Genesis Energy, L.P. (NYSE:GEL) Shares Sold by Cwm LLC

Cwm LLC lowered its stake in Genesis Energy, L.P. (NYSE:GEL) by 23.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,871 shares of the pipeline company’s stock after selling 1,847 shares during the quarter. Cwm LLC’s holdings in Genesis Energy were worth $68,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Chickasaw Capital Management LLC lifted its stake in shares of Genesis Energy by 7.8% in the 4th quarter. Chickasaw Capital Management LLC now owns 3,852,734 shares of the pipeline company’s stock worth $44,615,000 after acquiring an additional 279,836 shares during the period. Alps Advisors Inc. boosted its stake in Genesis Energy by 12.9% during the 3rd quarter. Alps Advisors Inc. now owns 18,765,802 shares of the pipeline company’s stock valued at $193,663,000 after purchasing an additional 2,141,538 shares in the last quarter. Invesco Ltd. increased its position in shares of Genesis Energy by 5.6% during the 3rd quarter. Invesco Ltd. now owns 17,421,425 shares of the pipeline company’s stock valued at $179,789,000 after purchasing an additional 924,567 shares during the period. Kayne Anderson Capital Advisors LP raised its stake in shares of Genesis Energy by 42.8% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 19,700 shares of the pipeline company’s stock worth $203,000 after buying an additional 5,900 shares in the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its holdings in shares of Genesis Energy by 38.8% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,408,710 shares of the pipeline company’s stock valued at $16,313,000 after buying an additional 394,055 shares during the period. Institutional investors own 66.82% of the company’s stock.

Genesis Energy Trading Up 0.7 %

Shares of GEL stock opened at $13.25 on Thursday. 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 stock has a 50-day simple moving average of $11.65 and a 200 day simple moving average of $11.67. Genesis Energy, L.P. has a fifty-two week low of $8.05 and a fifty-two week high of $13.42. The stock has a market capitalization of $1.62 billion, a P/E ratio of 38.97 and a beta of 2.01.

Genesis Energy (NYSE:GEL) last announced its quarterly earnings data on Thursday, May 2nd. The pipeline company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.10). Genesis Energy had a return on equity of 14.70% and a net margin of 4.14%. The business had revenue of $770.11 million during the quarter. During the same quarter in the prior year, the company earned ($0.21) earnings per share. Genesis Energy’s revenue was down 2.6% on a year-over-year basis.

Genesis Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.53%. The ex-dividend date is Monday, April 29th. Genesis Energy’s dividend payout ratio is presently 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.