Pick Up This Cheap Energy Stock Even Lower Than Senior Vice President Gaspard Did

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on May 18, Genesis Energy L.P.'s Senior Vice President, Garland G. Gaspard, invested $201,635.60 into 12,340 shares of GEL, for a cost per share of $16.34. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Tuesday, bargain hunters could buy shares of Genesis Energy L.P. (Symbol: GEL) and achieve a cost basis 1.1% cheaper than Gaspard, with shares changing hands as low as $16.16 per share. Genesis Energy L.P. shares are currently trading off about 1.3% on the day. The chart below shows the one year performance of GEL shares, versus its 200 day moving average:

Looking at the chart above, GEL's low point in its 52 week range is $14.7601 per share, with $18.64 as the 52 week high point — that compares with a last trade of $16.10. By comparison, below is a table showing the prices at which GEL insider buying was recorded over the last six months: PurchasedInsiderTitleSharesPrice/ShareValue05/18/2026Garland G. GaspardSenior Vice President12,340$16.34$201,635.60

Click here to find out which 9 other energy stock bargains you can buy cheaper than insiders »

Further GEL Research:

Institutional Holders of COAInstitutional Holders of SGBXSocially Responsible Dividend Stocks

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.