Genesis Energy, L.P. (NYSE:GEL) Short Interest Down 5.6% in March

Genesis Energy, L.P. (NYSE:GEL) was the target of a large decrease in short interest during the month of 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. Currently, 1.6% of the shares of the company are sold short. Based on an average daily trading volume, of 356,200 shares, the short-interest ratio is currently 4.8 days.

Institutional Trading of Genesis Energy

Several large investors have recently made changes to their positions in GEL. Mariner LLC boosted its position in shares of Genesis Energy by 22.8% during the 1st quarter. Mariner LLC now owns 42,385 shares of the pipeline company’s stock worth $496,000 after acquiring an additional 7,868 shares in the last quarter. UBS Group AG lifted its stake in Genesis Energy by 19.6% in the 1st quarter. UBS Group AG now owns 1,431,719 shares of the pipeline company’s stock valued at $16,766,000 after purchasing an additional 234,305 shares during the last quarter. Vident Investment Advisory LLC lifted its stake in Genesis Energy by 7.6% in the 1st quarter. Vident Investment Advisory LLC now owns 94,658 shares of the pipeline company’s stock valued at $1,108,000 after purchasing an additional 6,657 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Genesis Energy by 4.3% in the 1st quarter. Advisors Asset Management Inc. now owns 190,748 shares of the pipeline company’s stock valued at $2,234,000 after purchasing an additional 7,806 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in Genesis Energy by 8,647.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 82,054 shares of the pipeline company’s stock valued at $658,000 after purchasing an additional 81,116 shares during the last quarter. Institutional investors and hedge funds own 66.82% of the company’s stock.

Genesis Energy Stock Performance

Shares of NYSE:GEL opened at $11.78 on Thursday. The company’s 50 day moving average price is $11.31 and its two-hundred day moving average price is $11.47. Genesis Energy has a 12-month low of $8.05 and a 12-month high of $12.78. The firm has a market cap of $1.44 billion, a PE ratio of 53.55 and a beta of 2.04. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 4.18.

Genesis Energy (NYSE:GEL) last announced its earnings results 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 return on equity of 13.34% and a net margin of 3.71%. The business had revenue of $774.10 million for the quarter. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm’s quarterly revenue was up 8.4% on a year-over-year basis.

Genesis Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, April 29th. This represents a $0.60 annualized dividend and a dividend yield of 5.09%. Genesis Energy’s dividend payout ratio is 272.73%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of 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.