SG Americas Securities LLC Has $785,000 Stake in Genesis Energy, L.P. (GEL)

SG Americas Securities LLC decreased its stake in Genesis Energy, L.P. (NYSE:GEL) by 28.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,517 shares of the pipeline company’s stock after selling 16,710 shares during the period. SG Americas Securities LLC’s holdings in Genesis Energy were worth $785,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GEL. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Genesis Energy in the third quarter worth about $37,879,000. Virtus ETF Advisers LLC acquired a new position in shares of Genesis Energy in the third quarter worth about $16,591,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Genesis Energy by 16.9% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,394,746 shares of the pipeline company’s stock worth $56,947,000 after acquiring an additional 346,917 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Genesis Energy by 83.2% in the third quarter. Wells Fargo & Company MN now owns 725,784 shares of the pipeline company’s stock worth $17,260,000 after acquiring an additional 329,631 shares in the last quarter. Finally, Virtus Alternative Investment Advisers Inc. acquired a new position in shares of Genesis Energy in the third quarter worth about $6,777,000. 74.73% of the stock is owned by institutional investors.

In other news, VP Chad Anthony Landry acquired 10,000 shares of the business’s stock in a transaction on Tuesday, December 18th. The shares were purchased at an average price of $19.75 per share, for a total transaction of $197,500.00. Following the completion of the purchase, the vice president now directly owns 20,000 shares of the company’s stock, valued at approximately $395,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Several research analysts recently commented on GEL shares. Royal Bank of Canada upgraded Genesis Energy from a “sector perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a research note on Friday, November 2nd. ValuEngine upgraded Genesis Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 15th. Barclays cut their price target on Genesis Energy from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Friday, November 2nd. Robert W. Baird cut their price target on Genesis Energy from $26.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, November 2nd. Finally, Zacks Investment Research cut Genesis Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, January 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Genesis Energy presently has a consensus rating of “Hold” and an average price target of $27.75.

NYSE:GEL opened at $22.01 on Friday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.57 and a current ratio of 1.77. Genesis Energy, L.P. has a one year low of $17.55 and a one year high of $25.52. The stock has a market capitalization of $2.70 billion, a P/E ratio of -275.13 and a beta of 1.40.

Genesis Energy (NYSE:GEL) last announced its quarterly earnings data on Wednesday, February 20th. The pipeline company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.06. Genesis Energy had a positive return on equity of 5.03% and a negative net margin of 0.21%. The firm had revenue of $689.30 million for the quarter, compared to analysts’ expectations of $737.40 million. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. Genesis Energy’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, equities research analysts predict that Genesis Energy, L.P. will post 0.7 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Shareholders of record on Thursday, January 31st were paid a dividend of $0.55 per share. The ex-dividend date was Wednesday, January 30th. This represents a $2.20 annualized dividend and a yield of 10.00%. This is a boost from Genesis Energy’s previous quarterly dividend of $0.54. Genesis Energy’s dividend payout ratio is presently -2,750.00%.

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Genesis Energy Company Profile

Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company's Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations; and in the deep-water pipeline servicing in the southern Keathley Canyon area of the Gulf of Mexico.

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Institutional Ownership by Quarter for Genesis Energy (NYSE:GEL)

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