Genesis Energy (NYSE:GEL) Stock Price Down 4.2%

Genesis Energy, L.P. (NYSE:GEL - Get Free Report)'s stock price was down 4.2% during trading on Tuesday . The company traded as low as $11.40 and last traded at $11.42. Approximately 169,485 shares traded hands during trading, a decline of 52% from the average daily volume of 350,604 shares. The stock had previously closed at $11.92.

Wall Street Analysts Forecast Growth

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

Genesis Energy Trading Down 4.9 %

The firm has a market cap of $1.39 billion, a P/E ratio of 51.50 and a beta of 2.05. The business's 50-day moving average is $11.26 and its two-hundred day moving average is $11.42. 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 released 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 prior year, the business posted $0.15 earnings per share. The company's quarterly revenue was up 8.4% compared to the same quarter last year.

Genesis Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date of this dividend was Tuesday, January 30th. Genesis Energy's dividend payout ratio (DPR) is presently 272.73%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GEL. Alps Advisors Inc. boosted its holdings in shares of Genesis Energy by 12.9% during the 3rd quarter. Alps Advisors Inc. now owns 18,765,802 shares of the pipeline company's stock worth $193,663,000 after buying an additional 2,141,538 shares during the period. Invesco Ltd. boosted its holdings in shares of Genesis Energy by 5.6% during the 3rd quarter. Invesco Ltd. now owns 17,421,425 shares of the pipeline company's stock worth $179,789,000 after buying an additional 924,567 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Genesis Energy by 9.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,709,013 shares of the pipeline company's stock worth $58,917,000 after buying an additional 513,886 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Genesis Energy by 12.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,259,537 shares of the pipeline company's stock worth $60,905,000 after buying an additional 587,429 shares during the period. Finally, RR Advisors LLC boosted its holdings in shares of Genesis Energy by 2.3% during the 3rd quarter. RR Advisors LLC now owns 5,232,000 shares of the pipeline company's stock worth $53,990,000 after buying an additional 119,000 shares during the period. Institutional investors own 66.82% of the company's stock.

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.