Callodine Capital Management LP Has $3.54 Million Stock Holdings in Genesis Energy, L.P. (NYSE:GEL)

Callodine Capital Management LP raised its stake in shares of Genesis Energy, L.P. (NYSE:GEL - Free Report) by 40.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 350,000 shares of the pipeline company's stock after buying an additional 100,000 shares during the quarter. Callodine Capital Management LP owned about 0.29% of Genesis Energy worth $3,538,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Invesco Ltd. grew its holdings in Genesis Energy by 1.0% during the fourth quarter. Invesco Ltd. now owns 18,390,648 shares of the pipeline company's stock valued at $185,929,000 after purchasing an additional 178,369 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Genesis Energy by 9.9% in the 4th quarter. JPMorgan Chase & Co. now owns 4,665,597 shares of the pipeline company's stock valued at $47,169,000 after buying an additional 418,555 shares during the period. Chickasaw Capital Management LLC raised its stake 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 buying an additional 15,027 shares during the period. ING Groep NV lifted its holdings in Genesis Energy by 12.1% during the fourth quarter. ING Groep NV now owns 855,000 shares of the pipeline company's stock worth $8,644,000 after acquiring an additional 92,300 shares in the last quarter. Finally, Barclays PLC grew its stake in Genesis Energy by 44.1% in the fourth quarter. Barclays PLC now owns 514,481 shares of the pipeline company's stock valued at $5,202,000 after acquiring an additional 157,401 shares during the period. 66.82% of the stock is owned by institutional investors.

Genesis Energy Stock Up 0.4 %

Shares of Genesis Energy stock traded up $0.06 during trading on Wednesday, reaching $14.09. The stock had a trading volume of 36,933 shares, compared to its average volume of 489,235. 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 company has a market capitalization of $1.73 billion, a price-to-earnings ratio of -11.36 and a beta of 1.39. The stock has a fifty day moving average price of $13.64 and a two-hundred day moving average price of $12.12. Genesis Energy, L.P. has a 52 week low of $9.86 and a 52 week high of $16.44.

Genesis Energy (NYSE:GEL - Get Free Report) last released its earnings results on Thursday, February 13th. The pipeline company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.53). The firm had revenue of $725.55 million during 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend is Wednesday, April 30th. Genesis Energy's dividend payout ratio (DPR) is currently -53.23%.

Wall Street Analyst Weigh In

GEL has been the topic of a number of research analyst reports. Wells Fargo & Company raised Genesis Energy from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $15.00 to $18.00 in a research report on Monday, March 17th. Royal Bank of Canada lifted their price target on shares of Genesis Energy from $14.00 to $15.00 and gave the company an "outperform" rating in a research note on Monday, March 17th.

Genesis Energy Company 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.