Genesis Energy, L.P. (NYSE:GEL) Short Interest Up 5.3% in December

Genesis Energy, L.P. (NYSE:GEL - Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 2,790,000 shares, a growth of 5.3% from the December 15th total of 2,650,000 shares. Currently, 3.0% of the shares of the company are sold short. Based on an average trading volume of 488,900 shares, the short-interest ratio is currently 5.7 days.

Genesis Energy Stock Performance

Shares of GEL traded up $0.12 during trading hours on Monday, reaching $10.82. 731,801 shares of the company's stock traded hands, compared to its average volume of 465,555. Genesis Energy has a twelve month low of $9.86 and a twelve month high of $15.17. The business's fifty day simple moving average is $10.86 and its two-hundred day simple moving average is $12.44. The company has a debt-to-equity ratio of 5.13, a current ratio of 1.03 and a quick ratio of 0.91. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -14.62 and a beta of 2.14.

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

Genesis Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 6.10%. The ex-dividend date of this dividend is Friday, January 31st. Genesis Energy's dividend payout ratio (DPR) is presently -89.19%.

Institutional Trading of Genesis Energy

Institutional investors have recently modified their holdings of the company. BBR Partners LLC acquired a new position in shares of Genesis Energy in the third quarter worth about $648,000. Creative Planning acquired a new position in Genesis Energy in the second quarter worth approximately $43,591,000. Stifel Financial Corp lifted its stake 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 valued at $250,000 after purchasing an additional 1,819 shares during the last quarter. Murchinson Ltd. acquired a new stake in Genesis Energy in the 3rd quarter worth approximately $1,005,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Genesis Energy in the 3rd quarter worth $139,000. Institutional investors and hedge funds own 66.82% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on GEL shares. Capital One Financial upgraded shares of 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 target on Genesis Energy from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th.

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.