Gibson Energy (TSE:GEI) Director Maria Hooper Purchases 5,000 Shares

Key Points

• Director Acquisition: Gibson Energy Director Maria Hooper purchased 5,000 shares at C$25.72 each for a total of C$128,600, significantly increasing her position in the company.
• Dividend Announcement: The company declared a quarterly dividend of $0.43 per share, translating to an annualized yield of 6.6%, with a payout ratio of 173.20%.
• Analyst Ratings: Gibson Energy received various upgrades and downgrades from analysts, with a consensus rating of "Moderate Buy" and a target price of C$26.41, reflecting mixed outlooks for the stock.

Gibson Energy Inc. (TSE:GEI - Get Free Report) Director Maria Hooper acquired 5,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average cost of C$25.72 per share, with a total value of C$128,600.00. Following the completion of the purchase, the director directly owned 5,000 shares in the company, valued at C$128,600. This represents a ∞ increase in their ownership of the stock.

Gibson Energy Price Performance

TSE GEI traded up C$0.31 during mid-day trading on Friday, hitting C$26.23. The stock had a trading volume of 280,856 shares, compared to its average volume of 678,696. Gibson Energy Inc. has a 52-week low of C$19.63 and a 52-week high of C$26.32. The company has a market cap of C$4.29 billion, a price-to-earnings ratio of 27.04, a P/E/G ratio of 1.85 and a beta of 0.40. The company has a 50 day simple moving average of C$25.25 and a 200 day simple moving average of C$23.38. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33.

Gibson Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, September 30th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 6.6%. Gibson Energy's payout ratio is currently 173.20%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Gibson Energy from C$24.00 to C$25.00 and gave the company an "underweight" rating in a research note on Wednesday, August 20th. ATB Capital raised their price target on Gibson Energy from C$26.00 to C$27.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Jefferies Financial Group raised Gibson Energy from a "hold" rating to a "buy" rating and raised their price target for the stock from C$23.00 to C$28.00 in a research report on Wednesday, July 23rd. Raymond James Financial raised their price target on Gibson Energy from C$30.00 to C$30.50 and gave the stock a "strong-buy" rating in a research report on Tuesday, June 17th. Finally, TD Securities downgraded Gibson Energy from a "strong-buy" rating to a "hold" rating and raised their price target for the stock from C$24.00 to C$25.00 in a research report on Tuesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Gibson Energy has an average rating of "Moderate Buy" and a consensus target price of C$26.41.

Gibson Energy Company Profile

Gibson Energy Inc is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility.