Genesis Energy, L.P. (NYSE:GEL) saw unusually-strong trading volume on Friday . Approximately 691,904 shares changed hands during trading, an increase of 14% from the previous session’s volume of 608,053 shares.The stock last traded at $40.26 and had previously closed at $40.47.

A number of equities analysts have issued reports on GEL shares. Zacks Investment Research upgraded Genesis Energy, L.P. from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Tuesday, July 5th. Citigroup Inc. upgraded Genesis Energy, L.P. from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $48.00 to $46.00 in a research report on Friday, July 1st. TheStreet upgraded Genesis Energy, L.P. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 14th. Janney Montgomery Scott reiterated a “buy” rating and set a $44.00 price target (up previously from $32.00) on shares of Genesis Energy, L.P. in a research report on Thursday, June 16th. Finally, Barclays PLC started coverage on Genesis Energy, L.P. in a research report on Wednesday, April 13th. They set an “equal weight” rating and a $35.00 price target on the stock. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $44.80.

The company’s 50 day moving average is $38.30 and its 200-day moving average is $32.08. The company has a market capitalization of $4.43 billion and a PE ratio of 9.82.

Genesis Energy, L.P. (NYSE:GEL) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The company earned $378.40 million during the quarter, compared to analysts’ expectations of $562.47 million. During the same quarter in the previous year, the business earned $0.21 EPS. The firm’s revenue for the quarter was down 28.2% compared to the same quarter last year. Equities analysts forecast that Genesis Energy, L.P. will post $1.57 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, July 29th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 6.86%. The ex-dividend date of this dividend is Wednesday, July 27th. This is a boost from Genesis Energy, L.P.’s previous quarterly dividend of $0.67.

A number of institutional investors have added to or reduced their stakes in the company. 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 valued at $175,635,000 after buying an additional 516,519 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in Genesis Energy, L.P. by 10.2% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 367,700 shares of the company’s stock valued at $13,509,000 after buying an additional 34,000 shares during the last quarter. 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 valued at $47,175,000 after buying an additional 545,961 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 valued at $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 valued at $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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.