Genesis Energy, L.P. (NYSE:GEL) Sees Large Growth in Short Interest

Genesis Energy, L.P. (NYSE:GEL - Get Free Report) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 1,790,000 shares, an increase of 5.3% from the March 31st total of 1,700,000 shares. Based on an average daily volume of 383,200 shares, the days-to-cover ratio is presently 4.7 days. Currently, 1.7% of the company's stock are short sold.

Genesis Energy Stock Down 0.5 %

NYSE GEL traded down $0.06 during mid-day trading on Wednesday, reaching $11.77. The stock had a trading volume of 325,985 shares, compared to its average volume of 360,399. Genesis Energy has a 1 year low of $8.05 and a 1 year high of $12.78. The stock has a market cap of $1.44 billion, a PE ratio of 53.75 and a beta of 2.04. The company has a fifty day moving average price of $11.50 and a 200 day moving average price of $11.61. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.00 and a quick ratio of 0.86.

Genesis Energy (NYSE:GEL - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $774.10 million during the quarter. Genesis Energy had a return on equity of 13.34% and a net margin of 3.71%. The firm's revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 EPS.

Genesis Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.60 dividend on an annualized basis and a yield of 5.10%. Genesis Energy's dividend payout ratio is presently 272.73%.

Institutional Investors Weigh In On Genesis Energy

Hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new stake in Genesis Energy during the 4th quarter valued at $46,000. Mather Group LLC. purchased a new stake in shares of Genesis Energy in the 1st quarter worth $55,000. Tower Research Capital LLC TRC increased its stake in shares of Genesis Energy by 170.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,311 shares of the pipeline company's stock worth $62,000 after purchasing an additional 3,347 shares in the last quarter. CWM LLC increased its stake in shares of Genesis Energy by 847.0% in the 3rd quarter. CWM LLC now owns 7,718 shares of the pipeline company's stock worth $80,000 after purchasing an additional 6,903 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Genesis Energy by 26.6% in the 3rd quarter. Van ECK Associates Corp now owns 12,491 shares of the pipeline company's stock worth $129,000 after purchasing an additional 2,622 shares in the last quarter. 66.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.