Genesis Energy (NYSE:GEL) Hits New 12-Month High at $14.47

Genesis Energy, L.P. (NYSE:GEL)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $14.47 and last traded at $14.46, with a volume of 165130 shares trading hands. The stock had previously closed at $14.31.

Genesis Energy Trading Up 0.3 %

The firm has a market capitalization of $1.77 billion, a P/E ratio of 42.44 and a beta of 2.11. The company has a quick ratio of 0.90, a current ratio of 1.05 and a debt-to-equity ratio of 4.39. The firm’s 50-day simple moving average is $13.02 and its 200-day simple moving average is $12.08.

Genesis Energy (NYSE:GEL) last announced its earnings results on Thursday, May 2nd. The pipeline company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.10). Genesis Energy had a net margin of 4.14% and a return on equity of 14.70%. The company had revenue of $770.11 million for the quarter. During the same period in the previous year, the firm posted ($0.21) EPS. Genesis Energy’s revenue was down 2.6% compared to the same quarter last year.

Genesis Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend was Monday, April 29th. Genesis Energy’s dividend payout ratio (DPR) is presently 176.48%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GEL. Exchange Traded Concepts LLC raised its stake in shares of Genesis Energy by 12.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 146,925 shares of the pipeline company’s stock worth $1,701,000 after acquiring an additional 16,261 shares in the last quarter. Chickasaw Capital Management LLC raised its stake in shares of Genesis Energy by 7.8% during the fourth quarter. Chickasaw Capital Management LLC now owns 3,852,734 shares of the pipeline company’s stock worth $44,615,000 after acquiring an additional 279,836 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of 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. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Genesis Energy during the fourth quarter worth approximately $261,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its stake in shares of Genesis Energy by 38.8% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,408,710 shares of the pipeline company’s stock worth $16,313,000 after acquiring an additional 394,055 shares in the last quarter. 66.82% of the stock is owned by hedge funds and other institutional investors.

Genesis Energy Company 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.