Genesis Energy, L.P. (NYSE:GEL)’s share price traded up 3.1% on Thursday . The company 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.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of 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 note on Tuesday, July 5th. Janney Montgomery Scott reissued a “buy” rating and set a $44.00 target price (up from $32.00) on shares of Genesis Energy, L.P. in a research report on Thursday, June 16th. Barclays PLC lowered their target price on shares of Genesis Energy, L.P. from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 5th. 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, Citigroup Inc. raised shares of Genesis Energy, L.P. from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $48.00 to $46.00 in a research report on Friday, July 1st. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $44.80.

The firm’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 price-to-earnings ratio of 9.82.

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

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

A number of large investors have modified their holdings of GEL. Atlantic Trust Group LLC boosted its stake in shares of 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 period. Chickasaw Capital Management LLC boosted its stake in shares of 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 period. RR Advisors LLC boosted its stake in shares of Genesis Energy, L.P. by 1.6% in the fourth quarter. RR Advisors LLC now owns 1,810,000 shares of the company’s stock valued at $66,496,000 after buying an additional 28,000 shares during the period. Bank of Montreal Can boosted its stake in shares of 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 period. Finally, Morgan Stanley boosted its stake in shares of 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 period.

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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