As Genesis Energy LP (GEL) Share Price Rose, Chickasaw Capital Management LLC Upped by $17.74 Million Its Holding

November 10, 2018 - By Adrian Mccoy

Genesis Energy, L.P. (NYSE:GEL) LogoInvestors sentiment increased to 0.93 in 2018 Q2. Its up 0.03, from 0.9 in 2018Q1. It is positive, as 17 investors sold GEL shares while 40 reduced holdings. 20 funds opened positions while 33 raised stakes. 86.56 million shares or 0.75% more from 85.91 million shares in 2018Q1 were reported. 226,846 were reported by Metropolitan Life Co Ny. Mckinley Cap Ltd Delaware invested in 38,686 shares or 0.05% of the stock. Alps Advsrs owns 8.92 million shares for 1.27% of their portfolio. Duff Phelps Mgmt reported 640,500 shares stake. The Texas-based Texas Capital Financial Bank Inc Tx has invested 17.52% in Genesis Energy, L.P. (NYSE:GEL). Deutsche Bankshares Ag owns 575,887 shares or 0.01% of their US portfolio. Salient Trust Lta reported 0.09% in Genesis Energy, L.P. (NYSE:GEL). First Tru Advsrs LP holds 315,407 shares or 0.01% of its portfolio. Sg Americas Securities Ltd stated it has 64,875 shares or 0.01% of all its holdings. Selz Cap Ltd Liability has 295,000 shares for 1.02% of their portfolio. Barclays Public Limited Company has invested 0% in Genesis Energy, L.P. (NYSE:GEL). Stephens Inc Ar accumulated 18,229 shares. Parkside Fin Financial Bank And Tru has invested 0.2% in Genesis Energy, L.P. (NYSE:GEL). Cincinnati Ins Com, Ohio-based fund reported 60,879 shares. Texas Yale Cap reported 49,164 shares.

Since September 5, 2018, it had 1 insider buy, and 0 insider sales for $30,015 activity.

Chickasaw Capital Management Llc increased its stake in Genesis Energy Lp (GEL) by 6.79% based on its latest 2018Q2 regulatory filing with the SEC. Chickasaw Capital Management Llc bought 844,823 shares as the company’s stock rose 9.13% with the market. The hedge fund held 13.29 million shares of the energy company at the end of 2018Q2, valued at $291.28 million, up from 12.45M 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 bullish on the $2.83 billion market cap company. The stock decreased 2.98% or $0.71 during the last trading session, reaching $23.08. About 525,707 shares traded. Genesis Energy, L.P. (NYSE:GEL) has declined 7.11% since November 10, 2017 and is downtrending. It has underperformed by 22.73% the S&P500.

Chickasaw Capital Management Llc, which manages about $1.93 billion and $4.75B US Long portfolio, decreased its stake in Dominion Energy Midstream Part (NYSE:DM) by 757,643 shares to 3.96 million shares, valued at $53.81 million in 2018Q2, according to the filing. It also reduced its holding in Plains Gp Holdings by 869,401 shares in the quarter, leaving it with 7.19 million shares, and cut its stake in Alps Etf Tr Alerian Mlp (AMLP).

More news for Genesis Energy, L.P. (NYSE:GEL) were recently published by: Globenewswire.com, which released: “Market Trends Toward New Normal in Qorvo, Stag Industrial, Antero Midstream Partners LP, Armstrong Flooring, II-VI …” on November 08, 2018. Seekingalpha.com‘s article titled: “Genesis Energy, LP (GEL) CEO Grant Sims on Q3 2018 Results – Earnings Call Transcript” and published on November 01, 2018 is yet another important article.

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

Among 4 analysts covering Genesis Energy (NYSE:GEL), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Genesis Energy had 7 analyst reports since July 11, 2018 according to SRatingsIntel. The firm has “Neutral” rating by Robert W. Baird given on Tuesday, September 4. The stock of Genesis Energy, L.P. (NYSE:GEL) earned “Equal-Weight” rating by Barclays Capital on Wednesday, July 11. As per Friday, November 2, the company rating was upgraded by RBC Capital Markets. The rating was maintained by Robert W. Baird on Friday, November 2 with “Neutral”. The firm has “Equal-Weight” rating given on Friday, October 12 by Barclays Capital. The rating was maintained by Barclays Capital on Friday, November 2 with “Equal-Weight”. The rating was maintained by UBS with “Buy” on Thursday, August 30.

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

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