Genesis Energy, L.P. (NYSE:GEL) saw unusually-strong trading volume on Friday . Approximately 5,423,109 shares traded hands during mid-day trading, an increase of 568% from the previous session’s volume of 811,988 shares.The stock last traded at $37.57 and had previously closed at $39.90.

GEL has been the subject of a number of research reports. Barclays PLC initiated 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 objective for the company. Zacks Investment Research upgraded Genesis Energy, L.P. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Janney Montgomery Scott reiterated a “buy” rating and set a $44.00 price objective (up previously from $32.00) on shares of Genesis Energy, L.P. in a research report on Thursday, June 16th. TheStreet upgraded Genesis Energy, L.P. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 14th. Finally, Citigroup Inc. upgraded Genesis Energy, L.P. from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $48.00 to $46.00 in a research report on Friday, July 1st. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $43.44.

The firm has a 50-day moving average price of $38.60 and a 200-day moving average price of $32.30. The firm has a market capitalization of $4.16 billion and a PE ratio of 9.24.

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. The firm earned $378.40 million during the quarter, compared to analysts’ expectations of $562.47 million. Genesis Energy, L.P.’s quarterly revenue was down 28.2% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. On average, equities research analysts forecast that Genesis Energy, L.P. will post $1.55 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.29%.

Several hedge funds have bought and sold shares of the company. Chickasaw Capital Management LLC boosted its stake 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. Atlantic Trust Group LLC boosted its stake 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. Bank of Montreal Can boosted its stake 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. Morgan Stanley boosted its stake 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. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake 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 worth $13,509,000 after buying an additional 34,000 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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