Genesis Energy, L.P. (NYSE:GEL) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. decreased its position in Genesis Energy, L.P. (NYSE:GEL) by 3.9% in the first quarter, Holdings Channel reports. The institutional investor owned 4,025,311 shares of the pipeline company’s stock after selling 162,864 shares during the period. Westwood Holdings Group Inc.’s holdings in Genesis Energy were worth $44,761,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. increased its holdings in Genesis Energy by 19.9% in the 1st quarter. Advisors Asset Management Inc. now owns 208,150 shares of the pipeline company’s stock worth $2,315,000 after acquiring an additional 34,614 shares in the last quarter. Paragon Associates & Paragon Associates II Joint Venture acquired a new stake in Genesis Energy during the 1st quarter worth $111,000. Oppenheimer Asset Management Inc. grew its holdings in shares of Genesis Energy by 4.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 33,435 shares of the pipeline company’s stock worth $372,000 after buying an additional 1,550 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Genesis Energy by 184.1% in the first quarter. GSA Capital Partners LLP now owns 120,932 shares of the pipeline company’s stock valued at $1,345,000 after buying an additional 78,369 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Genesis Energy by 14.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,020,276 shares of the pipeline company’s stock worth $67,126,000 after acquiring an additional 760,739 shares during the last quarter. 66.82% of the stock is currently owned by institutional investors and hedge funds.

Genesis Energy Price Performance

Shares of Genesis Energy stock traded down $0.11 on Friday, hitting $13.36. 504,268 shares of the company were exchanged, compared to its average volume of 278,645. The company has a quick ratio of 0.90, a current ratio of 1.05 and a debt-to-equity ratio of 4.39. The company has a 50-day moving average price of $13.71 and a 200 day moving average price of $12.43. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 39.30 and a beta of 2.11. Genesis Energy, L.P. has a 1-year low of $8.05 and a 1-year high of $15.17.

Genesis Energy (NYSE:GEL) last posted its quarterly earnings results on Thursday, August 1st. The pipeline company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.22). Genesis Energy had a return on equity of 8.12% and a net margin of 2.34%. The company had revenue of $756.26 million for the quarter. During the same quarter in the previous year, the company posted $0.22 EPS.

Genesis Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st will be paid a $0.15 dividend. The ex-dividend date is Wednesday, July 31st. This represents a $0.60 annualized dividend and a dividend yield of 4.49%. Genesis Energy’s dividend payout ratio (DPR) is 176.48%.

Genesis Energy 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.