Genesis Energy (NYSE:GEL) Trading Down 2.8%

Genesis Energy, L.P. (NYSE:GEL) shares fell 2.8% during mid-day trading on Thursday . The company traded as low as $12.97 and last traded at $12.98. 98,804 shares were traded during mid-day trading, a decline of 73% from the average session volume of 366,239 shares. The stock had previously closed at $13.35.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Genesis Energy from a “hold” rating to a “sell” rating in a report on Monday, August 5th.

Genesis Energy Stock Performance

The company has a quick ratio of 0.96, a current ratio of 1.09 and a debt-to-equity ratio of 4.74. The company has a market cap of $1.58 billion, a PE ratio of 37.94 and a beta of 2.10. The business’s fifty day moving average is $13.55 and its 200-day moving average is $12.87.

Genesis Energy (NYSE:GEL) last issued its quarterly earnings results on Thursday, August 1st. The pipeline company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.22). The firm had revenue of $756.26 million for the quarter. Genesis Energy had a net margin of 2.34% and a return on equity of 8.26%. During the same quarter in the prior year, the company earned $0.22 earnings per share.

Genesis Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.65%. The ex-dividend date was Wednesday, July 31st. Genesis Energy’s payout ratio is currently 176.47%.

Insider Buying and Selling

In other Genesis Energy news, VP Garland G. Gaspard purchased 2,261 shares of Genesis Energy stock in a transaction that occurred on Tuesday, August 6th. The shares were bought at an average price of $13.27 per share, for a total transaction of $30,003.47. Following the completion of the transaction, the vice president now owns 19,525 shares of the company’s stock, valued at approximately $259,096.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Genesis Energy

Several large investors have recently bought and sold shares of GEL. UBS Group AG increased its position in Genesis Energy by 479.1% in the fourth quarter. UBS Group AG now owns 1,417,274 shares of the pipeline company’s stock worth $16,412,000 after purchasing an additional 1,172,536 shares during the last quarter. Wells Fargo & Company MN increased its position in Genesis Energy by 24.5% during the fourth quarter. Wells Fargo & Company MN now owns 988,690 shares of the pipeline company’s stock valued at $11,449,000 after acquiring an additional 194,258 shares during the last quarter. Westwood Holdings Group Inc. increased its position 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 acquiring an additional 59,458 shares during the last quarter. Tortoise Index Solutions LLC increased its position in Genesis Energy by 12.7% during the fourth quarter. Tortoise Index Solutions LLC now owns 147,282 shares of the pipeline company’s stock valued at $1,706,000 after acquiring an additional 16,618 shares during the last quarter. Finally, Pinnacle Holdings LLC increased its position in Genesis Energy by 5.4% during the fourth quarter. Pinnacle Holdings LLC now owns 207,630 shares of the pipeline company’s stock valued at $2,404,000 after acquiring an additional 10,700 shares during the last quarter. Institutional investors own 66.82% of the company’s stock.

About Genesis Energy

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.