Genesis Energy, L.P. (NYSE:GEL) was up 3.1% during trading on Thursday . The stock traded as high as $40.57 and last traded at $40.46, with a volume of 268,161 shares traded. The stock had previously closed at $39.25.

Several equities research analysts have recently commented on GEL shares. Zacks Investment Research cut shares of Genesis Energy, L.P. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 16th. Barclays PLC assumed coverage on shares of Genesis Energy, L.P. in a research report on Wednesday, April 13th. They issued an “equal weight” rating and a $35.00 target price for the company. Citigroup Inc. raised shares of Genesis Energy, L.P. from a “neutral” rating to a “buy” rating and lowered their price target for the company from $48.00 to $46.00 in a research report on Friday, July 1st. TheStreet raised shares of Genesis Energy, L.P. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 14th. Finally, Janney Montgomery Scott reissued a “buy” rating and set a $44.00 price target (up from $32.00) on shares of Genesis Energy, L.P. in a research report on Thursday, June 16th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $44.80.

The stock has a market capitalization of $4.45 billion and a price-to-earnings ratio of 9.87. The firm’s 50 day moving average price is $38.23 and its 200-day moving average price is $32.04.

Genesis Energy, L.P. (NYSE:GEL) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.03. During the same quarter last year, the business earned $0.21 EPS. The business had revenue of $378.40 million for the quarter, compared to analyst estimates of $562.47 million. The firm’s revenue was down 28.2% on a year-over-year basis. Equities research analysts predict that Genesis Energy, L.P. will post $1.57 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Friday, July 29th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date is Wednesday, July 27th. This is an increase from Genesis Energy, L.P.’s previous quarterly dividend of $0.67.

Several hedge funds and institutional investors recently bought and sold shares of GEL. Atlantic Trust Group LLC boosted its position in Genesis Energy, L.P. by 74.0% in the fourth quarter. Atlantic Trust Group LLC now owns 1,283,997 shares of the company’s stock worth $47,175,000 after buying an additional 545,961 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Genesis Energy, L.P. by 68.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,289,176 shares of the company’s stock worth $47,364,000 after buying an additional 522,334 shares during the last quarter. Chickasaw Capital Management LLC boosted its position in Genesis Energy, L.P. by 12.1% in the fourth quarter. Chickasaw Capital Management LLC now owns 4,780,473 shares of the company’s stock worth $175,635,000 after buying an additional 516,519 shares during the last quarter. Bank of Montreal Can boosted its position in Genesis Energy, L.P. by 103.0% in the fourth quarter. Bank of Montreal Can now owns 280,139 shares of the company’s stock worth $10,293,000 after buying an additional 142,143 shares during the last quarter. Finally, Morgan Stanley boosted its position in Genesis Energy, L.P. by 7.2% in the fourth quarter. Morgan Stanley now owns 2,058,506 shares of the company’s stock worth $75,630,000 after buying an additional 137,570 shares during the last quarter.

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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