Royal Bank Of Canada restated their outperform rating on shares of SemGroup Corp (NASDAQ:SEMG) in a research report released on Tuesday, May 9th, Marketbeat.com reports. They currently have a $41.00 price target on the stock, down from their prior price target of $42.00.
Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of SemGroup Corp from a hold rating to a buy rating and set a $46.00 price objective on the stock in a research report on Thursday, January 19th. Barclays PLC started coverage on shares of SemGroup Corp in a research report on Tuesday, February 21st. They issued an equal weight rating and a $43.00 target price for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $38.33.
SemGroup Corp (NASDAQ SEMG) traded down 8.85% during midday trading on Tuesday, reaching $26.25. The company had a trading volume of 1,107,494 shares. The firm’s 50 day moving average is $31.66 and its 200 day moving average is $36.28. SemGroup Corp has a 1-year low of $25.70 and a 1-year high of $43.20. The stock has a market capitalization of $1.74 billion and a PE ratio of 270.62.
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The company also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Monday, May 15th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend was Thursday, May 11th.
In other news, Director Sarah Morrison Barpoulis sold 1,470 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $31.45, for a total value of $46,231.50. Following the completion of the transaction, the director now owns 13,130 shares in the company, valued at approximately $412,938.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director William J. Mcadam acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, June 7th. The stock was acquired at an average price of $28.00 per share, with a total value of $420,000.00. Following the purchase, the director now owns 4,077 shares in the company, valued at approximately $114,156. The disclosure for this purchase can be found here. Insiders bought 27,324 shares of company stock valued at $780,977 over the last 90 days.
Several large investors have recently bought and sold shares of SEMG. Chickasaw Capital Management LLC raised its stake in SemGroup Corp by 6.8% in the first quarter. Chickasaw Capital Management LLC now owns 6,373,401 shares of the company’s stock valued at $229,442,000 after buying an additional 404,078 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of SemGroup Corp by 5.6% in the first quarter. Vanguard Group Inc. now owns 5,520,635 shares of the company’s stock worth $198,743,000 after buying an additional 294,061 shares in the last quarter. Iridian Asset Management LLC CT raised its stake in shares of SemGroup Corp by 2.2% in the first quarter. Iridian Asset Management LLC CT now owns 5,467,272 shares of the company’s stock worth $196,822,000 after buying an additional 118,925 shares in the last quarter. BlackRock Inc. raised its stake in shares of SemGroup Corp by 6,736.2% in the first quarter. BlackRock Inc. now owns 4,099,720 shares of the company’s stock worth $147,591,000 after buying an additional 4,039,749 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of SemGroup Corp by 17.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,333,659 shares of the company’s stock worth $120,010,000 after buying an additional 485,040 shares in the last quarter.
About SemGroup Corp
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