SemGroup Corp (SEMG) Receives Consensus Rating of “Hold” from Brokerages
SemGroup Corp (NASDAQ:SEMG) has received an average rating of “Hold” from the six ratings firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $34.00.
Several research firms recently weighed in on SEMG. Zacks Investment Research lowered SemGroup Corp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 2nd. Morgan Stanley reissued an “equal weight” rating and set a $32.00 price target (down from $39.00) on shares of SemGroup Corp in a research report on Wednesday. Barclays PLC lowered SemGroup Corp from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $36.00 to $32.00 in a research report on Tuesday, June 13th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $41.00 price target (down from $42.00) on shares of SemGroup Corp in a research report on Tuesday, May 9th.
In other news, CFO Robert N. Fitzgerald bought 3,500 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were bought at an average cost of $26.19 per share, with a total value of $91,665.00. Following the transaction, the chief financial officer now directly owns 84,528 shares in the company, valued at approximately $2,213,788.32. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Carlin G. Conner bought 3,824 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was purchased at an average cost of $26.18 per share, for a total transaction of $100,112.32. Following the completion of the transaction, the insider now owns 163,903 shares in the company, valued at $4,290,980.54. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 22,324 shares of company stock worth $611,777.
A number of hedge funds and other institutional investors have recently modified their holdings of SEMG. Teachers Advisors LLC raised 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 during the last quarter. Norges Bank purchased a new position in shares of SemGroup Corp during the fourth quarter valued at $16,669,000. WFG Advisors LP raised 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 during the last quarter. CNH Partners LLC purchased a new position in shares of SemGroup Corp during the fourth quarter valued at $665,000. Finally, Guggenheim Capital LLC raised its position in shares of SemGroup Corp by 25.8% in the fourth quarter. Guggenheim Capital LLC now owns 77,843 shares of the company’s stock valued at $3,250,000 after buying an additional 15,965 shares during the last quarter.
SemGroup Corp (NASDAQ:SEMG) traded up 3.81% during mid-day trading on Friday, reaching $24.50. The company’s stock had a trading volume of 1,226,149 shares. The firm has a 50-day moving average of $30.42 and a 200 day moving average of $35.90. The firm has a market capitalization of $1.62 billion and a price-to-earnings ratio of 252.58. SemGroup Corp has a 1-year low of $23.30 and a 1-year high of $43.20.
The company also recently announced a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Monday, May 15th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.35%. The ex-dividend date of this dividend was Thursday, May 11th.
SemGroup Corp Company Profile
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