California State Teachers Retirement System Has $3.06 Million Holdings in SemGroup Corp (NYSE:SEMG)

California State Teachers Retirement System reduced its holdings in shares of SemGroup Corp (NYSE:SEMG) by 9.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,301 shares of the pipeline company’s stock after selling 11,435 shares during the period. California State Teachers Retirement System owned about 0.14% of SemGroup worth $3,056,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Harvest Fund Advisors LLC raised its stake in shares of SemGroup by 25.2% during the third quarter. Harvest Fund Advisors LLC now owns 7,429,829 shares of the pipeline company’s stock worth $213,608,000 after buying an additional 1,496,078 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in SemGroup by 16.8% during the third quarter. Dimensional Fund Advisors LP now owns 4,645,268 shares of the pipeline company’s stock valued at $133,552,000 after purchasing an additional 667,217 shares during the period. BlackRock Inc. grew its holdings in SemGroup by 0.6% during the second quarter. BlackRock Inc. now owns 4,124,951 shares of the pipeline company’s stock valued at $111,372,000 after purchasing an additional 25,231 shares during the period. Northern Trust Corp grew its holdings in SemGroup by 44.9% during the second quarter. Northern Trust Corp now owns 1,559,709 shares of the pipeline company’s stock valued at $42,113,000 after purchasing an additional 483,458 shares during the period. Finally, State Street Corp grew its holdings in SemGroup by 6.3% during the second quarter. State Street Corp now owns 1,403,997 shares of the pipeline company’s stock valued at $37,911,000 after purchasing an additional 82,777 shares during the period. Institutional investors and hedge funds own 98.29% of the company’s stock.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of SemGroup from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 22nd. Morgan Stanley cut their price objective on shares of SemGroup from $32.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Friday, November 17th. SunTrust Banks set a $29.00 price objective on shares of SemGroup and gave the stock a “buy” rating in a research report on Friday, November 10th. Barclays dropped their price target on shares of SemGroup from $32.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 29th. Finally, Royal Bank of Canada dropped their price target on shares of SemGroup from $33.00 to $28.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $31.14.

Shares of SemGroup Corp (SEMG) opened at $29.10 on Thursday. SemGroup Corp has a one year low of $21.35 and a one year high of $42.40. The company has a quick ratio of 1.01, a current ratio of 1.24 and a debt-to-equity ratio of 1.78. The firm has a market cap of $2,281.86, a P/E ratio of -363.75, a PEG ratio of 13.06 and a beta of 2.03.

SemGroup (NYSE:SEMG) last posted its quarterly earnings results on Thursday, November 9th. The pipeline company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.15. The company had revenue of $545.90 million for the quarter, compared to the consensus estimate of $474.83 million. SemGroup had a negative net margin of 0.41% and a positive return on equity of 5.96%. The firm’s quarterly revenue was up 66.5% compared to the same quarter last year. During the same period last year, the company posted ($0.14) EPS. sell-side analysts anticipate that SemGroup Corp will post -0.25 earnings per share for the current year.

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SemGroup Profile

SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services to producers, refiners of petroleum products and other market participants located in the Midwest and Rocky Mountain regions of the United States and Canada. The Company’s segments include Crude Transportation, which operates crude oil pipelines and truck transportation businesses in the United States; Crude Facilities, which operates crude oil storage and terminal businesses in the United States; Crude Supply and Logistics, which operates a crude oil marketing business; SemGas, which provides natural gas gathering and processing services; SemCAMS, which operates natural gas processing and gathering facilities in Alberta, Canada; SemLogistics, which owns petroleum products storage facility in the United Kingdom, and SemMexico, which provides liquid asphalt cement products and product application services to the Mexican market, and Corporate and Other.

Institutional Ownership by Quarter for SemGroup (NYSE:SEMG)

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