LPL Financial LLC Has $157,000 Stake in Genesis Energy, L.P. (NYSE:GEL)

LPL Financial LLC trimmed its holdings in Genesis Energy, L.P. (NYSE:GEL - Free Report) by 60.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,484 shares of the pipeline company's stock after selling 23,332 shares during the period. LPL Financial LLC's holdings in Genesis Energy were worth $157,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Mutual Advisors LLC increased its position in Genesis Energy by 101.8% during the 4th quarter. Mutual Advisors LLC now owns 31,912 shares of the pipeline company's stock worth $341,000 after purchasing an additional 16,099 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Genesis Energy by 4.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 36,520 shares of the pipeline company's stock valued at $369,000 after acquiring an additional 1,584 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Genesis Energy during the 4th quarter valued at $404,000. ARS Investment Partners LLC increased its holdings in Genesis Energy by 35.9% in the 4th quarter. ARS Investment Partners LLC now owns 46,000 shares of the pipeline company's stock worth $465,000 after purchasing an additional 12,154 shares in the last quarter. Finally, BBR Partners LLC raised its position in Genesis Energy by 20.9% in the fourth quarter. BBR Partners LLC now owns 58,583 shares of the pipeline company's stock valued at $592,000 after purchasing an additional 10,122 shares during the last quarter. 66.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GEL has been the subject of several recent research reports. Royal Bank of Canada upped their price target 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. Wells Fargo & Company raised Genesis Energy from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $15.00 to $18.00 in a research report on Monday, March 17th.

Genesis Energy Trading Up 3.3 %

Shares of NYSE GEL traded up $0.45 during midday trading on Friday, reaching $14.05. The stock had a trading volume of 315,312 shares, compared to its average volume of 488,173. Genesis Energy, L.P. has a twelve month low of $9.86 and a twelve month high of $16.44. The company has a debt-to-equity ratio of 5.13, a quick ratio of 0.91 and a current ratio of 1.03. The company's 50 day moving average price is $13.95 and its 200 day moving average price is $12.15. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of -11.33 and a beta of 1.39.

Genesis Energy (NYSE:GEL - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The pipeline company reported ($0.58) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.53). Genesis Energy had a negative net margin of 2.16% and a negative return on equity of 7.71%. The firm had revenue of $725.55 million for the quarter.

Genesis Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend is Wednesday, April 30th. Genesis Energy's payout ratio is -53.23%.

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.