Genesis Energy (NYSE:GEL) Sees Unusually-High Trading Volume

Shares of Genesis Energy, L.P. (NYSE:GEL - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 316,550 shares were traded during mid-day trading, a decline of 9% from the previous session's volume of 349,401 shares.The stock last traded at $11.86 and had previously closed at $12.00.

Wall Street Analyst Weigh In

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

Genesis Energy Stock Down 0.7 %

The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 4.18. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 54.14 and a beta of 2.05. The stock's fifty day moving average price is $11.27 and its 200-day moving average price is $11.41.

Genesis Energy (NYSE:GEL - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The pipeline company reported ($0.08) earnings per share (EPS) 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 quarter in the previous year, the business earned $0.15 EPS. The firm's revenue was up 8.4% compared to the same quarter last year.

Genesis Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.60 dividend on an annualized basis and a yield of 5.04%. Genesis Energy's payout ratio is 272.73%.

Hedge Funds Weigh In On Genesis Energy

Several institutional investors and hedge funds have recently modified their holdings of GEL. Mariner LLC increased its holdings in shares of Genesis Energy by 22.8% in the first quarter. Mariner LLC now owns 42,385 shares of the pipeline company's stock valued at $496,000 after purchasing an additional 7,868 shares during the last quarter. UBS Group AG lifted its position in Genesis Energy by 19.6% during the first quarter. UBS Group AG now owns 1,431,719 shares of the pipeline company's stock worth $16,766,000 after purchasing an additional 234,305 shares during the period. Vident Investment Advisory LLC lifted its position in Genesis Energy by 7.6% during the first quarter. Vident Investment Advisory LLC now owns 94,658 shares of the pipeline company's stock worth $1,108,000 after purchasing an additional 6,657 shares during the period. Advisors Asset Management Inc. lifted its position in Genesis Energy by 4.3% during the first quarter. Advisors Asset Management Inc. now owns 190,748 shares of the pipeline company's stock worth $2,234,000 after purchasing an additional 7,806 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its position in Genesis Energy by 8,647.8% during the second quarter. BNP Paribas Arbitrage SA now owns 82,054 shares of the pipeline company's stock worth $658,000 after purchasing an additional 81,116 shares during the period. 66.82% of the stock is currently owned by institutional investors and hedge funds.

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.