Genesis Energy, L.P. (NYSE:GEL) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. cut its stake in Genesis Energy, L.P. (NYSE:GEL - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,722,189 shares of the pipeline company's stock after selling 185,218 shares during the period. Westwood Holdings Group Inc. owned about 3.04% of Genesis Energy worth $37,631,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jefferies Financial Group Inc. lifted its position in Genesis Energy by 1.3% in 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 acquiring an additional 20,000 shares during the last quarter. Cresset Asset Management LLC purchased a new stake in shares of Genesis Energy in the fourth quarter valued at about $1,449,000. Captrust Financial Advisors raised its holdings in shares of Genesis Energy by 9.1% in the fourth 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. purchased a new stake in shares of Genesis Energy in the fourth quarter valued at about $126,000. Finally, Callodine Capital Management LP raised its holdings 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 during the last quarter. 66.82% of the stock is owned by hedge funds and other institutional investors.

Genesis Energy Stock Performance

NYSE GEL traded up $0.58 during trading hours on Friday, hitting $16.24. 512,617 shares of the stock were exchanged, compared to its average volume of 488,459. The company has a market cap of $1.99 billion, a price-to-earnings ratio of -13.09 and a beta of 1.08. Genesis Energy, L.P. has a 12-month low of $9.86 and a 12-month high of $16.44. The stock has a 50-day moving average of $14.49 and a 200 day moving average of $12.42. The company has a quick ratio of 0.91, a current ratio of 1.03 and a debt-to-equity ratio of 5.13.

Genesis Energy (NYSE:GEL - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $398.31 million for 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% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.09) earnings per share.

Genesis Energy Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on GEL shares. Wells Fargo & Company raised shares of Genesis Energy from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $15.00 to $18.00 in a report on Monday, March 17th. Royal Bank of Canada increased their price target on shares of Genesis Energy from $14.00 to $15.00 and gave the stock an "outperform" rating in a report on Monday, March 17th. Finally, Wall Street Zen cut shares of Genesis Energy from a "hold" rating to a "sell" rating in a report on Wednesday.

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.