Raymond James Financial Services Advisors Inc. Sells 2,092 Shares of Genesis Energy, L.P. (NYSE:GEL)

Raymond James Financial Services Advisors Inc. lowered its position in Genesis Energy, L.P. (NYSE:GEL) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,567 shares of the pipeline company’s stock after selling 2,092 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Genesis Energy were worth $1,755,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of GEL. Alps Advisors Inc. grew its holdings in Genesis Energy by 12.9% during the third 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 period. Invesco Ltd. grew its holdings in Genesis Energy by 5.6% during the third 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 period. Morgan Stanley grew its holdings in Genesis Energy by 35.7% during the fourth quarter. Morgan Stanley now owns 3,346,220 shares of the pipeline company’s stock valued at $34,165,000 after purchasing an additional 879,674 shares during the period. JPMorgan Chase & Co. grew its holdings in Genesis Energy by 9.9% during the third quarter. JPMorgan Chase & Co. now owns 5,709,013 shares of the pipeline company’s stock valued at $58,917,000 after purchasing an additional 513,886 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Genesis Energy by 24.6% during the second quarter. Goldman Sachs Group Inc. now owns 2,065,155 shares of the pipeline company’s stock valued at $16,563,000 after purchasing an additional 407,137 shares during the period. Institutional investors own 66.82% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Genesis Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th.

Genesis Energy Stock Performance

NYSE GEL opened at $11.99 on Friday. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 54.50 and a beta of 2.04. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 4.18. The business has a 50-day moving average price of $11.26 and a 200-day moving average price of $11.42. Genesis Energy, L.P. has a twelve month low of $8.05 and a twelve month high of $12.78.

Genesis Energy (NYSE:GEL) last released its quarterly earnings data on Thursday, February 15th. The pipeline company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.31). The business had revenue of $774.10 million during the quarter. Genesis Energy had a return on equity of 13.34% and a net margin of 3.71%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period last year, the business posted $0.15 earnings per share.

About Genesis Energy

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.