Blair William & Co. IL Has $1.10 Million Holdings in Genesis Energy, L.P. common stock (GEL)

Blair William & Co. IL cut its stake in Genesis Energy, L.P. common stock (NYSE:GEL) by 21.6% in the first quarter, HoldingsChannel.com reports. The fund owned 55,817 shares of the pipeline company’s stock after selling 15,409 shares during the period. Blair William & Co. IL’s holdings in Genesis Energy, L.P. common stock were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in GEL. Arrowstreet Capital Limited Partnership acquired a new position in Genesis Energy, L.P. common stock in the fourth quarter valued at approximately $235,000. Schroder Investment Management Group acquired a new position in Genesis Energy, L.P. common stock in the fourth quarter valued at approximately $273,000. Landscape Capital Management L.L.C. acquired a new position in Genesis Energy, L.P. common stock in the fourth quarter valued at approximately $279,000. Guggenheim Capital LLC lifted its holdings in Genesis Energy, L.P. common stock by 39.3% in the fourth quarter. Guggenheim Capital LLC now owns 14,018 shares of the pipeline company’s stock valued at $313,000 after acquiring an additional 3,952 shares during the period. Finally, LPL Financial LLC acquired a new position in Genesis Energy, L.P. common stock in the fourth quarter valued at approximately $318,000. 73.00% of the stock is owned by institutional investors.

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Shares of Genesis Energy, L.P. common stock opened at $22.78 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.40 and a quick ratio of 1.17. The company has a market cap of $2.80 billion, a PE ratio of 21.49 and a beta of 1.09. Genesis Energy, L.P. common stock has a 1-year low of $18.42 and a 1-year high of $32.59.

Genesis Energy, L.P. common stock (NYSE:GEL) last announced its earnings results on Friday, May 4th. The pipeline company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.08). The business had revenue of $725.80 million for the quarter, compared to analyst estimates of $684.13 million. Genesis Energy, L.P. common stock had a return on equity of 8.19% and a net margin of 2.72%. The company’s quarterly revenue was up 74.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 earnings per share. sell-side analysts forecast that Genesis Energy, L.P. common stock will post 0.76 earnings per share for the current fiscal year.

A number of research analysts have issued reports on GEL shares. Zacks Investment Research raised Genesis Energy, L.P. common stock from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 24th. Barclays decreased their price target on Genesis Energy, L.P. common stock from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Tuesday, April 17th. ValuEngine downgraded Genesis Energy, L.P. common stock from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Finally, UBS Group reissued a “buy” rating and issued a $38.00 price target (down from $39.00) on shares of Genesis Energy, L.P. common stock in a report on Friday, March 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $28.83.

Genesis Energy, L.P. common stock Company Profile

Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company's Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations; and in the deep-water pipeline servicing in the southern Keathley Canyon area of the Gulf of Mexico.

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Institutional Ownership by Quarter for Genesis Energy, L.P.  common stock (NYSE:GEL)