NBW Capital LLC reduced its stake in SemGroup Corp (NYSE:SEMG) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 246,552 shares of the pipeline company’s stock after selling 4,054 shares during the quarter. SemGroup makes up 2.0% of NBW Capital LLC’s investment portfolio, making the stock its 26th largest holding. NBW Capital LLC owned 0.31% of SemGroup worth $7,446,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC increased its position in shares of SemGroup by 1,087.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,750 shares of the pipeline company’s stock valued at $143,000 after purchasing an additional 4,350 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in shares of SemGroup during the 4th quarter valued at $156,000. Capital Innovations LLC purchased a new stake in shares of SemGroup during the 4th quarter valued at $219,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of SemGroup during the 3rd quarter valued at $221,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of SemGroup during the 4th quarter valued at $228,000.
In related news, Director William J. Mcadam bought 10,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was acquired at an average price of $22.73 per share, for a total transaction of $227,300.00. Following the purchase, the director now directly owns 4,077 shares in the company, valued at $92,670.21. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is owned by company insiders.
SemGroup (NYSE:SEMG) last posted its quarterly earnings results on Monday, February 26th. The pipeline company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $606.80 million during the quarter, compared to the consensus estimate of $560.34 million. SemGroup had a positive return on equity of 5.14% and a negative net margin of 0.82%. The firm’s quarterly revenue was up 50.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 EPS. research analysts forecast that SemGroup Corp will post 0.33 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Friday, March 9th will be paid a $0.4725 dividend. The ex-dividend date is Thursday, March 8th. This represents a $1.89 annualized dividend and a yield of 8.48%. This is an increase from SemGroup’s previous quarterly dividend of $0.45. SemGroup’s dividend payout ratio (DPR) is currently -821.74%.
SEMG has been the subject of several research analyst reports. Zacks Investment Research raised SemGroup from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 22nd. Morgan Stanley decreased their target price on SemGroup from $32.00 to $29.00 and set an “equal weight” rating for the company in a research report on Friday, November 17th. Barclays decreased their target price on SemGroup from $32.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 29th. Royal Bank of Canada decreased their target price on SemGroup from $33.00 to $28.00 and set an “outperform” rating for the company in a research report on Tuesday, November 14th. Finally, SunTrust Banks set a $29.00 target price on SemGroup and gave the company a “buy” rating in a research report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. SemGroup presently has a consensus rating of “Hold” and an average price target of $28.63.
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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.
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