Genesis Energy (NYSE:GEL) Hits New 12-Month High at $13.50

Genesis Energy, L.P. (NYSE:GELGet Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $13.50 and last traded at $13.34, with a volume of 910008 shares changing hands. The stock had previously closed at $12.53.

Genesis Energy Stock Performance

The company has a current ratio of 1.05, a quick ratio of 0.90 and a debt-to-equity ratio of 4.39. The firm has a 50-day moving average of $12.46 and a 200-day moving average of $11.90. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 40.50 and a beta of 2.06.

Genesis Energy (NYSE:GELGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The pipeline company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.10). Genesis Energy had a return on equity of 14.70% and a net margin of 4.14%. The company had revenue of $770.11 million for the quarter. During the same quarter in the prior year, the company earned ($0.21) earnings per share. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year.

Genesis Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend was Monday, April 29th. Genesis Energy’s dividend payout ratio (DPR) is 176.48%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GEL. UBS Group AG increased its holdings in shares of Genesis Energy by 479.1% during the 4th quarter. UBS Group AG now owns 1,417,274 shares of the pipeline company’s stock worth $16,412,000 after buying an additional 1,172,536 shares during the last quarter. Chickasaw Capital Management LLC increased its holdings in shares of Genesis Energy by 7.8% during the 4th quarter. Chickasaw Capital Management LLC now owns 3,852,734 shares of the pipeline company’s stock worth $44,615,000 after buying an additional 279,836 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Genesis Energy by 24.5% during the 4th quarter. Wells Fargo & Company MN now owns 988,690 shares of the pipeline company’s stock worth $11,449,000 after buying an additional 194,258 shares during the last quarter. Alps Advisors Inc. increased its holdings in Genesis Energy by 12.9% in the 3rd quarter. Alps Advisors Inc. now owns 18,765,802 shares of the pipeline company’s stock valued at $193,663,000 after purchasing an additional 2,141,538 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Genesis Energy by 5.6% in the 3rd quarter. Invesco Ltd. now owns 17,421,425 shares of the pipeline company’s stock valued at $179,789,000 after purchasing an additional 924,567 shares during the last quarter. 66.82% of the stock is owned by hedge funds and other institutional investors.

About Genesis Energy

(Get Free Report)

Genesis Energy, L.P. provides integrated suite of midstream services in crude oil and natural gas industry in the United States. It operates through Offshore Pipeline Transportation, Soda and Sulfur Services, Marine Transportation, and Onshore Facilities and Transportation segments. The Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations, as well as deep water pipeline servicing.

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