Chickasaw Capital Management LLC Has $43.67 Million Holdings in Genesis Energy, L.P. $GEL

Chickasaw Capital Management LLC lessened its holdings in shares of Genesis Energy, L.P. (NYSE:GEL) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,799,160 shares of the pipeline company’s stock after selling 46,665 shares during the quarter. Genesis Energy makes up 1.8% of Chickasaw Capital Management LLC’s investment portfolio, making the stock its 11th largest holding. Chickasaw Capital Management LLC owned 2.29% of Genesis Energy worth $43,667,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in shares of Genesis Energy by 220.6% during the first quarter. Royal Bank of Canada now owns 177,686 shares of the pipeline company’s stock worth $2,788,000 after purchasing an additional 122,271 shares during the period. Jones Financial Companies Lllp acquired a new position in Genesis Energy in the 1st quarter valued at approximately $108,000. Goldman Sachs Group Inc. increased its stake in Genesis Energy by 13.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,074,810 shares of the pipeline company’s stock valued at $63,934,000 after buying an additional 478,530 shares during the period. Cetera Investment Advisers raised its holdings in shares of Genesis Energy by 42.9% during the second quarter. Cetera Investment Advisers now owns 17,543 shares of the pipeline company’s stock worth $302,000 after acquiring an additional 5,267 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Genesis Energy by 4.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,883,712 shares of the pipeline company’s stock worth $84,146,000 after purchasing an additional 220,616 shares in the last quarter. Institutional investors and hedge funds own 66.82% of the company’s stock.

Genesis Energy Trading Up 0.5%

Shares of NYSE:GEL opened at $17.70 on Tuesday. The company has a debt-to-equity ratio of 19.59, a quick ratio of 0.90 and a current ratio of 0.98. The stock’s 50-day moving average is $17.44 and its 200-day moving average is $16.42. The company has a market cap of $2.17 billion, a P/E ratio of -4.23 and a beta of 0.80. Genesis Energy, L.P. has a 52-week low of $11.87 and a 52-week high of $18.64.

Genesis Energy (NYSE:GEL) last issued its quarterly 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 return on equity of 10.04% and a negative net margin of 27.01%.The firm’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.58) EPS.

Genesis Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were paid a dividend of $0.18 per share. This is a positive change from Genesis Energy’s previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, January 30th. Genesis Energy’s dividend payout ratio is presently -17.18%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genesis Energy in a research note on Thursday, January 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of Genesis Energy in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Genesis Energy has an average rating of “Moderate Buy” and a consensus price target of $19.50.

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.