Are Institutional Investors Bearish on Genesis Energy?



Number of holders

In this article, we’ll analyze the institutional ownership of Genesis Energy (GEL). The number of holders in GEL increased to 258 on September 15, 2016, compared to 217 by the end of 2015. However, the percentage of float held decreased 2.3%.

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Number of buyers and sellers

From the start of 2016 through September 15, 2016, the number of buyers for Genesis Energy (GEL) decreased 3.5% while the number of new buyers increased 30.0%.

The number of sellers for GEL increased by 41.5% while the number of selloffs decreased 38.7% during the same timeframe. These numbers indicate a mixed sentiment for the stock.

Why are institutional investors bearish on GEL?

Institutional investors’ bearishness toward Genesis Energy could be attributed to the following factors:

  • weak operating performance from four out of five business segments
  • rising leverage
  • declining Deepwater rig count

Top five holders

Tortoise Capital Advisors, Massachusetts Mutual, ClearBridge Investments, Chickasaw Capital Management, and Alps Advisors are the top five institutional holders in Genesis Energy (GEL).

Tortoise Capital Advisors is the largest institutional holder in GEL, holding 7.1% in the company on September 15, 2016. ClearBridge Investments and Atlantic Trust Group increased their holdings in GEL 21.0% and 25.0%, respectively, according to the latest filings on June 30, 2016.

Harvest Fund Advisors and Goldman Sachs Group reduced their ownership percentage 25.0% and 13.0%, respectively.


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