Genesis Energy Target of Unusually High Options Trading (NYSE:GEL)

Genesis Energy, L.P. (NYSE:GEL) was the target of some unusual options trading on Monday. Investors purchased 4,968 call options on the company. This represents an increase of approximately 729% compared to the typical volume of 599 call options.

Genesis Energy Price Performance

GEL opened at $13.10 on Wednesday. The firm has a market cap of $1.60 billion, a PE ratio of -10.56 and a beta of 2.13. The stock has a 50-day moving average price of $10.95 and a 200-day moving average price of $11.90. Genesis Energy has a 1 year low of $9.86 and a 1 year high of $15.17. The company has a debt-to-equity ratio of 5.13, a current ratio of 1.03 and a quick ratio of 0.91.

Genesis Energy (NYSE:GEL) last issued its earnings results on Thursday, February 13th. The pipeline company reported ($0.58) earnings per share (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 return on equity of 7.71% and a negative net margin of 2.16%.

Genesis Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date was Friday, January 31st. Genesis Energy’s payout ratio is -53.23%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Millburn Ridgefield Corp bought a new position in shares of Genesis Energy during the 3rd quarter valued at $59,000. F M Investments LLC bought a new stake in shares of Genesis Energy during the 4th quarter valued at about $122,000. Ameriprise Financial Inc. purchased a new stake in shares of Genesis Energy during the 4th quarter valued at about $126,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Genesis Energy in the 3rd quarter worth approximately $139,000. Finally, Stifel Financial Corp boosted its holdings in shares of Genesis Energy by 10.8% in the third quarter. Stifel Financial Corp now owns 18,722 shares of the pipeline company’s stock worth $250,000 after buying an additional 1,819 shares during the last quarter. Hedge funds and other institutional investors own 66.82% of the company’s stock.

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.