Cwm LLC Sells 1,847 Shares of Genesis Energy, L.P. (NYSE:GEL)

Cwm LLC trimmed its holdings in shares of Genesis Energy, L.P. (NYSE:GEL) by 23.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,871 shares of the pipeline company’s stock after selling 1,847 shares during the quarter. Cwm LLC’s holdings in Genesis Energy were worth $68,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GEL. International Assets Investment Management LLC bought a new stake in shares of Genesis Energy during the fourth quarter worth $46,000. Van ECK Associates Corp increased its holdings in Genesis Energy by 26.6% during the 3rd quarter. Van ECK Associates Corp now owns 12,491 shares of the pipeline company’s stock worth $129,000 after purchasing an additional 2,622 shares in the last quarter. Nordwand Advisors LLC acquired a new stake in shares of Genesis Energy in the 3rd quarter valued at about $186,000. Kayne Anderson Capital Advisors LP raised its stake in shares of Genesis Energy by 42.8% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 19,700 shares of the pipeline company’s stock valued at $203,000 after purchasing an additional 5,900 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Genesis Energy in the fourth quarter valued at about $261,000. 66.82% of the stock is currently owned by institutional investors and hedge funds.

Genesis Energy Stock Up 0.7 %

GEL stock opened at $13.25 on Thursday. The business has a 50-day moving average of $11.65 and a 200-day moving average of $11.67. Genesis Energy, L.P. has a fifty-two week low of $8.05 and a fifty-two week high of $13.42. The stock has a market capitalization of $1.62 billion, a P/E ratio of 38.97 and a beta of 2.01. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.05 and a quick ratio of 0.90.

Genesis Energy (NYSE:GEL) last released its quarterly earnings results on Thursday, May 2nd. The pipeline company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.10). Genesis Energy had a return on equity of 14.70% and a net margin of 4.14%. The firm had revenue of $770.11 million for the quarter. During the same period in the prior year, the business posted ($0.21) earnings per share. The firm’s revenue was down 2.6% on a year-over-year basis.

Genesis Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date is Monday, April 29th. Genesis Energy’s dividend payout ratio (DPR) is currently 176.48%.

Genesis Energy 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.