Vanguard Group Inc raised its position in shares of SemGroup Corp (NYSE:SEMG) by 0.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,998,716 shares of the pipeline company’s stock after purchasing an additional 47,047 shares during the quarter. Vanguard Group Inc owned about 0.09% of SemGroup worth $154,321,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of SemGroup in the 2nd quarter valued at approximately $165,000. Public Employees Retirement Association of Colorado lifted its stake in shares of SemGroup by 69.3% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 8,768 shares of the pipeline company’s stock valued at $193,000 after purchasing an additional 3,589 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of SemGroup in the 3rd quarter valued at approximately $212,000. Gator Capital Management LLC bought a new stake in shares of SemGroup in the 3rd quarter valued at approximately $287,000. Finally, Verition Fund Management LLC bought a new stake in shares of SemGroup in the 2nd quarter valued at approximately $380,000. Institutional investors and hedge funds own 98.23% of the company’s stock.
Shares of SEMG stock opened at $16.99 on Friday. SemGroup Corp has a 52-week low of $12.86 and a 52-week high of $30.35. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.17 and a quick ratio of 1.10. The company has a market cap of $1.23 billion, a P/E ratio of -70.79, a price-to-earnings-growth ratio of 5.84 and a beta of 1.78.
Several research firms have recently issued reports on SEMG. ValuEngine raised SemGroup from a “sell” rating to a “hold” rating in a research note on Thursday. Goldman Sachs Group raised SemGroup from a “sell” rating to a “neutral” rating in a research note on Wednesday, January 2nd. Morgan Stanley decreased their price target on SemGroup from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, November 30th. Zacks Investment Research reissued a “hold” rating and set a $22.00 price target on shares of SemGroup in a research note on Thursday, November 15th. Finally, Wells Fargo & Co reissued a “hold” rating on shares of SemGroup in a research note on Tuesday, November 13th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. SemGroup has a consensus rating of “Hold” and an average target price of $25.78.
In other news, Director William J. Mcadam bought 15,000 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was acquired at an average cost of $16.57 per share, with a total value of $248,550.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.79% of the company’s stock.
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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