Fort Washington Investment Advisors Inc. OH Increases Stock Position in Genesis Energy, L.P. (NYSE:GEL)

Fort Washington Investment Advisors Inc. OH boosted its position in shares of Genesis Energy, L.P. (NYSE:GEL - Free Report) by 411.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,658 shares of the pipeline company's stock after acquiring an additional 89,029 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.09% of Genesis Energy worth $1,736,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Concurrent Investment Advisors LLC purchased a new position in Genesis Energy in the 4th quarter valued at approximately $920,000. ING Groep NV boosted its holdings in Genesis Energy by 12.1% in the fourth quarter. ING Groep NV now owns 855,000 shares of the pipeline company's stock valued at $8,644,000 after purchasing an additional 92,300 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in 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 period. Raymond James Financial Inc. acquired a new position in Genesis Energy during the 4th quarter worth $943,000. Finally, BBR Partners LLC increased its holdings in Genesis Energy by 20.9% during the 4th quarter. BBR Partners LLC now owns 58,583 shares of the pipeline company's stock worth $592,000 after purchasing an additional 10,122 shares during the period. 66.82% of the stock is owned by institutional investors and hedge funds.

Genesis Energy Stock Performance

NYSE:GEL remained flat at $16.75 during trading hours on Friday. The company had a trading volume of 1,006,635 shares, compared to its average volume of 495,874. Genesis Energy, L.P. has a 52-week low of $9.86 and a 52-week high of $16.96. The company has a debt-to-equity ratio of 5.13, a current ratio of 1.03 and a quick ratio of 0.91. The company has a market capitalization of $2.05 billion, a PE ratio of -13.51 and a beta of 1.03. The company has a 50-day simple moving average of $14.85 and a two-hundred day simple moving average of $12.90.

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

Genesis Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend was Wednesday, April 30th. Genesis Energy's dividend payout ratio (DPR) is -12.67%.

Analyst Upgrades and Downgrades

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

Genesis Energy Company 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.