Genesis Energy, L.P. (NYSE:GEL) Holdings Lifted by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its position in shares of Genesis Energy, L.P. (NYSE:GEL) by 19.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 208,150 shares of the pipeline company’s stock after buying an additional 34,614 shares during the quarter. Advisors Asset Management Inc. owned 0.17% of Genesis Energy worth $2,315,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Genesis Energy by 14.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,020,276 shares of the pipeline company’s stock valued at $67,126,000 after buying an additional 760,739 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in Genesis Energy by 1.4% during the fourth quarter. Westwood Holdings Group Inc. now owns 4,188,175 shares of the pipeline company’s stock valued at $48,499,000 after buying an additional 59,458 shares in the last quarter. Chickasaw Capital Management LLC boosted its stake in Genesis Energy by 4.6% during the first quarter. Chickasaw Capital Management LLC now owns 4,028,715 shares of the pipeline company’s stock valued at $44,799,000 after buying an additional 175,981 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Genesis Energy by 9.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,136,712 shares of the pipeline company’s stock valued at $24,743,000 after buying an additional 189,610 shares in the last quarter. Finally, UBS Group AG boosted its stake in Genesis Energy by 479.1% during the fourth quarter. UBS Group AG now owns 1,417,274 shares of the pipeline company’s stock valued at $16,412,000 after buying an additional 1,172,536 shares in the last quarter. Institutional investors own 66.82% of the company’s stock.

Genesis Energy Trading Up 2.1 %

Shares of NYSE GEL traded up $0.30 during mid-day trading on Friday, hitting $14.26. 190,030 shares of the company traded hands, compared to its average volume of 226,900. Genesis Energy, L.P. has a 1 year low of $8.05 and a 1 year high of $15.17. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 41.94 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 business has a 50 day moving average of $13.62 and a two-hundred day moving average of $12.38.

Genesis Energy (NYSE:GEL) last announced its earnings results on Thursday, May 2nd. The pipeline company reported ($0.09) 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 last year, the company posted ($0.21) earnings per share. The firm’s revenue was down 2.6% compared to the same quarter last year.

Genesis Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Wednesday, July 31st. Genesis Energy’s dividend payout ratio is 176.48%.

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.