Genesis Energy (NYSE:GEL) Reaches New 12-Month Low – Should You Sell?

Genesis Energy, L.P. (NYSE:GEL)’s stock price hit a new 52-week low on Wednesday. The company traded as low as $13.37 and last traded at $13.5650, with a volume of 158,972 shares. The stock had previously closed at $14.41.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GEL. Royal Bank Of Canada reduced their price objective on Genesis Energy from $18.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, October 13th. Weiss Ratings upgraded Genesis Energy from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.50.

Genesis Energy Trading Down 5.3%

The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 71.82 and a beta of 0.79. The company has a fifty day moving average price of $14.82 and a 200-day moving average price of $15.95. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 24.31.

Genesis Energy (NYSE:GEL) last posted its quarterly earnings data on Thursday, August 6th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.24. The company had revenue of $532.00 million for the quarter, compared to the consensus estimate of $532.00 million. Genesis Energy had a net margin of 4.29% and a return on equity of 55.96%. During the same quarter in the previous year, the firm posted ($0.12) EPS.

Genesis Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Friday, October 30th. Genesis Energy’s dividend payout ratio (DPR) is presently 421.05%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GEL. Alps Advisors Inc. raised its stake in shares of Genesis Energy by 3.2% during the third quarter. Alps Advisors Inc. now owns 25,637,441 shares of the pipeline company’s stock worth $352,771,000 after buying an additional 797,267 shares during the last quarter. Arrow Investment Advisors LLC lifted its holdings in Genesis Energy by 26.7% in the third quarter. Arrow Investment Advisors LLC now owns 16,542 shares of the pipeline company’s stock valued at $228,000 after buying an additional 3,481 shares during the period. CFS Investment Advisory Services LLC bought a new position in Genesis Energy in the third quarter valued at approximately $179,000. Counterpoint Mutual Funds LLC bought a new position in Genesis Energy in the third quarter valued at approximately $249,000. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in Genesis Energy by 68.5% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 88,884 shares of the pipeline company’s stock worth $1,223,000 after acquiring an additional 36,141 shares during the period. 66.82% of the stock is currently owned by institutional investors and hedge funds.

Genesis Energy Company Profile

Genesis Energy, L.P. is a Houston-based publicly traded master limited partnership that provides midstream energy infrastructure and related industrial services. The company owns and operates assets used to gather, transport, process and store crude oil and other energy products, primarily in the United States.

Genesis Energy’s offshore pipeline transportation business serves producers in the Gulf of Mexico, moving crude oil and natural gas through an extensive network of pipelines and related infrastructure.