Westwood Holdings Group Inc. Has $34.90 Million Stock Holdings in Genesis Energy, L.P. (NYSE:GEL)

Key Points

• Westwood Holdings Group Inc. has reduced its stake in Genesis Energy by 40.2%, selling 1,498,124 shares and now holding approximately 1.82% of the company valued at $34.9 million.
• Genesis Energy reported a net loss of ($0.12) EPS for the most recent quarter, which was lower than the consensus estimate of ($0.04), with revenues declining 12.3% year-over-year to $377.35 million.
• The company recently declared a quarterly dividend of $0.165, translating to an annualized yield of 3.9%, with a negative payout ratio of -12.99%.

Westwood Holdings Group Inc. cut its stake in shares of Genesis Energy, L.P. (NYSE:GEL - Free Report) by 40.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,224,065 shares of the pipeline company's stock after selling 1,498,124 shares during the period. Westwood Holdings Group Inc. owned 1.82% of Genesis Energy worth $34,896,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of GEL. F M Investments LLC acquired a new stake in shares of Genesis Energy in the fourth quarter valued at approximately $122,000. Cetera Investment Advisers acquired a new stake in shares of Genesis Energy in the first quarter valued at approximately $193,000. Ameriprise Financial Inc. acquired a new stake in shares of Genesis Energy in the fourth quarter valued at approximately $126,000. Arrow Investment Advisors LLC lifted its position in shares of Genesis Energy by 21.1% in the first quarter. Arrow Investment Advisors LLC now owns 13,686 shares of the pipeline company's stock valued at $215,000 after buying an additional 2,381 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position 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. 66.82% of the stock is owned by institutional investors and hedge funds.

Genesis Energy Stock Performance

Shares of NYSE GEL traded down $0.33 during trading hours on Friday, reaching $16.77. 514,030 shares of the stock were exchanged, compared to its average volume of 451,484. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -3.30 and a beta of 1.09. The company has a debt-to-equity ratio of 18.85, a quick ratio of 0.85 and a current ratio of 0.94. Genesis Energy, L.P. has a 52 week low of $9.86 and a 52 week high of $17.77. The stock's fifty day simple moving average is $16.77 and its 200 day simple moving average is $14.62.

Genesis Energy (NYSE:GEL - Get Free Report) last posted its quarterly earnings data 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 24.47% and a negative net margin of 24.19%. The company had revenue of $377.35 million for the quarter. During the same quarter in the previous year, the business posted ($0.25) EPS. Genesis Energy's revenue for the quarter was down 12.3% on a year-over-year basis.

Genesis Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Thursday, July 31st will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Thursday, July 31st. Genesis Energy's dividend payout ratio (DPR) is -12.99%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company increased their target price on Genesis Energy from $18.00 to $19.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Wall Street Zen lowered Genesis Energy from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Royal Bank Of Canada increased their target price on Genesis Energy from $18.00 to $20.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st.

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.