Genesis Energy, L.P. (NYSE:GEL) Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lifted its position in shares of Genesis Energy, L.P. (NYSE:GEL - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,552,257 shares of the pipeline company's stock after purchasing an additional 20,000 shares during the period. Jefferies Financial Group Inc. owned about 1.27% of Genesis Energy worth $15,693,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GEL. JPMorgan Chase & Co. increased its stake in Genesis Energy by 9.9% during the fourth quarter. JPMorgan Chase & Co. now owns 4,665,597 shares of the pipeline company's stock valued at $47,169,000 after purchasing an additional 418,555 shares during the last quarter. Tejara Capital Ltd bought a new stake in Genesis Energy during the fourth quarter valued at $3,205,000. Rangeley Capital LLC bought a new stake in Genesis Energy during the fourth quarter valued at $2,133,000. Summit Financial LLC bought a new stake in Genesis Energy during the fourth quarter valued at $2,128,000. Finally, CIBC Private Wealth Group LLC grew its position in shares of Genesis Energy by 5,667.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 190,342 shares of the pipeline company's stock worth $1,972,000 after acquiring an additional 187,042 shares during the last quarter. 66.82% of the stock is owned by institutional investors and hedge funds.

Genesis Energy Price Performance

GEL traded down $0.14 on Wednesday, reaching $15.13. The company had a trading volume of 204,501 shares, compared to its average volume of 491,138. The company has a fifty day moving average of $14.22 and a 200-day moving average of $12.24. The company has a market capitalization of $1.85 billion, a P/E ratio of -12.20 and a beta of 1.08. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 5.13. Genesis Energy, L.P. has a one year low of $9.86 and a one year high of $16.44.

Genesis Energy (NYSE:GEL - Get Free Report) last announced its earnings results on Thursday, May 8th. The pipeline company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.37). The company had revenue of $398.31 million during the quarter. Genesis Energy had a negative net margin of 2.16% and a negative return on equity of 7.71%. The firm's quarterly revenue was down 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.09) EPS.

Genesis Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Wednesday, April 30th. Genesis Energy's payout ratio is -12.67%.

Analysts Set New Price Targets

GEL has been the subject of several recent research reports. Wells Fargo & Company upgraded shares of Genesis Energy from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $15.00 to $18.00 in a research report on Monday, March 17th. Royal Bank of Canada increased their target price on shares of Genesis Energy from $14.00 to $15.00 and gave the company an "outperform" rating in a research report on Monday, March 17th. Finally, StockNews.com upgraded shares of Genesis Energy from a "sell" rating to a "hold" rating in a research report on Tuesday.

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.