Genesis Energy, L.P. (NYSE:GEL) Short Interest Update

Genesis Energy, L.P. (NYSE:GEL) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 3,410,000 shares, a drop of 15.8% from the January 31st total of 4,050,000 shares. Currently, 3.6% of the company’s shares are sold short. Based on an average trading volume of 569,900 shares, the days-to-cover ratio is presently 6.0 days.

Genesis Energy Trading Down 0.5 %

GEL stock traded down $0.07 during midday trading on Wednesday, hitting $13.00. The company had a trading volume of 302,702 shares, compared to its average volume of 680,613. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of -10.51 and a beta of 2.13. Genesis Energy has a 52 week low of $9.86 and a 52 week 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’s 50 day moving average price is $11.00 and its 200 day moving average price is $11.89.

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

Genesis Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.165 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.66 dividend on an annualized basis and a yield of 5.08%. Genesis Energy’s dividend payout ratio (DPR) is -53.23%.

Institutional Trading of Genesis Energy

A number of hedge funds have recently modified their holdings of GEL. Millburn Ridgefield Corp bought a new stake in shares of Genesis Energy in the 3rd quarter worth approximately $59,000. F M Investments LLC bought a new stake in Genesis Energy in the fourth quarter worth $122,000. Ameriprise Financial Inc. purchased a new stake in shares of Genesis Energy in the fourth quarter worth $126,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Genesis Energy during the third quarter valued at $139,000. Finally, Stifel Financial Corp raised its position 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 worth $250,000 after purchasing an additional 1,819 shares during the last quarter. Institutional investors own 66.82% of the company’s stock.

About Genesis Energy

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.