Northern Trust Corp boosted its position in SemGroup Corp (NYSE:SEMG) by 6.9% in the 2nd quarter, Holdings Channel reports. The firm owned 2,008,364 shares of the pipeline company’s stock after purchasing an additional 129,492 shares during the period. Northern Trust Corp’s holdings in SemGroup were worth $51,012,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Chickasaw Capital Management LLC increased its stake in shares of SemGroup by 4.2% during the 2nd quarter. Chickasaw Capital Management LLC now owns 8,920,224 shares of the pipeline company’s stock valued at $226,574,000 after acquiring an additional 361,462 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in SemGroup by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,280,734 shares of the pipeline company’s stock worth $159,530,000 after acquiring an additional 516,765 shares during the period. BlackRock Inc. boosted its holdings in SemGroup by 20.9% in the 2nd quarter. BlackRock Inc. now owns 5,526,180 shares of the pipeline company’s stock worth $140,363,000 after acquiring an additional 953,465 shares during the period. Tortoise Capital Advisors L.L.C. boosted its holdings in SemGroup by 14.7% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 3,681,697 shares of the pipeline company’s stock worth $93,515,000 after acquiring an additional 471,309 shares during the period. Finally, Atlantic Trust Group LLC boosted its holdings in SemGroup by 17.3% in the 1st quarter. Atlantic Trust Group LLC now owns 3,667,254 shares of the pipeline company’s stock worth $78,479,000 after acquiring an additional 540,016 shares during the period.

A number of equities analysts have weighed in on SEMG shares. ValuEngine cut SemGroup from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. Zacks Investment Research upgraded SemGroup from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday. Capital One Financial restated an “equal weight” rating on shares of SemGroup in a report on Thursday, June 28th. Wells Fargo & Co restated a “hold” rating on shares of SemGroup in a report on Wednesday, September 12th. Finally, Royal Bank of Canada decreased their price target on SemGroup from $30.00 to $29.00 and set an “outperform” rating for the company in a report on Friday, August 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. SemGroup presently has a consensus rating of “Hold” and an average price target of $26.90.

SemGroup stock opened at $20.82 on Friday. The company has a market cap of $1.74 billion, a PE ratio of -86.75, a price-to-earnings-growth ratio of 63.00 and a beta of 1.88. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.13 and a quick ratio of 1.02. SemGroup Corp has a 52 week low of $20.20 and a 52 week high of $30.95.

SemGroup (NYSE:SEMG) last released its earnings results on Wednesday, August 8th. The pipeline company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.12). The business had revenue of $595.80 million for the quarter, compared to analysts’ expectations of $602.06 million. SemGroup had a negative net margin of 2.17% and a positive return on equity of 2.44%. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 earnings per share. As a group, analysts forecast that SemGroup Corp will post 0.07 earnings per share for the current year.

SemGroup Company Profile

SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. Its Crude Transportation segment operates crude oil pipelines and truck transportation businesses. It operates a 455-mile crude oil gathering and transportation pipeline system in Kansas and northern Oklahoma; a 75-mile crude oil gathering pipeline system that transports crude oil from production facilities in the DJ Basin to the pipeline owned by White Cliffs Pipeline, LLC; a 527-mile pipeline that transports crude oil from Platteville, Colorado to Cushing, Oklahoma; and 3 pipelines with an aggregate of 106 miles of pipe, as well as crude oil trucking fleet of 215 transport trucks and 210 trailers.

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Institutional Ownership by Quarter for SemGroup (NYSE:SEMG)

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