JPMorgan Chase Discloses Stake in Genesis Energy LP

TL;DR

**JPMorgan Chase just revealed a big stake in Genesis Energy, signaling institutional confidence.**

AI Summary

JPMorgan Chase & Co. reported on February 6, 2024, that it holds a significant stake in Genesis Energy, L.P. (NYSE: GEL) as of December 29, 2023. This filing indicates that JPMorgan Chase & Co. is a substantial institutional investor in Genesis Energy, holding common units. This matters to current and prospective Genesis Energy investors because it signals a major financial institution's confidence in the company, potentially influencing market perception and stability.

Why It Matters

A major financial institution like JPMorgan Chase & Co. holding a stake in Genesis Energy, L.P. can be seen as a vote of confidence, potentially attracting other investors and stabilizing the stock.

Risk Assessment

Risk Level: low — This filing indicates a major institutional investment, which generally reduces perceived risk for a company.

Analyst Insight

Investors should note the institutional backing from JPMorgan Chase & Co., which could signal stability and potential long-term value for Genesis Energy, L.P. This might warrant further research into Genesis Energy's fundamentals and future prospects.

Key Players & Entities

• JPMorgan Chase & Co. (company) — filer and institutional investor
• Genesis Energy, L.P. (company) — subject company whose securities are being reported
• December 29, 2023 (date) — date of event requiring the filing
• February 6, 2024 (date) — filing date

FAQ

Filing Documents

• GENESIS_ENERGY_LP.htm (SC 13G) — 86KB
• 0000019617-24-000175.txt ( ) — 88KB

From the Filing

SC 13G 1 GENESIS_ENERGY_LP.htm FILING GENESIS ENERGY, L.P. Schedule 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* GENESIS ENERGY, L.P. (Name of Issuer) Common units (Title of Class of Securities) 371927104 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(b) o Rule 13d-1(c) o Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 371927104 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) JPMORGAN CHASE & CO. 13-2624428 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 6,175,844 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 6,175,844 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,175,844 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0 % 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC FOOTNOTES Item 1. (a) Name of Issuer GENESIS ENERGY, L.P. (b) Address of Issuer's Principal Executive Offices 811 Louisiana, Suite 1200, Houston, TX 77002 Item 2. (a) Name of Person Filing JPMORGAN CHASE & CO. (b) Address of Principal Business Office or, if none, Residence 383 Madison Avenue New York, NY 10179 (c) Citizenship Delaware (d) Title of Class of Securities Common units (e) CUSIP Number 371927104 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) o An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) x A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) o A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 6,175,844 (b) Percent of class: 5.0 % (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 6,175,844 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 6,175,844 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o . Item 6. of More than Five Percent on Behalf of Another Person. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company J.P. Morgan Securities LLC Item 8. Identification and Classification of Members of the Group Not Applicable Item 9. Notice of Dissolution of Group Not Applicable Item 10. Certification By signing belo

View Full Filing

View this SC 13G filing on SEC EDGAR