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.

WARNING: “SemGroup Corp to Issue Quarterly Dividend of $0.45 (NASDAQ:SEMG)” was published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/08/07/semgroup-corp-to-issue-quarterly-dividend-of-0-45-nasdaqsemg.html.

About SemGroup Corp

Dividend History for SemGroup Corp (NASDAQ:SEMG)

Receive News & Ratings for SemGroup Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SemGroup Corp and related companies with MarketBeat.com's FREE daily email newsletter.