Genesis Energy (NYSE:GEL) Shares Pass Above 200-Day Moving Average of $11.52

Shares of Genesis Energy, L.P. (NYSE:GEL) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.52 and traded as high as $12.48. Genesis Energy shares last traded at $12.32, with a volume of 340,358 shares trading hands.

Analyst Upgrades and Downgrades

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

Genesis Energy Stock Performance

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 company has a 50-day moving average price of $11.36 and a 200-day moving average price of $11.52. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 56.00 and a beta of 2.05.

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

Genesis Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.15 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.60 dividend on an annualized basis and a yield of 4.87%. Genesis Energy’s dividend payout ratio (DPR) is 272.73%.

Institutional Investors Weigh In On Genesis Energy

A number of institutional investors have recently added to or reduced their stakes in GEL. International Assets Investment Management LLC bought a new position in shares of Genesis Energy in the fourth quarter valued at $46,000. Mather Group LLC. bought a new position in shares of Genesis Energy in the first quarter valued at $55,000. Tower Research Capital LLC TRC increased its holdings in shares of Genesis Energy by 170.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,311 shares of the pipeline company’s stock valued at $62,000 after buying an additional 3,347 shares in the last quarter. CWM LLC increased its holdings in shares of Genesis Energy by 847.0% in the third quarter. CWM LLC now owns 7,718 shares of the pipeline company’s stock valued at $80,000 after buying an additional 6,903 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Genesis Energy by 26.6% in the third quarter. Van ECK Associates Corp now owns 12,491 shares of the pipeline company’s stock valued at $129,000 after buying an additional 2,622 shares in the last quarter. 66.82% of the stock is currently owned by institutional investors and hedge funds.

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.