Allianz Asset Management AG maintained its position in shares of SemGroup Corp (NASDAQ:SEMG) during the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,620 shares of the company’s stock at the end of the fourth quarter. Allianz Asset Management AG’s holdings in SemGroup Corp were worth $443,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in SEMG. Tower Research Capital LLC TRC boosted its stake in shares of SemGroup Corp by 37.7% in the third quarter. Tower Research Capital LLC TRC now owns 2,918 shares of the company’s stock valued at $103,000 after buying an additional 799 shares during the period. Duff & Phelps Investment Management Co. purchased a new stake in shares of SemGroup Corp during the third quarter valued at about $202,000. Nuveen Fund Advisors LLC purchased a new stake in shares of SemGroup Corp during the third quarter valued at about $240,000. Zacks Investment Management purchased a new stake in shares of SemGroup Corp during the third quarter valued at about $260,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of SemGroup Corp during the third quarter valued at about $267,000.
Shares of SemGroup Corp (NASDAQ:SEMG) traded up 0.30% on Friday, hitting $33.55. The company’s stock had a trading volume of 586,578 shares. SemGroup Corp has a one year low of $25.39 and a one year high of $43.20. The stock has a 50-day moving average price of $34.64 and a 200 day moving average price of $36.73. The firm has a market cap of $2.21 billion and a price-to-earnings ratio of 838.75.
SemGroup Corp (NASDAQ:SEMG) last posted its quarterly earnings data on Thursday, February 23rd. The company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. The company had revenue of $402.20 million for the quarter, compared to the consensus estimate of $332.33 million. During the same quarter last year, the company earned $0.02 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. Equities research analysts predict that SemGroup Corp will post $0.99 EPS for the current year.
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Several brokerages have weighed in on SEMG. Barclays PLC began coverage on SemGroup Corp in a research note on Tuesday, February 21st. They set an “equal weight” rating and a $43.00 price objective on the stock. Royal Bank of Canada restated a “buy” rating and set a $42.00 target price on shares of SemGroup Corp in a research report on Friday, April 7th. Finally, Zacks Investment Research lowered SemGroup Corp from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 3rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. SemGroup Corp currently has a consensus rating of “Hold” and an average price target of $40.33.
In other SemGroup Corp news, insider Carlin G. Conner purchased 7,500 shares of SemGroup Corp stock in a transaction dated Friday, March 10th. The shares were bought at an average cost of $33.55 per share, for a total transaction of $251,625.00. Following the transaction, the insider now owns 165,292 shares in the company, valued at approximately $5,545,546.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William J. Mcadam purchased 5,000 shares of SemGroup Corp stock in a transaction dated Thursday, March 23rd. The stock was acquired at an average price of $33.84 per share, for a total transaction of $169,200.00. Following the completion of the transaction, the director now owns 669 shares in the company, valued at approximately $22,638.96. The disclosure for this purchase can be found here.
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