Genesis Energy, L.P. (NYSE:GEL) Stock Position Lifted by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. raised its position in shares of Genesis Energy, L.P. (NYSE:GEL - Free Report) by 19.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,861,276 shares of the pipeline company's stock after purchasing an additional 309,019 shares during the period. Jefferies Financial Group Inc. owned 1.52% of Genesis Energy worth $29,203,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alps Advisors Inc. boosted its stake in Genesis Energy by 16.6% during the 1st quarter. Alps Advisors Inc. now owns 24,020,175 shares of the pipeline company's stock valued at $376,877,000 after purchasing an additional 3,422,967 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in shares of Genesis Energy by 411.6% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 110,658 shares of the pipeline company's stock worth $1,736,000 after buying an additional 89,029 shares in the last quarter. Miller Howard Investments Inc. NY bought a new stake in shares of Genesis Energy during the 1st quarter worth about $19,336,000. Manning & Napier Advisors LLC raised its position in shares of Genesis Energy by 28.6% during the 1st quarter. Manning & Napier Advisors LLC now owns 450,000 shares of the pipeline company's stock worth $7,060,000 after buying an additional 100,000 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Genesis Energy by 34.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 49,197 shares of the pipeline company's stock worth $772,000 after buying an additional 12,677 shares in the last quarter. 66.82% of the stock is owned by institutional investors and hedge funds.

Genesis Energy Price Performance

Shares of NYSE GEL traded down $0.34 during midday trading on Friday, reaching $17.02. The company's stock had a trading volume of 521,610 shares, compared to its average volume of 441,649. The company has a current ratio of 1.48, a quick ratio of 1.42 and a debt-to-equity ratio of 18.33. The company has a 50 day moving average price of $16.69 and a 200 day moving average price of $14.41. Genesis Energy, L.P. has a one year low of $9.86 and a one year high of $17.77. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -3.35 and a beta of 1.09.

Genesis Energy (NYSE:GEL - Get Free Report) last released its earnings results on Thursday, July 31st. The pipeline company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.08). Genesis Energy had a negative return on equity of 20.17% and a negative net margin of 24.19%. The business had revenue of $377.35 million during the quarter. During the same quarter in the prior year, the firm earned ($0.25) EPS. Genesis Energy's quarterly revenue was down 12.3% on a year-over-year basis.

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 issued 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 dividend yield of 3.9%. Genesis Energy's payout ratio is currently -12.67%.

Analyst Upgrades and Downgrades

A number of research firms have commented on GEL. Wall Street Zen upgraded shares of Genesis Energy from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Royal Bank Of Canada boosted their price target on shares of Genesis Energy from $18.00 to $20.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Wells Fargo & Company boosted their price target on shares of Genesis Energy from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Friday.

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.