Genesis Energy Sees Unusually High Options Volume (NYSE:GEL)

Genesis Energy, L.P. (NYSE:GEL - Get Free Report) saw unusually large options trading on Monday. Traders purchased 4,968 call options on the stock. This represents an increase of 729% compared to the typical volume of 599 call options.

Analyst Ratings Changes

Separately, Wells Fargo & Company lifted their price objective on shares of Genesis Energy from $12.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Wednesday.

Institutional Trading of Genesis Energy

Several hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Genesis Energy by 9.9% during the fourth quarter. JPMorgan Chase & Co. now owns 4,665,597 shares of the pipeline company's stock worth $47,169,000 after buying an additional 418,555 shares in the last quarter. Tejara Capital Ltd bought a new position in shares of Genesis Energy during the 4th quarter worth approximately $3,205,000. Rangeley Capital LLC bought a new position in shares of Genesis Energy during the 4th quarter worth approximately $2,133,000. Summit Financial LLC acquired a new stake in shares of Genesis Energy in the fourth quarter valued at approximately $2,128,000. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Genesis Energy by 5,667.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 190,342 shares of the pipeline company's stock worth $1,972,000 after purchasing an additional 187,042 shares in the last quarter. Institutional investors and hedge funds own 66.82% of the company's stock.

Genesis Energy Trading Up 0.2 %

Shares of Genesis Energy stock traded up $0.03 during trading hours on Thursday, hitting $12.91. The company's stock had a trading volume of 782,008 shares, compared to its average volume of 689,219. The company has a market capitalization of $1.58 billion, a PE ratio of -10.41 and a beta of 1.92. 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 stock has a 50 day moving average of $11.06 and a 200 day moving average of $11.90. Genesis Energy has a 12 month low of $9.86 and a 12 month high of $15.17.

Genesis Energy (NYSE:GEL - Get Free Report) last announced 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 company had revenue of $725.55 million for the quarter. Genesis Energy had a negative return on equity of 7.71% and a negative net margin of 2.16%.

Genesis Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend was Friday, January 31st. Genesis Energy's payout ratio is presently -53.23%.

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.