Genesis Energy (NYSE:GEL) Shares Pass Above 200-Day Moving Average – Time to Sell?

Genesis Energy, L.P. (NYSE:GEL)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.39 and traded as high as $17.94. Genesis Energy shares last traded at $17.5850, with a volume of 226,987 shares trading hands.

Analyst Upgrades and Downgrades

GEL has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Genesis Energy in a report on Thursday, January 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $20.00 price target on shares of Genesis Energy in a report on Tuesday, December 2nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

Genesis Energy Stock Performance

The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 19.59. The firm has a market cap of $2.15 billion, a P/E ratio of -4.20 and a beta of 0.80. The business has a fifty day simple moving average of $17.25 and a 200-day simple moving average of $16.39.

Genesis Energy (NYSE:GEL) last announced its earnings results on Thursday, February 12th. The pipeline company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.24). The business had revenue of $440.76 million for the quarter. Genesis Energy had a negative net margin of 27.01% and a negative return on equity of 10.04%. The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.58) EPS.

Genesis Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.1%. This is an increase from Genesis Energy’s previous quarterly dividend of $0.17. Genesis Energy’s payout ratio is presently -17.18%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GEL. Royal Bank of Canada increased its position in Genesis Energy by 220.6% during the 1st quarter. Royal Bank of Canada now owns 177,686 shares of the pipeline company’s stock valued at $2,788,000 after buying an additional 122,271 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Genesis Energy in the first quarter worth $108,000. Goldman Sachs Group Inc. increased its holdings in shares of Genesis Energy by 13.3% during the first quarter. Goldman Sachs Group Inc. now owns 4,074,810 shares of the pipeline company’s stock valued at $63,934,000 after acquiring an additional 478,530 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Genesis Energy by 21.6% during the second quarter. Envestnet Asset Management Inc. now owns 100,652 shares of the pipeline company’s stock valued at $1,734,000 after acquiring an additional 17,857 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of Genesis Energy in the 2nd quarter worth about $251,000. Institutional investors own 66.82% of the company’s stock.

Genesis Energy Company Profile

Genesis Energy LP (NYSE: GEL) is a publicly traded master limited partnership headquartered in Houston, Texas, that owns and operates a diversified portfolio of energy infrastructure assets in the United States. The company’s primary focus is on the transportation, storage and delivery of refined petroleum products, serving major domestic markets across the Gulf Coast, Atlantic Seaboard and inland waterway systems.

Genesis Energy’s operations are organized into several key business segments.