Genesis Energy (NYSE:GEL) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Genesis Energy, L.P. (NYSE:GEL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.24 and traded as high as $17.09. Genesis Energy shares last traded at $16.59, with a volume of 200,381 shares traded.

Wall Street Analyst Weigh In

GEL has been the subject of several recent research reports. Royal Bank Of Canada restated an “outperform” rating and issued a $20.00 price objective on shares of Genesis Energy in a report on Tuesday, December 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Genesis Energy in a report on Thursday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Genesis Energy currently has an average rating of “Moderate Buy” and a consensus target price of $19.50.

Genesis Energy Stock Performance

The business has a 50-day moving average of $15.84 and a two-hundred day moving average of $16.23. The company has a debt-to-equity ratio of 19.90, a current ratio of 0.97 and a quick ratio of 0.90. The company has a market cap of $2.06 billion, a P/E ratio of -3.49 and a beta of 0.84.

Genesis Energy (NYSE:GEL) last released its quarterly earnings results on Thursday, October 30th. The pipeline company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.18). Genesis Energy had a negative net margin of 26.61% and a negative return on equity of 28.39%. The firm had revenue of $414.00 million for the quarter. During the same period last year, the firm posted ($0.32) earnings per share. The business’s revenue was up 4.2% on a year-over-year basis.

Genesis Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.3%. This is a positive change from Genesis Energy’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, January 30th. Genesis Energy’s payout ratio is -13.72%.

Institutional Investors Weigh In On Genesis Energy

Large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 worth $107,285,000 after acquiring an additional 1,465,339 shares during the period. ING Groep NV raised its stake in shares of Genesis Energy by 63.5% in the third quarter. ING Groep NV now owns 2,375,800 shares of the pipeline company’s stock worth $39,700,000 after purchasing an additional 922,600 shares during the last quarter. Miller Howard Investments Inc. NY raised its stake in shares of Genesis Energy by 37.8% in the third quarter. Miller Howard Investments Inc. NY now owns 2,051,440 shares of the pipeline company’s stock worth $34,280,000 after purchasing an additional 562,850 shares during the last quarter. Alps Advisors Inc. lifted its holdings in shares of Genesis Energy by 2.4% during the third quarter. Alps Advisors Inc. now owns 24,019,255 shares of the pipeline company’s stock worth $401,362,000 after purchasing an additional 559,197 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Genesis Energy by 13.3% in the first quarter. Goldman Sachs Group Inc. now owns 4,074,810 shares of the pipeline company’s stock valued at $63,934,000 after buying an additional 478,530 shares during the last quarter. 66.82% of the stock is owned by hedge funds and other institutional investors.

Genesis Energy Company Profile

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.