BBR Partners LLC continued to hold its position in Genesis Energy, L.P. (NYSE:GEL) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 18,000 shares of the company’s stock at the end of the fourth quarter. BBR Partners LLC’s holdings in Genesis Energy, L.P. were worth $648,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Genesis Energy, L.P. by 2.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,203,781 shares of the company’s stock valued at $43,360,000 after buying an additional 34,015 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Genesis Energy, L.P. by 2.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 241,398 shares of the company’s stock valued at $8,695,000 after buying an additional 5,817 shares in the last quarter. State Street Corp raised its position in Genesis Energy, L.P. by 6.7% in the fourth quarter. State Street Corp now owns 14,169 shares of the company’s stock valued at $510,000 after buying an additional 889 shares in the last quarter. Cutter & CO Brokerage Inc. bought a new position in Genesis Energy, L.P. during the fourth quarter valued at about $338,000. Finally, Third Security LLC bought a new position in Genesis Energy, L.P. during the fourth quarter valued at about $7,816,000. Institutional investors and hedge funds own 72.58% of the company’s stock.
Genesis Energy, L.P. (NYSE:GEL) traded up 1.36% during mid-day trading on Monday, hitting $36.45. The company had a trading volume of 386,086 shares. Genesis Energy, L.P. has a 12-month low of $20.04 and a 12-month high of $40.90. The firm has a market capitalization of $4.30 billion, a PE ratio of 34.26 and a beta of 1.24. The company’s 50 day moving average price is $35.89 and its 200-day moving average price is $35.44.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 14th. Investors of record on Tuesday, January 31st will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 7.79%. This is a positive change from Genesis Energy, L.P.’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, January 27th. Genesis Energy, L.P.’s payout ratio is currently 267.93%.
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Several research analysts have weighed in on the company. Capital One Financial Corporation upgraded Genesis Energy, L.P. from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 31st. Wells Fargo & Company lowered Genesis Energy, L.P. from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 11th. Zacks Investment Research upgraded Genesis Energy, L.P. from a “sell” rating to a “hold” rating in a report on Wednesday, December 14th. TheStreet lowered Genesis Energy, L.P. from a “buy” rating to a “hold” rating in a report on Monday, November 7th. Finally, DA Davidson reiterated a “buy” rating and set a $41.00 target price on shares of Genesis Energy, L.P. in a report on Monday, November 7th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $40.44.
Genesis Energy, L.P. Company Profile
Genesis Energy, L.P. is a limited partnership focused on the midstream segment of the oil and gas industry. The Company operates through five segments: Offshore Pipeline Transportation, Onshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of crude oil and natural gas in the Gulf of Mexico.
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