Genesis Energy (NYSE:GEL) Reaches New 12-Month Low – Here’s Why

Genesis Energy, L.P. (NYSE:GEL) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $13.80 and last traded at $14.4210, with a volume of 3043320 shares. The stock had previously closed at $14.47.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on Genesis Energy from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Weiss Ratings cut shares of Genesis Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.00.

Genesis Energy Stock Performance

The company has a debt-to-equity ratio of 25.62, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a market cap of $1.74 billion, a PE ratio of -74.87 and a beta of 0.63. The business has a 50 day moving average price of $16.13 and a two-hundred day moving average price of $16.64.

Genesis Energy (NYSE:GEL) last posted its quarterly earnings results on Thursday, May 7th. The pipeline company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.22). The firm had revenue of $446.56 million for the quarter, compared to the consensus estimate of $446.56 million. Genesis Energy had a net margin of 2.11% and a return on equity of 23.65%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($4.06) earnings per share.

Genesis Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Thursday, April 30th. Genesis Energy’s dividend payout ratio is -378.95%.

Insider Buying and Selling at Genesis Energy

In other news, SVP Garland G. Gaspard bought 12,340 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was bought at an average cost of $16.34 per share, for a total transaction of $201,635.60. Following the completion of the acquisition, the senior vice president owned 36,881 shares in the company, valued at approximately $602,635.54. This trade represents a 50.28% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Genesis Energy by 29.6% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,420,400 shares of the pipeline company’s stock valued at $107,285,000 after purchasing an additional 1,465,339 shares in the last quarter. Morgan Stanley raised its stake in Genesis Energy by 39.9% in the fourth quarter. Morgan Stanley now owns 4,054,770 shares of the pipeline company’s stock worth $63,254,000 after buying an additional 1,156,884 shares in the last quarter. Alps Advisors Inc. lifted its holdings in Genesis Energy by 3.7% in the fourth quarter. Alps Advisors Inc. now owns 24,909,448 shares of the pipeline company’s stock worth $388,587,000 after buying an additional 890,193 shares during the period. Goldman Sachs Group Inc. boosted its position in Genesis Energy by 13.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,074,810 shares of the pipeline company’s stock valued at $63,934,000 after acquiring an additional 478,530 shares in the last quarter. Finally, UBS Group AG boosted its position in Genesis Energy by 31.3% during the 4th quarter. UBS Group AG now owns 1,814,140 shares of the pipeline company’s stock valued at $28,301,000 after acquiring an additional 432,771 shares in the last quarter. Institutional investors own 66.82% of the company’s stock.

About Genesis Energy

Genesis Energy LP (NYSE: GEL) is a publicly traded master limited partnership headquartered in Houston, Texas, that owns and operates a diversified portfolio of energy infrastructure assets in the United States. The company’s primary focus is on the transportation, storage and delivery of refined petroleum products, serving major domestic markets across the Gulf Coast, Atlantic Seaboard and inland waterway systems.

Genesis Energy’s operations are organized into several key business segments.