Genesis Energy L.P.(NYSE:GEL) Declares Dividend of $0.6725.

Genesis Energy L.P. (NYSE:GEL) had declared a cash dividend of $0.6725 on Apr 13, 2016. The shares will quote ex-dividend on Apr 27, 2016 and the record date has been fixed on Apr 29, 2016. At Apr 13, 2016 share price, the yield comes out to be 8.5316%. The dividend payable date has been fixed on May 13, 2016.

In a different note, DA Davidson said it Initiates Coverage on Genesis Energy L.P., according to a research note issued on Mar 10, 2016. The shares have been rated ‘Buy’ by the firm. On Feb 19, 2016, Credit Suisse said it Maintains its rating on Genesis Energy L.P.. In the research note, the firm Lowers the price-target to $54.00 per share. The shares have been rated ‘Outperform’ by the firm. On Feb 19, 2016, Barclays said it Maintains its rating on Genesis Energy L.P.. In the research note, the firm Lowers the price-target to $38.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jan 15, 2016, Wells Fargo said it Downgrades its rating on Genesis Energy L.P.. The shares have been rated ‘Market Perform’ by the firm.

Genesis Energy L.P. (GEL) shares turned negative on Fridays trading session with the shares closing down -0.9 points or -2.85% at a volume of 2,79,198. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.87. The peak price level was also seen at $31.87 while the days lowest was $30.6. Finally the shares closed at $30.68. The 52-week high of the shares is $50.04 while the 52-week low is $19.5507. According to the latest information available, the market cap of the company is $3,374 M.

Genesis Energy L.P.(GEL) last announced its earnings results on Feb 18, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $491.01M. Analysts had an estimated revenue of $771.66M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.54.

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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