Kayne Anderson Capital Advisors LP Has $86,000 Holdings in Genesis Energy, L.P. (NYSE:GEL)

Kayne Anderson Capital Advisors LP reduced its holdings in shares of Genesis Energy, L.P. (NYSE:GEL) by 62.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,400 shares of the pipeline company’s stock after selling 12,300 shares during the quarter. Kayne Anderson Capital Advisors LP’s holdings in Genesis Energy were worth $86,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in shares of Genesis Energy during the fourth quarter valued at $46,000. Van ECK Associates Corp lifted its holdings in shares of Genesis Energy by 26.6% during the third quarter. Van ECK Associates Corp now owns 12,491 shares of the pipeline company’s stock valued at $129,000 after purchasing an additional 2,622 shares in the last quarter. Nordwand Advisors LLC bought a new position in shares of Genesis Energy during the third quarter valued at $186,000. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Genesis Energy during the fourth quarter valued at $261,000. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Genesis Energy by 6.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 27,156 shares of the pipeline company’s stock valued at $280,000 after purchasing an additional 1,532 shares in the last quarter. 66.82% of the stock is owned by institutional investors.

Genesis Energy Stock Performance

Genesis Energy stock traded down $0.06 during mid-day trading on Thursday, reaching $13.19. 25,930 shares of the stock traded hands, compared to its average volume of 367,670. The stock has a market capitalization of $1.62 billion, a PE ratio of 38.97 and a beta of 2.01. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.05 and a quick ratio of 0.90. Genesis Energy, L.P. has a 12-month low of $8.05 and a 12-month high of $13.42. The business’s 50-day moving average is $11.65 and its 200-day moving average is $11.67.

Genesis Energy (NYSE:GEL) last issued its quarterly earnings results on Thursday, May 2nd. The pipeline company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.10). Genesis Energy had a return on equity of 14.70% and a net margin of 4.14%. The company had revenue of $770.11 million during the quarter. During the same period last year, the firm posted ($0.21) EPS. The firm’s quarterly revenue was down 2.6% on a year-over-year basis.

Genesis Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Monday, April 29th. Genesis Energy’s payout ratio is currently 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.