William J. Mcadam Acquires 5,000 Shares of SemGroup Corp (SEMG) Stock

SemGroup Corp (NASDAQ:SEMG) Director William J. Mcadam acquired 5,000 shares of SemGroup Corp stock in a transaction dated Thursday, March 23rd. The stock was purchased at an average cost of $33.84 per share, for a total transaction of $169,200.00. Following the completion of the purchase, the director now owns 669 shares in the company, valued at approximately $22,638.96. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

SemGroup Corp (NASDAQ:SEMG) traded down 0.224% on Friday, reaching $33.375. 451,068 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $34.64 and its 200 day moving average price is $36.73. The company has a market cap of $2.20 billion and a PE ratio of 834.375. SemGroup Corp has a 12 month low of $25.39 and a 12 month high of $43.20.

SemGroup Corp (NASDAQ:SEMG) last announced its quarterly earnings results on Thursday, February 23rd. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $402.20 million for the quarter, compared to analysts’ expectations of $332.33 million. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.02 earnings per share. On average, equities analysts expect that SemGroup Corp will post $0.99 EPS for the current fiscal year.

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SEMG has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of SemGroup Corp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 22nd. Royal Bank of Canada reiterated a “buy” rating and set a $42.00 target price on shares of SemGroup Corp in a research report on Friday, April 7th. Finally, Barclays PLC started coverage on shares of SemGroup Corp in a research report on Tuesday, February 21st. They set an “equal weight” rating and a $43.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.33.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Viking Fund Management LLC boosted its position in shares of SemGroup Corp by 24.5% in the first quarter. Viking Fund Management LLC now owns 463,600 shares of the company’s stock valued at $16,690,000 after buying an additional 91,100 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of SemGroup Corp by 25.7% in the fourth quarter. Teachers Advisors LLC now owns 107,196 shares of the company’s stock valued at $4,475,000 after buying an additional 21,930 shares in the last quarter. Norges Bank bought a new position in shares of SemGroup Corp during the fourth quarter valued at $16,669,000. WFG Advisors LP boosted its position in shares of SemGroup Corp by 2,677.4% in the fourth quarter. WFG Advisors LP now owns 10,443 shares of the company’s stock valued at $197,000 after buying an additional 10,067 shares in the last quarter. Finally, FFT Wealth Management LLC boosted its position in shares of SemGroup Corp by 100.0% in the fourth quarter. FFT Wealth Management LLC now owns 26,068 shares of the company’s stock valued at $1,088,000 after buying an additional 13,034 shares in the last quarter.

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