Genesis Energy (NYSE:GEL) Sets New 52-Week High at $14.47

Genesis Energy, L.P. (NYSE:GEL)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $14.47 and last traded at $14.46, with a volume of 165130 shares. The stock had previously closed at $14.31.

Genesis Energy Trading Up 0.9 %

The firm has a market capitalization of $1.77 billion, a P/E ratio of 41.71 and a beta of 2.11. The stock’s 50-day simple moving average is $12.94 and its two-hundred day simple moving average is $12.04. 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 (NYSE:GEL) last posted 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). The business had revenue of $770.11 million for the quarter. Genesis Energy had a net margin of 4.14% and a return on equity of 14.70%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.21) earnings per share.

Genesis Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend was Monday, April 29th. Genesis Energy’s dividend payout ratio (DPR) is currently 176.48%.

Institutional Trading of Genesis Energy

Several hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new stake in Genesis Energy during the fourth quarter valued at $46,000. Mather Group LLC. purchased a new position in Genesis Energy during the 1st quarter worth $55,000. Tower Research Capital LLC TRC lifted its stake in shares of Genesis Energy by 170.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,311 shares of the pipeline company’s stock worth $62,000 after purchasing an additional 3,347 shares during the last quarter. Paragon Associates & Paragon Associates II Joint Venture acquired a new position in Genesis Energy during the 1st quarter valued at about $111,000. Finally, Pettinga Financial Advisors LLC raised its stake in shares of Genesis Energy by 9.9% in the first quarter. Pettinga Financial Advisors LLC now owns 22,270 shares of the pipeline company’s stock worth $248,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 66.82% of the company’s stock.

About Genesis Energy

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.