Genesis Energy (NYSE:GEL) Sees Unusually-High Trading Volume

Genesis Energy, L.P. (NYSE:GEL) shares saw unusually-high trading volume on Thursday . Approximately 534,106 shares were traded during mid-day trading, an increase of 49% from the previous session’s volume of 359,264 shares.The stock last traded at $13.13 and had previously closed at $13.94.

Genesis Energy Stock Down 0.8 %

The company has a quick ratio of 0.90, a current ratio of 1.05 and a debt-to-equity ratio of 4.39. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 39.30 and a beta of 2.11. The business’s fifty day moving average is $13.70 and its two-hundred day moving average is $12.42.

Genesis Energy (NYSE:GEL) last announced its quarterly earnings data on Thursday, August 1st. The pipeline company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.22). The business had revenue of $756.26 million during the quarter. Genesis Energy had a net margin of 2.34% and a return on equity of 8.12%. During the same period in the prior year, the business earned $0.22 EPS.

Genesis Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date is Wednesday, July 31st. Genesis Energy’s dividend payout ratio (DPR) is currently 176.48%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GEL. Pacer Advisors Inc. lifted its stake in Genesis Energy by 34.5% in the fourth quarter. Pacer Advisors Inc. now owns 46,839 shares of the pipeline company’s stock worth $542,000 after acquiring an additional 12,020 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Genesis Energy in the fourth quarter worth approximately $46,000. Sowell Financial Services LLC lifted its stake in Genesis Energy by 11.6% in the fourth quarter. Sowell Financial Services LLC now owns 84,926 shares of the pipeline company’s stock worth $983,000 after acquiring an additional 8,800 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Genesis Energy by 12.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,259,537 shares of the pipeline company’s stock worth $60,905,000 after buying an additional 587,429 shares during the last quarter. Finally, Arlington Trust Co LLC purchased a new stake in shares of Genesis Energy during the 4th quarter worth approximately $330,000. Hedge funds and other institutional investors own 66.82% of the company’s stock.

Genesis Energy Company Profile

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.