Genesis Energy, L.P. (NYSE:GEL) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd increased its stake in shares of Genesis Energy, L.P. (NYSE:GEL) by 40.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,925 shares of the pipeline company’s stock after buying an additional 8,984 shares during the quarter. XTX Topco Ltd’s holdings in Genesis Energy were worth $443,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GEL. Mather Group LLC. bought a new position in shares of Genesis Energy in the first quarter worth $55,000. Paragon Associates & Paragon Associates II Joint Venture purchased a new stake in shares of Genesis Energy in the first quarter valued at $111,000. Van ECK Associates Corp lifted its stake in Genesis Energy by 17.4% in the 2nd quarter. Van ECK Associates Corp now owns 20,777 shares of the pipeline company’s stock worth $297,000 after acquiring an additional 3,073 shares in the last quarter. Pettinga Financial Advisors LLC boosted its holdings in shares of Genesis Energy by 9.9% during the first quarter. Pettinga Financial Advisors LLC now owns 22,270 shares of the pipeline company’s stock worth $248,000 after purchasing an additional 2,000 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Genesis Energy by 4.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 33,435 shares of the pipeline company’s stock valued at $372,000 after buying an additional 1,550 shares during the period. Institutional investors own 66.82% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Genesis Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 5th.

Insider Transactions at Genesis Energy

In other news, VP Garland G. Gaspard acquired 2,261 shares of the stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average cost of $13.27 per share, for a total transaction of $30,003.47. Following the completion of the transaction, the vice president now owns 19,525 shares in the company, valued at approximately $259,096.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.72% of the company’s stock.

Genesis Energy Price Performance

Shares of NYSE:GEL opened at $13.11 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.09 and a debt-to-equity ratio of 4.74. The business has a 50 day moving average price of $13.50 and a 200 day moving average price of $12.91. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 38.56 and a beta of 2.10. Genesis Energy, L.P. has a twelve month low of $9.77 and a twelve month high of $15.17.

Genesis Energy (NYSE:GEL) last announced its quarterly earnings data on Thursday, August 1st. The pipeline company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.22). The company had revenue of $756.26 million during the quarter. Genesis Energy had a return on equity of 8.26% and a net margin of 2.34%. During the same quarter last year, the firm posted $0.22 EPS.

Genesis Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.60 annualized dividend and a dividend yield of 4.58%. Genesis Energy’s payout ratio is 176.47%.

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.