Fort Washington Investment Advisors Inc. OH Raises Holdings in Genesis Energy, L.P. (NYSE:GEL)

Fort Washington Investment Advisors Inc. OH grew its holdings in Genesis Energy, L.P. (NYSE:GEL - Free Report) by 411.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 110,658 shares of the pipeline company's stock after purchasing an additional 89,029 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.09% of Genesis Energy worth $1,736,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GEL. Jefferies Financial Group Inc. grew its holdings in Genesis Energy by 1.3% during the fourth quarter. Jefferies Financial Group Inc. now owns 1,552,257 shares of the pipeline company's stock valued at $15,693,000 after purchasing an additional 20,000 shares during the period. Cresset Asset Management LLC bought a new position in shares of Genesis Energy during the 4th quarter worth approximately $1,449,000. Captrust Financial Advisors increased its stake in Genesis Energy by 9.1% in the 4th quarter. Captrust Financial Advisors now owns 34,620 shares of the pipeline company's stock valued at $350,000 after buying an additional 2,900 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in Genesis Energy during the fourth quarter valued at approximately $126,000. Finally, Callodine Capital Management LP grew its stake in shares of Genesis Energy by 40.0% in the fourth quarter. Callodine Capital Management LP now owns 350,000 shares of the pipeline company's stock valued at $3,538,000 after buying an additional 100,000 shares in the last quarter. Institutional investors and hedge funds own 66.82% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GEL shares. Wall Street Zen lowered Genesis Energy from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Royal Bank Of Canada boosted their price target on Genesis Energy from $14.00 to $15.00 and gave the company an "outperform" rating in a research note on Monday, March 17th. Finally, Wells Fargo & Company upgraded shares of Genesis Energy from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $15.00 to $18.00 in a research report on Monday, March 17th.

Genesis Energy Trading Down 0.7%

Shares of GEL traded down $0.12 during mid-day trading on Tuesday, reaching $16.52. 550,137 shares of the company were exchanged, compared to its average volume of 497,018. The business has a 50 day simple moving average of $15.00 and a two-hundred day simple moving average of $12.97. 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, L.P. has a 52 week low of $9.86 and a 52 week high of $16.96. The stock has a market capitalization of $2.02 billion, a PE ratio of -3.17 and a beta of 1.03.

Genesis Energy (NYSE:GEL - Get Free Report) last announced 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). Genesis Energy had a negative return on equity of 19.28% and a negative net margin of 20.98%. The company had revenue of $398.31 million for the quarter. During the same period last year, the business posted ($0.09) earnings per share. The firm's revenue for the quarter was down 8.3% on a year-over-year basis.

Genesis Energy Dividend Announcement

The company 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 was Wednesday, April 30th. This represents a $0.66 annualized dividend and a dividend yield of 4.00%. Genesis Energy's payout ratio 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.