Natixis Trims Holdings in Genesis Energy, L.P. (NYSE:GEL)

Natixis trimmed its stake in Genesis Energy, L.P. (NYSE:GEL) by 18.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,216,900 shares of the pipeline company’s stock after selling 267,700 shares during the period. Natixis owned about 0.99% of Genesis Energy worth $13,532,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Oppenheimer Asset Management Inc. raised its stake in shares of Genesis Energy by 4.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 33,435 shares of the pipeline company’s stock valued at $372,000 after acquiring an additional 1,550 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Genesis Energy by 184.1% in the first quarter. GSA Capital Partners LLP now owns 120,932 shares of the pipeline company’s stock valued at $1,345,000 after purchasing an additional 78,369 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Genesis Energy by 14.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,020,276 shares of the pipeline company’s stock valued at $67,126,000 after purchasing an additional 760,739 shares in the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of Genesis Energy by 2.8% in the first quarter. Maryland State Retirement & Pension System now owns 95,184 shares of the pipeline company’s stock valued at $1,117,000 after purchasing an additional 2,625 shares in the last quarter. Finally, Pettinga Financial Advisors LLC grew its holdings in shares of Genesis Energy by 9.9% in the first quarter. Pettinga Financial Advisors LLC now owns 22,270 shares of the pipeline company’s stock valued at $248,000 after purchasing an additional 2,000 shares in the last quarter. 66.82% of the stock is owned by hedge funds and other institutional investors.

Genesis Energy Stock Down 0.6 %

Shares of GEL stock traded down $0.09 during trading on Thursday, reaching $13.97. The company’s stock had a trading volume of 233,129 shares, compared to its average volume of 362,924. The company has a debt-to-equity ratio of 4.39, a current ratio of 1.05 and a quick ratio of 0.90. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 41.12 and a beta of 2.11. The stock’s 50-day moving average price is $13.58 and its 200 day moving average price is $12.35. Genesis Energy, L.P. has a 1-year low of $8.05 and a 1-year high of $15.17.

Genesis Energy (NYSE:GEL) last announced its quarterly earnings data on Thursday, May 2nd. The pipeline company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.10). The business had revenue of $770.11 million during the quarter. Genesis Energy had a net margin of 4.14% and a return on equity of 14.70%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.21) EPS.

Genesis Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.29%. The ex-dividend date is Wednesday, July 31st. Genesis Energy’s dividend payout ratio (DPR) is presently 176.48%.

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.