Genesis Energy, L.P. (NYSE:GEL) Short Interest Update

Genesis Energy, L.P. (NYSE:GEL - Get Free Report) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 1,700,000 shares, a decrease of 5.6% from the March 15th total of 1,800,000 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average trading volume of 356,200 shares, the days-to-cover ratio is presently 4.8 days.

Genesis Energy Price Performance

Shares of NYSE:GEL traded up $0.10 during midday trading on Tuesday, reaching $11.83. The company's stock had a trading volume of 315,042 shares, compared to its average volume of 355,644. Genesis Energy has a fifty-two week low of $8.05 and a fifty-two week high of $12.78. The company has a market capitalization of $1.45 billion, a P/E ratio of 53.77 and a beta of 2.05. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.00 and a quick ratio of 0.86. The business's fifty day simple moving average is $11.30 and its 200-day simple moving average is $11.47.

Genesis Energy (NYSE:GEL - Get Free Report) last announced its earnings results on Thursday, February 15th. The pipeline company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.31). Genesis Energy had a net margin of 3.71% and a return on equity of 13.34%. The business had revenue of $774.10 million during the quarter. During the same period in the previous year, the business posted $0.15 EPS. The business's quarterly revenue was up 8.4% compared to the same quarter last year.

Genesis Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.15 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.07%. Genesis Energy's dividend payout ratio (DPR) is presently 272.73%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Genesis Energy from a "buy" rating to a "hold" rating in a research note on Tuesday, January 9th.

Institutional Trading of Genesis Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in GEL. Chickasaw Capital Management LLC boosted its holdings in Genesis Energy by 7.8% in the fourth quarter. Chickasaw Capital Management LLC now owns 3,852,734 shares of the pipeline company's stock valued at $44,615,000 after acquiring an additional 279,836 shares during the last quarter. Alps Advisors Inc. boosted its holdings in Genesis Energy by 12.9% in the third quarter. Alps Advisors Inc. now owns 18,765,802 shares of the pipeline company's stock valued at $193,663,000 after acquiring an additional 2,141,538 shares during the last quarter. Invesco Ltd. boosted its holdings in Genesis Energy by 5.6% in the third quarter. Invesco Ltd. now owns 17,421,425 shares of the pipeline company's stock valued at $179,789,000 after acquiring an additional 924,567 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its holdings in Genesis Energy by 42.8% in the third quarter. Kayne Anderson Capital Advisors LP now owns 19,700 shares of the pipeline company's stock valued at $203,000 after acquiring an additional 5,900 shares during the last quarter. Finally, Sowell Financial Services LLC boosted its holdings in Genesis Energy by 27.4% during the third quarter. Sowell Financial Services LLC now owns 76,126 shares of the pipeline company's stock worth $786,000 after buying an additional 16,394 shares during the last quarter. 66.82% of the stock is currently owned by institutional investors and hedge funds.

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.