Genesis Energy (NYSE:GEL) Reaches New 12-Month Low – Here’s Why

Shares of Genesis Energy, L.P. (NYSE:GEL) hit a new 52-week low during trading on Monday . The company traded as low as $13.80 and last traded at $14.4210, with a volume of 3043320 shares trading hands. The stock had previously closed at $14.47.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Genesis Energy from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Weiss Ratings cut Genesis Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.00.

Genesis Energy Stock Performance

The business’s fifty day moving average price is $16.13 and its 200-day moving average price is $16.64. The company has a debt-to-equity ratio of 25.62, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a market capitalization of $1.74 billion, a PE ratio of -74.87 and a beta of 0.63.

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

Genesis Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Thursday, April 30th. Genesis Energy’s dividend payout ratio (DPR) is -378.95%.

Insider Transactions at Genesis Energy

In other Genesis Energy news, SVP Garland G. Gaspard bought 12,340 shares of Genesis Energy stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average cost of $16.34 per share, for a total transaction of $201,635.60. Following the completion of the transaction, the senior vice president directly owned 36,881 shares in the company, valued at $602,635.54. This represents a 50.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Genesis Energy

Hedge funds have recently bought and sold shares of the stock. Fulcrum Asset Management LLP bought a new position in shares of Genesis Energy in the 3rd quarter worth $26,000. Kestra Advisory Services LLC bought a new stake in shares of Genesis Energy during the 4th quarter worth $30,000. Geneos Wealth Management Inc. purchased a new position in Genesis Energy in the second quarter worth $49,000. Jones Financial Companies Lllp purchased a new position in Genesis Energy in the first quarter worth $108,000. Finally, Osaic Holdings Inc. increased its stake in Genesis Energy by 91.4% in the second quarter. Osaic Holdings Inc. now owns 7,706 shares of the pipeline company’s stock valued at $133,000 after acquiring an additional 3,680 shares during the last quarter. 66.82% of the stock is currently owned by institutional investors.

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.