Genesis Energy (NYSE:GEL) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Genesis Energy, L.P. (NYSE:GEL)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.39 and traded as high as $17.94. Genesis Energy shares last traded at $17.5850, with a volume of 226,987 shares changing hands.

Analyst Ratings Changes

Several analysts have weighed in on GEL shares. Royal Bank Of Canada reissued an “outperform” rating and set a $20.00 price objective on shares of Genesis Energy in a report on Tuesday, December 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genesis Energy in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

Genesis Energy Stock Down 0.8%

The business has a fifty day moving average of $17.34 and a 200 day moving average of $16.40. The firm has a market cap of $2.15 billion, a P/E ratio of -4.19 and a beta of 0.80. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 19.59.

Genesis Energy (NYSE:GEL) last issued its earnings results on Thursday, February 12th. The pipeline company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.24). The company had revenue of $440.76 million for the quarter. Genesis Energy had a negative return on equity of 10.04% and a negative net margin of 27.01%.The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.58) EPS.

Genesis Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were issued a dividend of $0.18 per share. This is an increase from Genesis Energy’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Friday, January 30th. Genesis Energy’s dividend payout ratio is presently -17.18%.

Hedge Funds Weigh In On Genesis Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in GEL. Fulcrum Asset Management LLP acquired a new position in shares of Genesis Energy in the 3rd quarter valued at $26,000. Mather Group LLC. bought a new position in Genesis Energy during the third quarter worth about $30,000. Kestra Advisory Services LLC acquired a new position in Genesis Energy in the fourth quarter valued at about $30,000. Geneos Wealth Management Inc. acquired a new position in Genesis Energy in the second quarter valued at about $49,000. Finally, CWM LLC increased its holdings in shares of Genesis Energy by 126.5% in the third quarter. CWM LLC now owns 3,106 shares of the pipeline company’s stock worth $52,000 after acquiring an additional 1,735 shares in the last quarter. 66.82% of the stock is 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.