Barclays PLC Boosts Stock Position in Genesis Energy, L.P. (NYSE:GEL)

Barclays PLC increased its stake in shares of Genesis Energy, L.P. (NYSE:GEL - Free Report) by 44.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 514,481 shares of the pipeline company's stock after buying an additional 157,401 shares during the quarter. Barclays PLC owned 0.42% of Genesis Energy worth $5,202,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GEL. Oppenheimer Asset Management Inc. raised its holdings in shares of Genesis Energy by 4.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 36,520 shares of the pipeline company's stock valued at $369,000 after purchasing an additional 1,584 shares during the last quarter. Stifel Financial Corp grew its position in Genesis Energy by 10.8% in the 3rd quarter. Stifel Financial Corp now owns 18,722 shares of the pipeline company's stock worth $250,000 after purchasing an additional 1,819 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Genesis Energy by 6.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 48,246 shares of the pipeline company's stock valued at $488,000 after buying an additional 2,717 shares during the last quarter. Pinnacle Holdings LLC lifted its position in shares of Genesis Energy by 2.4% during the 4th quarter. Pinnacle Holdings LLC now owns 234,890 shares of the pipeline company's stock worth $2,375,000 after buying an additional 5,481 shares in the last quarter. Finally, BBR Partners LLC boosted its stake in shares of Genesis Energy by 20.9% in the 4th quarter. BBR Partners LLC now owns 58,583 shares of the pipeline company's stock worth $592,000 after buying an additional 10,122 shares during the last quarter. 66.82% of the stock is owned by hedge funds and other institutional investors.

Genesis Energy Stock Performance

Shares of NYSE:GEL traded down $0.05 during mid-day trading on Thursday, reaching $13.69. The company had a trading volume of 102,745 shares, compared to its average volume of 487,991. Genesis Energy, L.P. has a one year low of $9.86 and a one year high of $16.44. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 5.13. The company's 50-day moving average price is $13.88 and its 200-day moving average price is $12.16. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of -11.04 and a beta of 1.39.

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

Genesis Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.165 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.66 dividend on an annualized basis and a yield of 4.82%. Genesis Energy's dividend payout ratio is presently -53.23%.

Analysts Set New Price Targets

GEL has been the topic of a number of recent analyst reports. Royal Bank of Canada lifted their price target on Genesis Energy from $14.00 to $15.00 and gave the stock an "outperform" rating in a report on Monday, March 17th. Wells Fargo & Company upgraded Genesis Energy from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $15.00 to $18.00 in a research note on Monday, March 17th.

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.