Stock Traders Buy Large Volume of Genesis Energy Call Options (NYSE:GEL)

Genesis Energy, L.P. (NYSE:GEL) saw unusually large options trading on Monday. Investors bought 4,968 call options on the stock. This represents an increase of approximately 729% compared to the average volume of 599 call options.

Genesis Energy Price Performance

Genesis Energy stock opened at $13.21 on Tuesday. The business’s 50-day simple moving average is $10.89 and its 200 day simple moving average is $11.90. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of -10.65 and a beta of 2.13. Genesis Energy has a 12-month low of $9.86 and a 12-month high of $15.17. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 5.13.

Genesis Energy (NYSE:GEL) last released its earnings results on Thursday, February 13th. The pipeline company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.53). Genesis Energy had a negative net margin of 2.16% and a negative return on equity of 7.71%. The company had revenue of $725.55 million during the quarter.

Genesis Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend was Friday, January 31st. Genesis Energy’s dividend payout ratio is currently -53.23%.

Institutional Investors Weigh In On Genesis Energy

A number of hedge funds have recently modified their holdings of GEL. Jefferies Financial Group Inc. grew its holdings in shares of Genesis Energy by 1.3% during the fourth quarter. Jefferies Financial Group Inc. now owns 1,552,257 shares of the pipeline company’s stock worth $15,693,000 after buying an additional 20,000 shares in the last quarter. Cresset Asset Management LLC bought a new position in shares of Genesis Energy during the fourth quarter worth about $1,449,000. Captrust Financial Advisors grew its holdings in shares of Genesis Energy by 9.1% during the fourth quarter. Captrust Financial Advisors now owns 34,620 shares of the pipeline company’s stock worth $350,000 after buying an additional 2,900 shares in the last quarter. Ameriprise Financial Inc. bought a new position in shares of Genesis Energy during the fourth quarter worth about $126,000. Finally, Callodine Capital Management LP grew its holdings in shares of Genesis Energy by 40.0% during the fourth quarter. Callodine Capital Management LP now owns 350,000 shares of the pipeline company’s stock worth $3,538,000 after buying an additional 100,000 shares in the last quarter. 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.