Genesis Energy, L.P. (NYSE:GEL) Shares Acquired by BBR Partners LLC

BBR Partners LLC grew its stake in Genesis Energy, L.P. (NYSE:GEL) by 20.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 58,583 shares of the pipeline company’s stock after buying an additional 10,122 shares during the quarter. BBR Partners LLC’s holdings in Genesis Energy were worth $592,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GEL. Millburn Ridgefield Corp acquired a new position in shares of Genesis Energy in the 3rd quarter valued at about $59,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Genesis Energy in the 3rd quarter valued at about $139,000. Stifel Financial Corp lifted its holdings in shares of Genesis Energy by 10.8% in the 3rd quarter. Stifel Financial Corp now owns 18,722 shares of the pipeline company’s stock valued at $250,000 after buying an additional 1,819 shares during the period. Mutual Advisors LLC lifted its holdings in shares of Genesis Energy by 101.8% in the 4th quarter. Mutual Advisors LLC now owns 31,912 shares of the pipeline company’s stock valued at $341,000 after buying an additional 16,099 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Genesis Energy by 4.5% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 36,520 shares of the pipeline company’s stock valued at $369,000 after buying an additional 1,584 shares during the period. Institutional investors and hedge funds own 66.82% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company upped their price target on Genesis Energy from $12.00 to $15.00 and gave the stock an “equal weight” rating in a report on Wednesday.

Genesis Energy Stock Performance

NYSE GEL opened at $12.91 on Friday. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of -10.41 and a beta of 1.92. Genesis Energy, L.P. has a twelve month low of $9.86 and a twelve month high of $15.17. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 5.13. The stock has a 50-day moving average of $11.06 and a 200 day moving average of $11.90.

Genesis Energy (NYSE:GEL) last released its quarterly earnings results on Thursday, February 13th. The pipeline company reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.53). The business had revenue of $725.55 million during the quarter. Genesis Energy had a negative return on equity of 7.71% and a negative net margin of 2.16%.

Genesis Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.165 per share. The ex-dividend date was Friday, January 31st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.11%. Genesis Energy’s payout ratio is currently -53.23%.

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.