SemGroup Corp (NYSE:SEMG) Shares Purchased by SG Americas Securities LLC

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SG Americas Securities LLC raised its stake in shares of SemGroup Corp (NYSE:SEMG) by 4,036.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 414,389 shares of the pipeline company’s stock after buying an additional 404,372 shares during the period. SG Americas Securities LLC’s holdings in SemGroup were worth $6,771,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in SemGroup by 6.4% during the 2nd quarter. Vanguard Group Inc. now owns 7,902,048 shares of the pipeline company’s stock valued at $94,825,000 after buying an additional 475,190 shares during the last quarter. Brookfield Asset Management Inc. grew its holdings in SemGroup by 1.6% during the 2nd quarter. Brookfield Asset Management Inc. now owns 7,272,329 shares of the pipeline company’s stock valued at $87,268,000 after buying an additional 118,028 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in SemGroup by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,764,526 shares of the pipeline company’s stock valued at $21,174,000 after buying an additional 82,383 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in SemGroup during the 2nd quarter valued at $15,197,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of SemGroup by 7.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 794,690 shares of the pipeline company’s stock worth $9,537,000 after purchasing an additional 53,198 shares during the last quarter. Hedge funds and other institutional investors own 79.75% of the company’s stock.

Shares of SEMG stock traded up $0.05 during mid-day trading on Friday, hitting $16.07. 1,779,377 shares of the company’s stock were exchanged, compared to its average volume of 1,464,638. SemGroup Corp has a fifty-two week low of $8.10 and a fifty-two week high of $18.86. The stock has a 50-day simple moving average of $16.23 and a two-hundred day simple moving average of $12.90. The company has a quick ratio of 1.36, a current ratio of 1.45 and a debt-to-equity ratio of 1.19. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -84.58 and a beta of 1.60.

SemGroup (NYSE:SEMG) last posted its quarterly earnings data on Thursday, November 7th. The pipeline company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.03). The business had revenue of $562.00 million for the quarter, compared to analyst estimates of $651.81 million. SemGroup had a positive return on equity of 1.13% and a negative net margin of 0.94%. SemGroup’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 EPS. As a group, analysts anticipate that SemGroup Corp will post -0.83 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 14th will be given a $0.4725 dividend. This is a positive change from SemGroup’s previous quarterly dividend of $0.42. This represents a $1.89 annualized dividend and a dividend yield of 11.76%. The ex-dividend date of this dividend is Wednesday, November 13th. SemGroup’s dividend payout ratio (DPR) is -994.74%.

Several equities research analysts have recently issued reports on SEMG shares. Barclays set a $16.00 price objective on SemGroup and gave the stock a “sell” rating in a report on Tuesday, October 15th. SunTrust Banks decreased their price objective on SemGroup from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Tuesday, October 15th. ValuEngine cut SemGroup from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Royal Bank of Canada cut SemGroup from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $19.00 to $11.00 in a report on Friday, August 23rd. Finally, UBS Group raised their price objective on SemGroup from $10.25 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. SemGroup currently has a consensus rating of “Hold” and an average target price of $17.11.

In related news, major shareholder Investor I. L.P. Buffalo sold 5,642,408 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $16.61, for a total value of $93,720,396.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

SemGroup Company Profile

SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. The company operates in three segments: U.S. Liquids, U.S. Gas, and Canada. The U.S. Liquids segment operates crude oil pipelines, truck transportation, storage, terminals, and marketing businesses; stores, blends, and transports refinery products and refinery feedstock through pipeline, barge, rail, truck, and ship; and operates a residual fuel oil storage terminal in the U.S.

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Institutional Ownership by Quarter for SemGroup (NYSE:SEMG)

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