Genesis Energy (NYSE:GEL) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of Genesis Energy, L.P. (NYSE:GEL) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.52 and traded as high as $17.80. Genesis Energy shares last traded at $17.7450, with a volume of 333,042 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Genesis Energy in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $19.50.

Genesis Energy Stock Performance

The firm has a market capitalization of $2.17 billion, a P/E ratio of -4.24 and a beta of 0.76. The company has a current ratio of 0.98, a quick ratio of 0.90 and a debt-to-equity ratio of 19.59. The company has a 50-day moving average of $17.65 and a 200-day moving average of $16.52.

Genesis Energy (NYSE:GEL) last announced its earnings results on Thursday, February 12th. The pipeline company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.24). The company had revenue of $440.76 million for the quarter. Genesis Energy had a negative return on equity of 10.04% and a negative net margin of 27.01%.The firm’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.58) earnings per share.

Genesis Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Friday, January 30th. This is an increase from Genesis Energy’s previous quarterly dividend of $0.17. Genesis Energy’s dividend payout ratio (DPR) is -17.18%.

Institutional Trading of Genesis Energy

A number of large investors have recently bought and sold shares of the business. Fulcrum Asset Management LLP acquired a new stake in Genesis Energy during the 3rd quarter worth about $26,000. Maryland State Retirement & Pension System grew its stake in shares of Genesis Energy by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 104,917 shares of the pipeline company’s stock valued at $1,637,000 after buying an additional 1,647 shares during the period. CWM LLC grew its stake in shares of Genesis Energy by 126.5% in the 3rd quarter. CWM LLC now owns 3,106 shares of the pipeline company’s stock valued at $52,000 after buying an additional 1,735 shares during the period. SG Americas Securities LLC grew its stake in shares of Genesis Energy by 22.4% in the 3rd quarter. SG Americas Securities LLC now owns 9,546 shares of the pipeline company’s stock valued at $160,000 after buying an additional 1,745 shares during the period. Finally, Mather Group LLC. acquired a new stake in shares of Genesis Energy in the 3rd quarter valued at about $30,000. 66.82% of the stock is currently owned by institutional investors and hedge funds.

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.