Genesis Energy, L.P. (NYSE:GEL) Shares Acquired by Brown Advisory Inc.

Brown Advisory Inc. boosted its holdings in shares of Genesis Energy, L.P. (NYSE:GEL - Free Report) by 374.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,445 shares of the pipeline company's stock after acquiring an additional 52,445 shares during the period. Brown Advisory Inc. owned about 0.05% of Genesis Energy worth $1,043,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sowell Financial Services LLC grew 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 worth $1,469,000 after buying an additional 1,250 shares in the last quarter. Mariner LLC grew its holdings in shares of Genesis Energy by 7.0% during the fourth quarter. Mariner LLC now owns 35,488 shares of the pipeline company's stock worth $359,000 after buying an additional 2,321 shares in the last quarter. Arrow Investment Advisors LLC grew its holdings in shares of Genesis Energy by 21.1% during the first quarter. Arrow Investment Advisors LLC now owns 13,686 shares of the pipeline company's stock worth $215,000 after buying an additional 2,381 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Genesis Energy by 6.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 48,246 shares of the pipeline company's stock worth $488,000 after buying an additional 2,717 shares in the last quarter. Finally, 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. Institutional investors and hedge funds own 66.82% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Genesis Energy from a "sell" rating to a "hold" rating in a report on Saturday, July 5th.

Genesis Energy Trading Down 1.1%

Genesis Energy stock traded down $0.18 during trading on Thursday, reaching $16.96. The company had a trading volume of 16,905 shares, compared to its average volume of 517,720. Genesis Energy, L.P. has a 12-month low of $9.86 and a 12-month high of $17.59. The stock's 50 day moving average price is $16.36 and its two-hundred day moving average price is $13.89. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of -3.30 and a beta of 1.05. 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 (NYSE:GEL - Get Free Report) last released its earnings results on Thursday, May 8th. The pipeline company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.37). Genesis Energy had a negative net margin of 20.98% and a negative return on equity of 19.28%. The company had revenue of $398.31 million during the quarter. During the same period last year, the firm posted ($0.09) EPS. The business's revenue for the quarter was down 8.3% compared to the same quarter last year.

Genesis Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be given a dividend of $0.165 per share. The ex-dividend date is Thursday, July 31st. This represents a $0.66 dividend on an annualized basis and a yield of 3.89%. Genesis Energy's dividend payout ratio (DPR) 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.