Short Interest in Genesis Energy, L.P. (NYSE:GEL) Drops By 15.8%

Genesis Energy, L.P. (NYSE:GEL) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 3,410,000 shares, a drop of 15.8% from the January 31st total of 4,050,000 shares. Based on an average daily trading volume, of 569,900 shares, the short-interest ratio is presently 6.0 days. Currently, 3.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millburn Ridgefield Corp acquired a new stake in Genesis Energy during the 3rd quarter valued at $59,000. Wealth Enhancement Advisory Services LLC bought a new position in Genesis Energy during the 3rd quarter valued at $139,000. F M Investments LLC acquired a new position in Genesis Energy in the fourth quarter worth about $122,000. Ameriprise Financial Inc. acquired a new stake in shares of Genesis Energy during the 4th quarter valued at approximately $126,000. Finally, Stifel Financial Corp lifted its position in shares of Genesis Energy by 10.8% in the 3rd quarter. Stifel Financial Corp now owns 18,722 shares of the pipeline company’s stock worth $250,000 after buying an additional 1,819 shares during the last quarter. 66.82% of the stock is currently owned by institutional investors and hedge funds.

Genesis Energy Trading Down 0.5 %

Shares of GEL stock traded down $0.07 during trading hours on Wednesday, hitting $13.00. The company had a trading volume of 302,702 shares, compared to its average volume of 680,613. The company has a debt-to-equity ratio of 5.13, a current ratio of 1.03 and a quick ratio of 0.91. The stock has a market capitalization of $1.59 billion, a PE ratio of -10.51 and a beta of 2.13. The company’s fifty day moving average is $11.00 and its 200 day moving average is $11.89. Genesis Energy has a fifty-two week low of $9.86 and a fifty-two week high of $15.17.

Genesis Energy (NYSE:GEL) last issued its quarterly earnings results on Thursday, February 13th. The pipeline company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.53). Genesis Energy had a negative return on equity of 7.71% and a negative net margin of 2.16%. The company had revenue of $725.55 million for the quarter.

Genesis Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend was Friday, January 31st. Genesis Energy’s payout ratio is -53.23%.

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.