Genesis Energy (NYSE:GEL) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Genesis Energy, L.P. (NYSE:GEL)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.23 and traded as high as $17.11. Genesis Energy shares last traded at $16.5880, with a volume of 528,448 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GEL. Weiss Ratings reiterated a “hold (c-)” rating on shares of Genesis Energy in a research report on Thursday, January 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $20.00 price target on shares of Genesis Energy in a research report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.50.

Genesis Energy Price Performance

The stock has a 50-day simple moving average of $16.02 and a 200 day simple moving average of $16.23. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of -3.45 and a beta of 0.84. The company has a current ratio of 0.97, a quick ratio of 0.90 and a debt-to-equity ratio of 19.90.

Genesis Energy (NYSE:GEL) last released its quarterly earnings data on Thursday, October 30th. The pipeline company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.18). Genesis Energy had a negative net margin of 26.61% and a negative return on equity of 28.39%. The company had revenue of $414.00 million during the quarter. During the same quarter in the previous year, the company posted ($0.32) EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis.

Genesis Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, January 30th. This represents a $0.72 annualized dividend and a dividend yield of 4.3%. This is a positive change from Genesis Energy’s previous quarterly dividend of $0.17. Genesis Energy’s dividend payout ratio is presently -14.97%.

Institutional Investors Weigh In On Genesis Energy

Several institutional investors and hedge funds have recently modified their holdings of GEL. Royal Bank of Canada raised its holdings in Genesis Energy by 220.6% during the first quarter. Royal Bank of Canada now owns 177,686 shares of the pipeline company’s stock valued at $2,788,000 after buying an additional 122,271 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in Genesis Energy in the 1st quarter valued at approximately $108,000. Goldman Sachs Group Inc. grew its stake in shares of Genesis Energy by 13.3% in the first quarter. Goldman Sachs Group Inc. now owns 4,074,810 shares of the pipeline company’s stock worth $63,934,000 after acquiring an additional 478,530 shares during the last quarter. Maryland State Retirement & Pension System grew its position in Genesis Energy by 6.3% in the 2nd quarter. Maryland State Retirement & Pension System now owns 100,397 shares of the pipeline company’s stock worth $1,730,000 after purchasing an additional 5,917 shares during the last quarter. Finally, Mutual Advisors LLC grew its position in Genesis Energy by 43.9% during the second quarter. Mutual Advisors LLC now owns 46,539 shares of the pipeline company’s stock worth $737,000 after buying an additional 14,202 shares in the last quarter. Institutional investors and hedge funds own 66.82% of the company’s stock.

About Genesis Energy

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.