22,574 Shares in Genesis Energy, L.P. (NYSE:GEL) Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH bought a new position in shares of Genesis Energy, L.P. (NYSE:GEL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,574 shares of the pipeline company’s stock, valued at approximately $261,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in Genesis Energy by 34.5% during the fourth quarter. Pacer Advisors Inc. now owns 46,839 shares of the pipeline company’s stock worth $542,000 after acquiring an additional 12,020 shares in the last quarter. Chickasaw Capital Management LLC raised its position in shares of Genesis Energy by 7.8% in the fourth quarter. Chickasaw Capital Management LLC now owns 3,852,734 shares of the pipeline company’s stock valued at $44,615,000 after purchasing an additional 279,836 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Genesis Energy by 12.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 146,925 shares of the pipeline company’s stock valued at $1,701,000 after purchasing an additional 16,261 shares during the period. RR Advisors LLC raised its position in shares of Genesis Energy by 2.3% in the third quarter. RR Advisors LLC now owns 5,232,000 shares of the pipeline company’s stock valued at $53,990,000 after purchasing an additional 119,000 shares during the period. Finally, Morgan Stanley raised its position in shares of Genesis Energy by 0.8% in the third quarter. Morgan Stanley now owns 2,851,386 shares of the pipeline company’s stock valued at $29,426,000 after purchasing an additional 22,907 shares during the period. 66.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Genesis Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th.

Genesis Energy Price Performance

Shares of GEL opened at $11.00 on Thursday. Genesis Energy, L.P. has a fifty-two week low of $8.05 and a fifty-two week high of $12.78. The firm has a market capitalization of $1.35 billion, a PE ratio of 50.00 and a beta of 2.06. The company’s 50-day moving average is $11.29 and its 200-day moving average is $11.36. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.00 and a quick ratio of 0.86.

Genesis Energy (NYSE:GEL) last released its quarterly earnings results on Thursday, February 15th. The pipeline company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.31). Genesis Energy had a return on equity of 13.34% and a net margin of 3.71%. The business had revenue of $774.10 million for the quarter. During the same quarter last year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year.

Genesis Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date was Tuesday, January 30th. Genesis Energy’s dividend payout ratio is 272.73%.

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.