UBS Group AG Buys 432,771 Shares of Genesis Energy, L.P. $GEL

UBS Group AG lifted its stake in shares of Genesis Energy, L.P. (NYSE:GEL) by 31.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,814,140 shares of the pipeline company’s stock after purchasing an additional 432,771 shares during the quarter. UBS Group AG’s holdings in Genesis Energy were worth $28,301,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fulcrum Asset Management LLP bought a new stake in shares of Genesis Energy during the 3rd quarter valued at $26,000. CWM LLC raised its stake in shares of Genesis Energy by 126.5% during the 3rd quarter. CWM LLC now owns 3,106 shares of the pipeline company’s stock valued at $52,000 after purchasing an additional 1,735 shares during the period. SG Americas Securities LLC raised its stake in shares of Genesis Energy by 22.4% during the 3rd quarter. SG Americas Securities LLC now owns 9,546 shares of the pipeline company’s stock valued at $160,000 after purchasing an additional 1,745 shares during the period. Geneos Wealth Management Inc. purchased a new position in Genesis Energy during the second quarter worth about $49,000. Finally, Maryland State Retirement & Pension System grew its position in Genesis Energy by 2.9% during the third quarter. Maryland State Retirement & Pension System now owns 103,270 shares of the pipeline company’s stock worth $1,726,000 after buying an additional 2,873 shares in the last quarter. 66.82% of the stock is currently owned by institutional investors.

Genesis Energy Price Performance

Genesis Energy stock opened at $16.26 on Friday. Genesis Energy, L.P. has a 52 week low of $14.03 and a 52 week high of $18.64. The business has a 50-day simple moving average of $17.56 and a 200 day simple moving average of $16.68. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 19.59. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -85.59 and a beta of 0.69.

Genesis Energy (NYSE:GEL) last posted its earnings results on Thursday, May 7th. The pipeline company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.22). Genesis Energy had a return on equity of 22.35% and a net margin of 2.11%.The business had revenue of $446.56 million for the quarter, compared to analysts’ expectations of $446.56 million. During the same quarter in the previous year, the firm earned ($4.06) earnings per share. Genesis Energy’s quarterly revenue was up 12.1% compared to the same quarter last year.

Genesis Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 30th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.4%. The ex-dividend date is Thursday, April 30th. Genesis Energy’s payout ratio is presently -378.95%.

Analyst Ratings Changes

Separately, Weiss Ratings cut Genesis Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.50.

Genesis Energy Company Profile

Genesis Energy LP (NYSE: GEL) is a publicly traded master limited partnership headquartered in Houston, Texas, that owns and operates a diversified portfolio of energy infrastructure assets in the United States. The company’s primary focus is on the transportation, storage and delivery of refined petroleum products, serving major domestic markets across the Gulf Coast, Atlantic Seaboard and inland waterway systems.

Genesis Energy’s operations are organized into several key business segments.