Shares of SemGroup Corp (NYSE:SEMG) reached a new 52-week low during trading on Thursday . The stock traded as low as $15.27 and last traded at $15.30, with a volume of 58431 shares changing hands. The stock had previously closed at $16.27.
Several analysts recently commented on SEMG shares. Wells Fargo & Co restated a “hold” rating on shares of SemGroup in a research report on Tuesday, November 13th. ValuEngine upgraded SemGroup from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research restated a “hold” rating and issued a $22.00 target price on shares of SemGroup in a research report on Thursday, November 15th. Morgan Stanley lowered their target price on SemGroup from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Friday, November 30th. Finally, Royal Bank of Canada lowered their target price on SemGroup from $30.00 to $29.00 and set an “outperform” rating on the stock in a research report on Friday, August 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $26.40.
The company has a quick ratio of 1.10, a current ratio of 1.17 and a debt-to-equity ratio of 1.68. The company has a market cap of $1.25 billion, a PE ratio of -67.42 and a beta of 1.87.
The company also recently declared a quarterly dividend, which was paid on Monday, November 26th. Shareholders of record on Friday, November 16th were paid a dividend of $0.4725 per share. This represents a $1.89 dividend on an annualized basis and a yield of 11.68%. The ex-dividend date of this dividend was Thursday, November 15th. SemGroup’s payout ratio is currently -787.50%.
In other news, Director William J. Mcadam purchased 15,000 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was purchased at an average cost of $16.57 per share, with a total value of $248,550.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.77% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in SemGroup by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 6,998,716 shares of the pipeline company’s stock valued at $154,321,000 after purchasing an additional 47,047 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of SemGroup by 5.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,644,065 shares of the pipeline company’s stock worth $146,502,000 after acquiring an additional 363,331 shares in the last quarter. BlackRock Inc. boosted its stake in shares of SemGroup by 20.9% during the 2nd quarter. BlackRock Inc. now owns 5,526,180 shares of the pipeline company’s stock worth $140,363,000 after acquiring an additional 953,465 shares in the last quarter. Tortoise Capital Advisors L.L.C. boosted its stake in shares of SemGroup by 6.6% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 3,924,251 shares of the pipeline company’s stock worth $110,710,000 after acquiring an additional 242,554 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP boosted its stake in shares of SemGroup by 24.3% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 2,843,619 shares of the pipeline company’s stock worth $62,689,000 after acquiring an additional 555,991 shares in the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.
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About SemGroup (NYSE:SEMG)
SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. Its Crude Transportation segment operates crude oil pipelines and truck transportation businesses. It operates a 455-mile crude oil gathering and transportation pipeline system in Kansas and northern Oklahoma; a 75-mile crude oil gathering pipeline system that transports crude oil from production facilities in the DJ Basin to the pipeline owned by White Cliffs Pipeline, LLC; a 527-mile pipeline that transports crude oil from Platteville, Colorado to Cushing, Oklahoma; and 3 pipelines with an aggregate of 106 miles of pipe, as well as crude oil trucking fleet of 215 transport trucks and 210 trailers.
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