Genesis Energy, L.P. (NYSE:GEL) Shares Purchased by Arrow Investment Advisors LLC

Arrow Investment Advisors LLC grew its position in shares of Genesis Energy, L.P. (NYSE:GEL) by 21.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 13,686 shares of the pipeline company’s stock after purchasing an additional 2,381 shares during the quarter. Arrow Investment Advisors LLC’s holdings in Genesis Energy were worth $215,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. F M Investments LLC acquired a new position in Genesis Energy during the 4th quarter worth $122,000. Ameriprise Financial Inc. acquired a new stake in Genesis Energy in the fourth quarter worth about $126,000. Captrust Financial Advisors grew its position in Genesis Energy by 9.1% in the 4th quarter. Captrust Financial Advisors now owns 34,620 shares of the pipeline company’s stock valued at $350,000 after buying an additional 2,900 shares in the last quarter. Mariner LLC increased its stake in Genesis Energy by 7.0% during the 4th quarter. Mariner LLC now owns 35,488 shares of the pipeline company’s stock valued at $359,000 after buying an additional 2,321 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Genesis Energy by 4.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 36,520 shares of the pipeline company’s stock worth $369,000 after buying an additional 1,584 shares in the last quarter. Institutional investors own 66.82% of the company’s stock.

Analyst Ratings Changes

GEL has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded shares of Genesis Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $15.00 to $18.00 in a research note on Monday, March 17th. Wall Street Zen lowered Genesis Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. Finally, Royal Bank Of Canada lifted their target price on Genesis Energy from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Monday, March 17th.

Genesis Energy Trading Up 0.7%

Genesis Energy stock opened at $16.69 on Friday. The firm’s 50 day moving average price is $15.14 and its two-hundred day moving average price is $13.03. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of -3.20 and a beta of 1.03. The company has a debt-to-equity ratio of 18.33, a quick ratio of 1.42 and a current ratio of 1.48. Genesis Energy, L.P. has a 1 year low of $9.86 and a 1 year high of $16.96.

Genesis Energy (NYSE:GEL) last issued its quarterly earnings results on Thursday, May 8th. The pipeline company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.37). Genesis Energy had a negative return on equity of 19.28% and a negative net margin of 20.98%. The company had revenue of $398.31 million during the quarter. During the same quarter in the prior year, the company earned ($0.09) earnings per share. The company’s quarterly revenue was down 8.3% compared to the same quarter last year.

Genesis Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Wednesday, April 30th. Genesis Energy’s payout ratio is -12.67%.

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.