ARS Investment Partners LLC Raises Holdings in Genesis Energy, L.P. (NYSE:GEL)

ARS Investment Partners LLC lifted its position in Genesis Energy, L.P. (NYSE:GEL) by 35.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,000 shares of the pipeline company’s stock after purchasing an additional 12,154 shares during the quarter. ARS Investment Partners LLC’s holdings in Genesis Energy were worth $465,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Chickasaw Capital Management LLC lifted its position in Genesis Energy by 0.4% during the 4th quarter. Chickasaw Capital Management LLC now owns 3,835,449 shares of the pipeline company’s stock worth $38,776,000 after acquiring an additional 15,027 shares during the period. Creative Planning raised its stake in shares of Genesis Energy by 1.9% during the 3rd quarter. Creative Planning now owns 3,105,454 shares of the pipeline company’s stock worth $41,520,000 after buying an additional 59,263 shares in the last quarter. Infrastructure Capital Advisors LLC raised its stake in shares of Genesis Energy by 1.0% during the 3rd quarter. Infrastructure Capital Advisors LLC now owns 780,212 shares of the pipeline company’s stock worth $10,431,000 after buying an additional 7,604 shares in the last quarter. ING Groep NV increased its stake in Genesis Energy by 15.1% in the 3rd quarter. ING Groep NV now owns 762,700 shares of the pipeline company’s stock valued at $10,197,000 after purchasing an additional 100,000 shares in the last quarter. Finally, ELCO Management Co. LLC increased its position in Genesis Energy by 10.7% during the second quarter. ELCO Management Co. LLC now owns 188,304 shares of the pipeline company’s stock worth $2,695,000 after buying an additional 18,170 shares in the last quarter. 66.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Capital One Financial raised Genesis Energy from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 1st. Royal Bank of Canada lifted their price objective on Genesis Energy from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th.

Genesis Energy Stock Performance

GEL stock opened at $10.82 on Tuesday. The stock has a 50-day moving average price of $10.86 and a two-hundred day moving average price of $12.44. Genesis Energy, L.P. has a 12-month low of $9.86 and a 12-month high of $15.17. The company has a debt-to-equity ratio of 5.13, a current ratio of 1.03 and a quick ratio of 0.91.

Genesis Energy (NYSE:GEL) last posted its quarterly earnings results on Thursday, October 31st. The pipeline company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.22). Genesis Energy had a negative net margin of 0.09% and a negative return on equity of 0.31%. The firm had revenue of $714.30 million for the quarter. During the same period in the previous year, the business posted $0.29 earnings per share.

Genesis Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date is Friday, January 31st. Genesis Energy’s dividend payout ratio is presently -89.19%.

Genesis Energy 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.