOCKS ON THE MOVE-Apple, GE, Boeing, Coherus, NetApp – Nasdaq” published on July 08, 2019, Streetinsider.com published: “Pre-Open Movers 07/08: (SGMO) (PRVL) (SLGL) (SYMC) (ITCI) (OAS) (JNPR) (More…) – StreetInsider.com” on July 08, 2019. More interesting news about Genesis Energy, L.P. (NYSE:GEL) were released by: Finance.Yahoo.com and their article: “BioPharmX Announces Positive Topline Results from Phase 2b Trial of BPX-04 for Papulopustular Rosacea – Yahoo Finance” published on June 25, 2019 as well as Seekingalpha.com‘s news article titled: “Stocks To Watch: Nike, FedEx And Bank Stress Tests – Seeking Alpha” with publication date: June 22, 2019.

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

Among 2 analysts covering Genesis Energy (NYSE:GEL), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Genesis Energy had 6 analyst reports since February 20, 2019 according to SRatingsIntel. On Thursday, February 21 the stock rating was maintained by Barclays Capital with “Hold”. The firm has “Buy” rating given on Wednesday, February 20 by Raymond James.

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

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