Catalyst Capital Advisors LLC Raises Stake in SemGroup Corp (SEMG)
Catalyst Capital Advisors LLC increased its position in SemGroup Corp (NASDAQ:SEMG) by 21.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 210,248 shares of the company’s stock after buying an additional 37,519 shares during the period. Catalyst Capital Advisors LLC’s holdings in SemGroup Corp were worth $5,677,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Chickasaw Capital Management LLC boosted its position in SemGroup Corp by 5.5% in the second quarter. Chickasaw Capital Management LLC now owns 6,723,884 shares of the company’s stock worth $181,545,000 after buying an additional 350,483 shares during the period. Vanguard Group Inc. boosted its position in SemGroup Corp by 5.6% in the first quarter. Vanguard Group Inc. now owns 5,520,635 shares of the company’s stock worth $198,743,000 after buying an additional 294,061 shares during the period. Iridian Asset Management LLC CT boosted its position in SemGroup Corp by 2.2% in the first quarter. Iridian Asset Management LLC CT now owns 5,467,272 shares of the company’s stock worth $196,822,000 after buying an additional 118,925 shares during the period. BlackRock Inc. boosted its position in SemGroup Corp by 6,736.2% in the first quarter. BlackRock Inc. now owns 4,099,720 shares of the company’s stock worth $147,591,000 after buying an additional 4,039,749 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in SemGroup Corp by 17.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,333,659 shares of the company’s stock worth $120,010,000 after buying an additional 485,040 shares during the period.
SemGroup Corp (SEMG) opened at 23.75 on Friday. SemGroup Corp has a 1-year low of $22.55 and a 1-year high of $43.20. The stock has a 50 day moving average price of $25.96 and a 200 day moving average price of $32.12. The firm has a market cap of $1.87 billion and a P/E ratio of 235.15.
SemGroup Corp (NASDAQ:SEMG) last released its earnings results on Monday, August 7th. The company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.04. The company 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%. SemGroup Corp’s quarterly revenue was up 64.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS. On average, analysts anticipate that SemGroup Corp will post $0.81 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Friday, August 18th will be given a $0.45 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $1.80 dividend on an annualized basis and a yield of 7.58%.
A number of research analysts have recently commented on SEMG shares. Royal Bank Of Canada dropped their target price on shares of SemGroup Corp from $41.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday, June 22nd. Barclays PLC raised shares of SemGroup Corp from an “equal weight” rating to an “overweight” rating and set a $36.00 target price for the company in a report on Tuesday, June 13th. Wells Fargo & Company cut shares of SemGroup Corp from an “outperform” rating to a “market perform” rating in a report on Monday, July 17th. Zacks Investment Research cut shares of SemGroup Corp from a “hold” rating to a “strong sell” rating in a report on Friday, May 26th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $32.00 target price (down previously from $39.00) on shares of SemGroup Corp in a report on Wednesday, June 21st. 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 an average rating of “Hold” and a consensus target price of $34.43.
In other news, insider Carlin G. Conner bought 3,824 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was bought at an average price of $26.18 per share, for a total transaction of $100,112.32. Following the transaction, the insider now directly owns 163,903 shares of the company’s stock, valued at approximately $4,290,980.54. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William J. Mcadam bought 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was purchased at an average price of $28.00 per share, with a total value of $420,000.00. Following the transaction, the director now directly owns 4,077 shares in the company, valued at $114,156. The disclosure for this purchase can be found here. Insiders purchased a total of 22,324 shares of company stock valued at $611,777 in the last 90 days.
About SemGroup Corp
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