40,000 Shares in Genesis Energy, L.P. (NYSE:GEL) Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. acquired a new position in Genesis Energy, L.P. (NYSE:GEL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 40,000 shares of the pipeline company's stock, valued at approximately $404,000.

Several other institutional investors have also recently made changes to their positions in GEL. Millburn Ridgefield Corp purchased a new stake in shares of Genesis Energy in the third quarter worth about $59,000. Stifel Financial Corp raised its holdings in shares of Genesis Energy by 10.8% during the 3rd quarter. Stifel Financial Corp now owns 18,722 shares of the pipeline company's stock worth $250,000 after acquiring an additional 1,819 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Genesis Energy by 2.9% during the 3rd quarter. Captrust Financial Advisors now owns 31,720 shares of the pipeline company's stock valued at $424,000 after acquiring an additional 900 shares during the last quarter. Mutual Advisors LLC grew its holdings in shares of Genesis Energy by 101.8% in the fourth quarter. Mutual Advisors LLC now owns 31,912 shares of the pipeline company's stock valued at $341,000 after purchasing an additional 16,099 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Genesis Energy by 4.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 36,520 shares of the pipeline company's stock valued at $369,000 after purchasing an additional 1,584 shares in the last quarter. Hedge funds and other institutional investors own 66.82% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have commented on GEL shares. Wells Fargo & Company raised shares of Genesis Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $15.00 to $18.00 in a research note on Monday, March 17th. Royal Bank of Canada boosted their price objective on Genesis Energy from $14.00 to $15.00 and gave the stock an "outperform" rating in a research note on Monday, March 17th.

Genesis Energy Trading Down 0.9 %

GEL stock traded down $0.15 during mid-day trading on Thursday, reaching $15.74. 366,362 shares of the stock traded hands, compared to its average volume of 464,211. Genesis Energy, L.P. has a one year low of $9.86 and a one year high of $16.44. The stock has a market capitalization of $1.93 billion, a PE ratio of -12.69 and a beta of 1.92. The company has a debt-to-equity ratio of 5.13, a quick ratio of 0.91 and a current ratio of 1.03. The business has a 50-day moving average price of $12.25 and a two-hundred day moving average price of $11.99.

Genesis Energy (NYSE:GEL - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The pipeline company reported ($0.58) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.53). The firm had revenue of $725.55 million during 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend was Friday, January 31st. Genesis Energy's dividend payout ratio is currently -53.23%.

About Genesis Energy

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.