California Public Employees Retirement System Purchases 44,700 Shares of SemGroup Corp (SEMG)
California Public Employees Retirement System boosted its position in SemGroup Corp (NASDAQ:SEMG) by 58.7% during the second quarter, Holdings Channel reports. The institutional investor owned 120,800 shares of the company’s stock after buying an additional 44,700 shares during the period. California Public Employees Retirement System owned approximately 0.27% of SemGroup Corp worth $3,933,000 at the end of the most recent reporting period.
Separately, Swiss National Bank increased its position in SemGroup Corp by 22.4% in the second quarter. Swiss National Bank now owns 86,441 shares of the company’s stock valued at $2,815,000 after buying an additional 15,841 shares during the period.
Shares of SemGroup Corp (NASDAQ:SEMG) traded up 0.78% during midday trading on Thursday, reaching $33.50. The company had a trading volume of 442,161 shares. The company’s 50 day moving average price is $31.66 and its 200 day moving average price is $29.15. The stock’s market capitalization is $1.77 billion. SemGroup Corp has a 52-week low of $13.98 and a 52-week high of $55.54.
SemGroup Corp (NASDAQ:SEMG) last announced its earnings results on Thursday, August 4th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $287.40 million for the quarter, compared to analysts’ expectations of $353.91 million. The business’s revenue for the quarter was down 23.8% on a year-over-year basis. Equities research analysts expect that SemGroup Corp will post ($0.01) earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 25th. Investors of record on Monday, August 15th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend was Thursday, August 11th.
Several equities analysts have recently issued reports on the stock. Goldman Sachs Group Inc. assumed coverage on shares of SemGroup Corp in a report on Thursday, August 25th. They set a “buy” rating and a $39.00 price objective on the stock. Zacks Investment Research downgraded shares of SemGroup Corp from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. SunTrust Banks Inc. assumed coverage on shares of SemGroup Corp in a report on Tuesday, June 14th. They set a “buy” rating and a $42.00 price objective on the stock. Finally, Morgan Stanley restated a “hold” rating on shares of SemGroup Corp in a report on Wednesday, June 1st.
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