Genesis Energy (NYSE:GEL) Shares Pass Above 200-Day Moving Average of $11.52

Genesis Energy, L.P. (NYSE:GEL)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.52 and traded as high as $12.48. Genesis Energy shares last traded at $12.32, with a volume of 340,358 shares traded.

Analyst Ratings Changes

Separately, StockNews.com lowered Genesis Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th.

Genesis Energy Price Performance

The stock has a 50 day simple moving average of $11.36 and a two-hundred day simple moving average of $11.52. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 56.00 and a beta of 2.05. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.00 and a quick ratio of 0.86.

Genesis Energy (NYSE:GEL) last released its quarterly earnings data on Thursday, February 15th. The pipeline company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.31). The company had revenue of $774.10 million for the quarter. Genesis Energy had a return on equity of 13.34% and a net margin of 3.71%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 earnings per share.

Genesis Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.87%. The ex-dividend date is Monday, April 29th. Genesis Energy’s dividend payout ratio (DPR) is presently 272.73%.

Hedge Funds Weigh In On Genesis Energy

Several large investors have recently modified their holdings of the business. Maryland State Retirement & Pension System lifted its stake in shares of Genesis Energy by 2.8% in the 1st quarter. Maryland State Retirement & Pension System now owns 95,184 shares of the pipeline company’s stock valued at $1,117,000 after purchasing an additional 2,625 shares during the last quarter. Pettinga Financial Advisors LLC lifted its stake in shares of Genesis Energy by 9.9% in the 1st quarter. Pettinga Financial Advisors LLC now owns 22,270 shares of the pipeline company’s stock valued at $248,000 after purchasing an additional 2,000 shares during the last quarter. Sanders Morris Harris LLC purchased a new stake in shares of Genesis Energy in the 1st quarter valued at $1,372,000. Mather Group LLC. purchased a new stake in shares of Genesis Energy in the 1st quarter valued at $55,000. Finally, Chickasaw Capital Management LLC raised its holdings in shares of Genesis Energy by 4.6% in the 1st quarter. Chickasaw Capital Management LLC now owns 4,028,715 shares of the pipeline company’s stock valued at $44,799,000 after buying an additional 175,981 shares during the period. Institutional investors and hedge funds own 66.82% of the company’s stock.

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.