Jefferies Financial Group Inc. Decreases Stock Holdings in Genesis Energy, L.P. $GEL

Jefferies Financial Group Inc. reduced its holdings in shares of Genesis Energy, L.P. (NYSE:GEL) by 8.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,687,428 shares of the pipeline company’s stock after selling 161,458 shares during the period. Jefferies Financial Group Inc.’s holdings in Genesis Energy were worth $26,324,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GEL. Fulcrum Asset Management LLP purchased a new stake in Genesis Energy during the third quarter worth approximately $26,000. Geneos Wealth Management Inc. acquired a new position in shares of Genesis Energy during the second quarter worth $49,000. Jones Financial Companies Lllp acquired a new position in shares of Genesis Energy during the first quarter worth $108,000. Osaic Holdings Inc. lifted its position in shares of Genesis Energy by 91.4% during the second quarter. Osaic Holdings Inc. now owns 7,706 shares of the pipeline company’s stock worth $133,000 after purchasing an additional 3,680 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Genesis Energy by 22.4% during the third quarter. SG Americas Securities LLC now owns 9,546 shares of the pipeline company’s stock worth $160,000 after purchasing an additional 1,745 shares in the last quarter. 66.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GEL shares. Weiss Ratings raised shares of Genesis Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Wells Fargo & Company reduced their target price on shares of Genesis Energy from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Genesis Energy Trading Down 0.9%

NYSE GEL opened at $16.26 on Friday. The company’s fifty day simple moving average is $17.14 and its 200-day simple moving average is $16.69. Genesis Energy, L.P. has a 52 week low of $14.55 and a 52 week high of $18.64. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 25.62. The stock has a market cap of $1.99 billion, a P/E ratio of -85.57 and a beta of 0.69.

Genesis Energy (NYSE:GEL) last posted its earnings results on Thursday, May 7th. The pipeline company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.22). Genesis Energy had a return on equity of 23.65% and a net margin of 2.11%.The firm had revenue of $446.56 million for the quarter, compared to analyst estimates of $446.56 million. During the same period in the previous year, the firm posted ($4.06) earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis.

Genesis Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $0.72 annualized dividend and a yield of 4.4%. Genesis Energy’s dividend payout ratio is currently -378.95%.

Insider Transactions at Genesis Energy

In related news, SVP Garland G. Gaspard purchased 12,340 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were purchased at an average cost of $16.34 per share, with a total value of $201,635.60. Following the completion of the acquisition, the senior vice president directly owned 36,881 shares of the company’s stock, valued at approximately $602,635.54. The trade was a 50.28% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is owned by corporate insiders.

About Genesis Energy

Genesis Energy LP (NYSE: GEL) is a publicly traded master limited partnership headquartered in Houston, Texas, that owns and operates a diversified portfolio of energy infrastructure assets in the United States. The company’s primary focus is on the transportation, storage and delivery of refined petroleum products, serving major domestic markets across the Gulf Coast, Atlantic Seaboard and inland waterway systems.

Genesis Energy’s operations are organized into several key business segments.