Whittier Trust Co. of Nevada Inc. Makes New $404,000 Investment in Genesis Energy, L.P. (NYSE:GEL)

Whittier Trust Co. of Nevada Inc. acquired a new position in Genesis Energy, L.P. (NYSE:GEL) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 40,000 shares of the pipeline company’s stock, valued at approximately $404,000.

Other institutional investors have also added to or reduced their stakes in the company. BBR Partners LLC bought a new position in shares of Genesis Energy during the third quarter valued at $648,000. Infrastructure Capital Advisors LLC increased its holdings in shares of Genesis Energy by 1.0% during the third quarter. Infrastructure Capital Advisors LLC now owns 780,212 shares of the pipeline company’s stock valued at $10,431,000 after acquiring an additional 7,604 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Genesis Energy by 2.9% during the third quarter. Captrust Financial Advisors now owns 31,720 shares of the pipeline company’s stock valued at $424,000 after acquiring an additional 900 shares in the last quarter. Murchinson Ltd. bought a new position in shares of Genesis Energy during the third quarter valued at $1,005,000. Finally, Millburn Ridgefield Corp bought a new position in shares of Genesis Energy during the third quarter valued at $59,000. Institutional investors own 66.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Royal Bank of Canada raised their price target on Genesis Energy from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Monday, March 17th. Wells Fargo & Company upgraded Genesis Energy from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $15.00 to $18.00 in a report on Monday, March 17th.

Genesis Energy Price Performance

NYSE GEL opened at $15.45 on Friday. Genesis Energy, L.P. has a one year low of $9.86 and a one year high of $15.48. The stock has a 50-day moving average of $11.92 and a 200 day moving average of $11.93. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of -12.46 and a beta of 1.92. The company has a debt-to-equity ratio of 5.13, a quick ratio of 0.91 and a current ratio of 1.03.

Genesis Energy (NYSE:GEL) last released its quarterly earnings data on Thursday, February 13th. The pipeline company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.53). Genesis Energy had a negative return on equity of 7.71% and a negative net margin of 2.16%. The business had revenue of $725.55 million during the quarter.

Genesis Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a dividend of $0.165 per share. The ex-dividend date was Friday, January 31st. This represents a $0.66 dividend on an annualized basis and a dividend yield of 4.27%. Genesis Energy’s dividend payout ratio is currently -53.23%.

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.