Genesis Energy (NYSE:GEL) Trading 7.7% Higher – What’s Next?

Genesis Energy, L.P. (NYSE:GEL)’s stock price traded up 7.7% during trading on Thursday . The company traded as high as $11.16 and last traded at $11.21. 47,935 shares traded hands during trading, a decline of 93% from the average session volume of 685,460 shares. The stock had previously closed at $10.41.

Analysts Set New Price Targets

Separately, Capital One Financial raised Genesis Energy from an “equal weight” rating to an “overweight” rating in a report on Friday, November 1st.

Genesis Energy Stock Up 0.2 %

The business’s fifty day simple moving average is $10.54 and its 200 day simple moving average is $12.00. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 5.13. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -16.09 and a beta of 2.13.

Genesis Energy (NYSE:GEL) last announced its quarterly earnings data on Thursday, February 13th. The pipeline company reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.53). Genesis Energy had a negative return on equity of 0.31% and a negative net margin of 0.09%.

Genesis Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were given a $0.165 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.54%. Genesis Energy’s dividend payout ratio is -89.19%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millburn Ridgefield Corp bought a new stake in shares of Genesis Energy in the third quarter worth $59,000. F M Investments LLC bought a new stake in shares of Genesis Energy during the 4th quarter worth about $122,000. Wealth Enhancement Advisory Services LLC acquired a new position in Genesis Energy in the 3rd quarter valued at about $139,000. Stifel Financial Corp raised its holdings in Genesis Energy by 10.8% in the 3rd quarter. Stifel Financial Corp now owns 18,722 shares of the pipeline company’s stock valued at $250,000 after acquiring an additional 1,819 shares during the period. Finally, Mutual Advisors LLC raised its holdings in Genesis Energy by 101.8% in the 4th quarter. Mutual Advisors LLC now owns 31,912 shares of the pipeline company’s stock valued at $341,000 after acquiring an additional 16,099 shares during the period. 66.82% of the stock is currently owned by institutional investors.

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.