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

Genesis Energy, L.P. (NYSE:GEL)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $16.24 and traded as high as $17.09. Genesis Energy shares last traded at $16.59, with a volume of 200,381 shares.

Analysts Set New Price Targets

Several research analysts recently issued reports on GEL shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genesis Energy in a research report on Wednesday, October 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $20.00 price target on shares of Genesis Energy in a research note 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

Genesis Energy Stock Performance

The company has a debt-to-equity ratio of 19.90, a quick ratio of 0.90 and a current ratio of 0.97. The company has a market cap of $2.03 billion, a PE ratio of -3.45 and a beta of 0.84. The business’s 50-day moving average is $15.83 and its 200 day moving average is $16.24.

Genesis Energy (NYSE:GEL) last announced its quarterly earnings data on Thursday, October 30th. The pipeline company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.18). The company had revenue of $414.00 million for the quarter. Genesis Energy had a negative net margin of 26.61% and a negative return on equity of 28.39%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.32) earnings per share.

Genesis Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be issued a $0.18 dividend. This is a positive change from Genesis Energy’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, January 30th. Genesis Energy’s dividend payout ratio (DPR) is -13.72%.

Institutional Trading of Genesis Energy

A number of institutional investors have recently modified their holdings of GEL. Fulcrum Asset Management LLP bought a new stake in shares of Genesis Energy in the third quarter worth about $26,000. Mather Group LLC. purchased a new stake in Genesis Energy in the 3rd quarter worth approximately $30,000. Geneos Wealth Management Inc. bought a new stake in shares of Genesis Energy in the 2nd quarter worth approximately $49,000. CWM LLC increased its stake in shares of Genesis Energy by 126.5% during the third 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. Finally, Jones Financial Companies Lllp purchased a new position in shares of Genesis Energy during the first quarter valued at approximately $108,000. 66.82% of the stock is currently owned by hedge funds and other institutional investors.

About Genesis Energy

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.