Goldman Sachs Group Inc. reduced its stake in SemGroup Corp (NYSE:SEMG) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,023,316 shares of the pipeline company’s stock after selling 440,218 shares during the period. Goldman Sachs Group Inc. owned 5.11% of SemGroup worth $121,504,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of SEMG. Nisa Investment Advisors LLC lifted its stake in SemGroup by 1,087.5% during the fourth 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 acquired a new stake in SemGroup during the fourth quarter valued at approximately $156,000. Capital Innovations LLC acquired a new stake in shares of SemGroup during the fourth quarter valued at approximately $219,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of SemGroup during the third quarter valued at approximately $221,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of SemGroup during the fourth quarter valued at approximately $228,000.
In related news, Director William J. Mcadam acquired 10,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were purchased at an average price of $22.73 per share, for a total transaction of $227,300.00. Following the purchase, the director now owns 4,077 shares in the company, valued at $92,670.21. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.77% of the stock is currently owned by corporate insiders.
SemGroup Corp (NYSE SEMG) opened at $22.65 on Wednesday. The firm has a market cap of $1,805.55, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 13.64 and a beta of 1.98. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.18 and a quick ratio of 1.05. SemGroup Corp has a 12 month low of $20.95 and a 12 month high of $36.65.
SemGroup (NYSE:SEMG) last released its quarterly earnings data on Monday, February 26th. The pipeline company reported $0.03 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. The firm had revenue of $606.80 million for the quarter, compared to analyst estimates of $560.34 million. SemGroup had a negative net margin of 0.82% and a positive return on equity of 5.14%. The company’s revenue for the quarter was up 50.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 EPS. equities research analysts expect that SemGroup Corp will post 0.33 earnings per share for the current year.
The business also recently disclosed 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. This represents a $1.89 annualized dividend and a yield of 8.34%. The ex-dividend date is Thursday, March 8th. This is a positive change from SemGroup’s previous quarterly dividend of $0.45. SemGroup’s dividend payout ratio is currently -821.74%.
COPYRIGHT VIOLATION WARNING: “SemGroup Corp (SEMG) Shares Sold by Goldman Sachs Group Inc.” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at https://www.americanbankingnews.com/2018/03/14/semgroup-corp-semg-shares-sold-by-goldman-sachs-group-inc.html.
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.
Receive News & Ratings for SemGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SemGroup and related companies with MarketBeat.com's FREE daily email newsletter.