Genesis Energy L.P.(NYSE:GEL) Declares Dividend of $0.7000.

Genesis Energy L.P. (NYSE:GEL) had declared a cash dividend of $0.7000 on Oct 5, 2016. The shares will quote ex-dividend on Oct 26, 2016 and the record date has been fixed for Oct 28, 2016. On Oct 5, 2016 share price, the yield comes out to be 7.5431%. The dividend payable date has been fixed on Nov 14, 2016.

In a different note, On Aug 10, 2016, Barclays said it Maintains its rating on Genesis Energy L.P.. In the research note, the firm Raises the price-target to $33.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Aug 4, 2016, UBS said it Maintains its rating on Genesis Energy L.P.. In the research note, the firm Lowers the price-target to $56.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 4, 2016, Citigroup said it Maintains its rating on Genesis Energy L.P.. In the research note, the firm Lowers the price-target to $46.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 18, 2016, Wells Fargo said it Upgrades its rating on Genesis Energy L.P.. The shares have been rated ‘Outperform’ by the firm.

Genesis Energy L.P. (GEL) made into the market gainers list on Fridays trading session with the shares advancing 0.87% or 0.31 points. Due to strong positive momentum, the stock ended at $36.12, which is also near the day’s high of $36.46. The stock began the session at $36.06 and the volume stood at 2,22,324 shares. The 52-week high of the shares is $44 and the 52 week low is $19.5507. The company has a current market capitalization of $4,261 M and it has 11,79,79,218 shares in outstanding.

Genesis Energy L.P.(GEL) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $445.98M. Analysts had an estimated revenue of $585.96M. Earnings per share were $0.22. Analysts had estimated an EPS of $0.38.

Several Insider Transactions has been reported to the SEC. On Feb 29, 2016, Jack T Taylor (director) purchased 10,000 shares at $24.77 per share price.

Genesis Energy L.P. (Genesis) is a master limited partnership focused on the midstream segment of the oil and gas industry in the Gulf Coast region of the United States and the Gulf of Mexico. The Company operates through five segments: Onshore Pipeline Transportation Offshore Pipeline Transportation Refinery Services Marine Transportation and Supply and Logistics. The Onshore Pipeline Transportation segment is engaged in transporting crude oil and carbon dioxide. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of crude oil in the Gulf of Mexico. The Refinery Services segment provides services to refining operations primarily in Texas Louisiana Arkansas Oklahoma and Utah. The Marine Transportation segment provides waterborne transportation of petroleum products and crude oil throughout North America. The Supply and Logistics segment provides supply and logistics services for crude oil and petroleum products and carbon dioxide.

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