BNP Paribas Financial Markets Decreases Holdings in Genesis Energy, L.P. (NYSE:GEL)

BNP Paribas Financial Markets decreased its stake in shares of Genesis Energy, L.P. (NYSE:GEL - Free Report) by 52.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 102,596 shares of the pipeline company's stock after selling 113,539 shares during the period. BNP Paribas Financial Markets owned 0.08% of Genesis Energy worth $1,037,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Invesco Ltd. boosted its holdings in Genesis Energy by 1.0% in the 4th quarter. Invesco Ltd. now owns 18,390,648 shares of the pipeline company's stock valued at $185,929,000 after purchasing an additional 178,369 shares during the period. JPMorgan Chase & Co. increased its position in Genesis Energy by 9.9% in the 4th quarter. JPMorgan Chase & Co. now owns 4,665,597 shares of the pipeline company's stock valued at $47,169,000 after acquiring an additional 418,555 shares during the period. ING Groep NV increased its position in Genesis Energy by 12.1% in the 4th quarter. ING Groep NV now owns 855,000 shares of the pipeline company's stock valued at $8,644,000 after acquiring an additional 92,300 shares during the period. Barclays PLC increased its position in Genesis Energy by 44.1% in the 4th quarter. Barclays PLC now owns 514,481 shares of the pipeline company's stock valued at $5,202,000 after acquiring an additional 157,401 shares during the period. Finally, Manning & Napier Advisors LLC increased its position in Genesis Energy by 40.0% in the 4th quarter. Manning & Napier Advisors LLC now owns 350,000 shares of the pipeline company's stock valued at $3,538,000 after acquiring an additional 100,000 shares during the period. Institutional investors own 66.82% of the company's stock.

Genesis Energy Stock Performance

NYSE GEL traded up $0.58 during trading hours on Monday, reaching $16.24. 512,617 shares of the company were exchanged, compared to its average volume of 488,459. Genesis Energy, L.P. has a 1 year low of $9.86 and a 1 year high of $16.44. The business's 50 day simple moving average is $14.52 and its 200-day simple moving average is $12.46. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 5.13. The stock has a market capitalization of $1.99 billion, a P/E ratio of -13.09 and a beta of 1.08.

Genesis Energy (NYSE:GEL - Get Free Report) last posted its earnings results on Thursday, May 8th. The pipeline company reported ($0.60) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.37). The business had revenue of $398.31 million during the quarter. Genesis Energy had a negative return on equity of 7.71% and a negative net margin of 2.16%. The firm's quarterly revenue was down 8.3% on a year-over-year basis. During the same period last year, the firm earned ($0.09) EPS.

Genesis Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.66 annualized dividend and a dividend yield of 4.07%. Genesis Energy's payout ratio is -12.67%.

Wall Street Analysts Forecast Growth

GEL has been the topic of a number of analyst reports. Royal Bank of Canada upped their price objective on shares of Genesis Energy from $14.00 to $15.00 and gave the company an "outperform" rating in a research note on Monday, March 17th. Wells Fargo & Company raised 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. Finally, Wall Street Zen downgraded shares of Genesis Energy from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st.

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.