Advisors Asset Management Inc. Purchases 133,516 Shares of SemGroup Corp (SEMG)
Advisors Asset Management Inc. boosted its stake in shares of SemGroup Corp (NASDAQ:SEMG) by 26.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 637,825 shares of the company’s stock after buying an additional 133,516 shares during the period. Advisors Asset Management Inc.’s holdings in SemGroup Corp were worth $17,221,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new position in SemGroup Corp during the fourth quarter valued at $16,669,000. Teachers Advisors LLC raised its position in SemGroup Corp by 25.7% in the fourth quarter. Teachers Advisors LLC now owns 107,196 shares of the company’s stock valued at $4,475,000 after buying an additional 21,930 shares during the period. Viking Fund Management LLC raised its position in SemGroup Corp by 24.5% in the first quarter. Viking Fund Management LLC now owns 463,600 shares of the company’s stock valued at $16,690,000 after buying an additional 91,100 shares during the period. Hollencrest Securities LLC purchased a new position in SemGroup Corp during the first quarter valued at $487,000. Finally, Personal Capital Advisors Corp purchased a new position in SemGroup Corp during the first quarter valued at $378,000.
Shares of SemGroup Corp (NASDAQ SEMG) opened at 23.75 on Friday. The company has a 50-day moving average of $25.96 and a 200 day moving average of $32.12. The stock has a market cap of $1.87 billion and a price-to-earnings ratio of 235.15. SemGroup Corp has a one year low of $22.55 and a one year high of $43.20.
SemGroup Corp (NASDAQ:SEMG) last issued its quarterly earnings results on Monday, August 7th. The company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.04. SemGroup Corp had a return on equity of 2.73% and a net margin of 2.03%. The firm had revenue of $473 million during the quarter, compared to the consensus estimate of $387.50 million. During the same period last year, the company earned $0.18 earnings per share. The company’s revenue for the quarter was up 64.6% on a year-over-year basis. On average, equities analysts forecast that SemGroup Corp will post $0.81 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Friday, August 18th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date of this dividend is Wednesday, August 16th.
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Several equities analysts have recently weighed in on SEMG shares. Zacks Investment Research lowered shares of SemGroup Corp from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 2nd. Barclays PLC set a $36.00 target price on shares of SemGroup Corp and gave the company a “hold” rating in a report on Saturday, May 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $41.00 target price (down from $42.00) on shares of SemGroup Corp in a report on Tuesday, May 9th. UBS AG reaffirmed a “buy” rating and set a $42.00 target price (down from $45.00) on shares of SemGroup Corp in a report on Monday, June 12th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $32.00 target price (down from $39.00) on shares of SemGroup Corp in a report on Wednesday, June 21st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. SemGroup Corp has a consensus rating of “Hold” and an average price target of $34.43.
In other SemGroup Corp news, Director Sarah Morrison Barpoulis sold 1,470 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $31.45, for a total value of $46,231.50. Following the completion of the sale, the director now owns 13,130 shares of the company’s stock, valued at $412,938.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Carlin G. Conner bought 3,824 shares of SemGroup Corp stock in a transaction on Thursday, June 8th. The stock was acquired at an average cost of $26.18 per share, with a total value of $100,112.32. Following the acquisition, the insider now owns 163,903 shares of the company’s stock, valued at approximately $4,290,980.54. The disclosure for this purchase can be found here. In the last three months, insiders acquired 22,324 shares of company stock valued at $611,777.
SemGroup Corp Company Profile
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