SemGroup Corp to Issue Quarterly Dividend of $0.45 (NASDAQ:SEMG)
SemGroup Corp (NASDAQ:SEMG) declared a quarterly dividend on Monday, August 7th, Wall Street Journal reports. Stockholders of record on Friday, August 18th will be given a dividend of 0.45 per share on Monday, August 28th. This represents a $1.80 annualized dividend and a dividend yield of 7.13%. The ex-dividend date is Wednesday, August 16th.
SemGroup Corp (NASDAQ SEMG) traded down 0.98% on Monday, hitting $25.25. The stock had a trading volume of 1,234,778 shares. SemGroup Corp has a 1-year low of $22.55 and a 1-year high of $43.20. The stock has a market capitalization of $1.67 billion and a price-to-earnings ratio of 260.31. The company has a 50-day moving average price of $25.99 and a 200-day moving average price of $32.85.
SemGroup Corp (NASDAQ:SEMG) last issued its quarterly earnings results on Monday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. The firm had revenue of $473 million during the quarter, compared to the consensus estimate of $387.50 million. SemGroup Corp had a negative return on equity of 2.88% and a negative net margin of 2.25%. The company’s revenue for the quarter was up 64.6% on a year-over-year basis. During the same quarter last year, the company posted $0.18 EPS. Equities analysts predict that SemGroup Corp will post $0.83 earnings per share for the current year.
A number of analysts have recently issued reports on the company. Barclays PLC set a $36.00 price target on SemGroup Corp and gave the company a “hold” rating in a research report on Saturday, May 6th. UBS AG reissued a “buy” rating and set a $42.00 price objective (down from $45.00) on shares of SemGroup Corp in a report on Monday, June 12th. Zacks Investment Research cut SemGroup Corp from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Wells Fargo & Company cut SemGroup Corp from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $33.00 price objective on shares of SemGroup Corp in a report on Monday, July 24th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $34.43.
In other news, Director William J. Mcadam acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The shares were bought at an average cost of $28.00 per share, with a total value of $420,000.00. Following the acquisition, the director now owns 4,077 shares in the company, valued at approximately $114,156. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert N. Fitzgerald acquired 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were purchased at an average cost of $26.19 per share, for a total transaction of $91,665.00. Following the completion of the acquisition, the chief financial officer now owns 84,528 shares in the company, valued at approximately $2,213,788.32. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 22,324 shares of company stock worth $611,777.
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About SemGroup Corp
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