Genesis Energy, L.P. (NYSE:GEL) is Alps Advisors Inc.'s 10th Largest Position

Alps Advisors Inc. raised its stake in shares of Genesis Energy, L.P. (NYSE:GEL - Free Report) by 16.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,020,175 shares of the pipeline company's stock after buying an additional 3,422,967 shares during the quarter. Genesis Energy comprises about 2.2% of Alps Advisors Inc.'s investment portfolio, making the stock its 10th biggest holding. Alps Advisors Inc. owned about 19.61% of Genesis Energy worth $376,877,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in GEL. Sowell Financial Services LLC raised its holdings in shares of Genesis Energy by 1.4% during the first quarter. Sowell Financial Services LLC now owns 93,651 shares of the pipeline company's stock valued at $1,469,000 after purchasing an additional 1,250 shares during the last quarter. Mariner LLC boosted its stake in shares of Genesis Energy by 7.0% in the fourth quarter. Mariner LLC now owns 35,488 shares of the pipeline company's stock worth $359,000 after acquiring an additional 2,321 shares during the period. Arrow Investment Advisors LLC grew its holdings in Genesis Energy by 21.1% during the 1st quarter. Arrow Investment Advisors LLC now owns 13,686 shares of the pipeline company's stock valued at $215,000 after buying an additional 2,381 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Genesis Energy by 6.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 48,246 shares of the pipeline company's stock valued at $488,000 after acquiring an additional 2,717 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of Genesis Energy by 9.1% in the fourth quarter. Captrust Financial Advisors now owns 34,620 shares of the pipeline company's stock worth $350,000 after purchasing an additional 2,900 shares during the last quarter. 66.82% of the stock is owned by institutional investors.

Genesis Energy Stock Performance

NYSE:GEL traded down $0.35 during trading hours on Friday, reaching $17.07. The company had a trading volume of 184,062 shares, compared to its average volume of 513,764. The firm has a market cap of $2.09 billion, a PE ratio of -3.28 and a beta of 1.05. The company has a debt-to-equity ratio of 18.33, a current ratio of 1.48 and a quick ratio of 1.42. The business's 50 day moving average price is $16.18 and its 200-day moving average price is $13.79. Genesis Energy, L.P. has a 1-year low of $9.86 and a 1-year high of $17.59.

Genesis Energy (NYSE:GEL - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The pipeline company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.37). The firm had revenue of $398.31 million for the quarter. Genesis Energy had a negative return on equity of 19.28% and a negative net margin of 20.98%. The company's quarterly revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.09) EPS.

Genesis Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Thursday, July 31st will be paid a $0.165 dividend. The ex-dividend date is Thursday, July 31st. This represents a $0.66 annualized dividend and a dividend yield of 3.87%. Genesis Energy's dividend payout ratio (DPR) is -12.67%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Genesis Energy from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Wells Fargo & Company raised shares of Genesis Energy from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $15.00 to $18.00 in a research report on Monday, March 17th. Finally, Royal Bank Of Canada increased their price target on Genesis Energy from $14.00 to $15.00 and gave the stock an "outperform" rating in a research report 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.