Genesis Energy (NYSE:GEL) Hits New 1-Year Low – Here’s Why

Shares of Genesis Energy, L.P. (NYSE:GEL) reached a new 52-week low during trading on Tuesday . The company traded as low as $14.35 and last traded at $14.38, with a volume of 1080781 shares. The stock had previously closed at $15.13.

Analyst Ratings Changes

A number of research firms have recently commented on GEL. Wells Fargo & Company dropped their target price on shares of Genesis Energy from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Weiss Ratings raised shares of Genesis Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Genesis Energy Trading Down 2.1%

The business’s fifty day moving average is $16.25 and its 200-day moving average is $16.66. The firm has a market cap of $1.73 billion, a P/E ratio of -74.39 and a beta of 0.63. The company has a debt-to-equity ratio of 25.62, a quick ratio of 0.92 and a current ratio of 0.98.

Genesis Energy (NYSE:GEL) last issued its quarterly earnings data on Thursday, May 7th. The pipeline company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.22). The business had revenue of $446.56 million during 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 firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business earned ($4.06) EPS.

Genesis Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Thursday, April 30th. Genesis Energy’s dividend payout ratio (DPR) is -378.95%.

Insider Transactions at Genesis Energy

In other Genesis Energy news, SVP Garland G. Gaspard acquired 12,340 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average price of $16.34 per share, for a total transaction of $201,635.60. Following the acquisition, the senior vice president directly owned 36,881 shares in the company, valued at $602,635.54. This represents a 50.28% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 during the period. Morgan Stanley increased its position in Genesis Energy by 39.9% during the 4th quarter. Morgan Stanley now owns 4,054,770 shares of the pipeline company’s stock valued at $63,254,000 after purchasing an additional 1,156,884 shares during the period. Alps Advisors Inc. increased its position in Genesis Energy by 3.7% during the 4th quarter. Alps Advisors Inc. now owns 24,909,448 shares of the pipeline company’s stock valued at $388,587,000 after purchasing an additional 890,193 shares during the period. Goldman Sachs Group Inc. increased 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 purchasing an additional 478,530 shares during the period. Finally, UBS Group AG increased 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 purchasing an additional 432,771 shares during the period. 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.