SemGroup Corp (SEMG) Holdings Raised by JPMorgan Chase & Co.

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JPMorgan Chase & Co. boosted its position in shares of SemGroup Corp (NYSE:SEMG) by 1.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 224,040 shares of the pipeline company’s stock after acquiring an additional 3,103 shares during the period. JPMorgan Chase & Co. owned 0.28% of SemGroup worth $4,940,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in shares of SemGroup by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 6,280,734 shares of the pipeline company’s stock valued at $159,530,000 after buying an additional 516,765 shares during the last quarter. Bank of America Corp DE raised its position in shares of SemGroup by 40.4% during the second quarter. Bank of America Corp DE now owns 231,494 shares of the pipeline company’s stock valued at $5,880,000 after buying an additional 66,634 shares during the last quarter. First Trust Advisors LP raised its position in shares of SemGroup by 288.7% during the second quarter. First Trust Advisors LP now owns 65,449 shares of the pipeline company’s stock valued at $1,662,000 after buying an additional 48,610 shares during the last quarter. SL Advisors LLC raised its position in shares of SemGroup by 40.2% during the third quarter. SL Advisors LLC now owns 26,124 shares of the pipeline company’s stock valued at $575,000 after buying an additional 7,489 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of SemGroup by 20.9% during the second quarter. BlackRock Inc. now owns 5,526,180 shares of the pipeline company’s stock valued at $140,363,000 after buying an additional 953,465 shares during the last quarter. Institutional investors own 98.23% of the company’s stock.

NYSE SEMG opened at $15.37 on Wednesday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.10 and a current ratio of 1.17. SemGroup Corp has a 52 week low of $15.13 and a 52 week high of $30.95.

SemGroup (NYSE:SEMG) last issued its earnings results on Wednesday, November 7th. The pipeline company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.09). The company had revenue of $634.00 million for the quarter, compared to analysts’ expectations of $586.71 million. SemGroup had a negative net margin of 0.99% and a positive return on equity of 0.32%. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.25) earnings per share. Analysts forecast that SemGroup Corp will post -0.11 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 26th. Stockholders of record on Friday, November 16th were paid a dividend of $0.4725 per share. This represents a $1.89 dividend on an annualized basis and a dividend yield of 12.30%. The ex-dividend date was Thursday, November 15th. SemGroup’s dividend payout ratio is currently -787.50%.

Several equities research analysts have recently issued reports on the stock. ValuEngine cut shares of SemGroup from a “hold” rating to a “sell” rating in a research report on Saturday, November 10th. Wells Fargo & Co reduced their price objective on shares of SemGroup from $27.00 to $24.00 and set a “market perform” rating on the stock in a research report on Monday, September 24th. Zacks Investment Research upgraded shares of SemGroup from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Tuesday, October 9th. Goldman Sachs Group cut shares of SemGroup from a “neutral” rating to a “sell” rating in a research report on Monday, October 8th. Finally, Barclays reiterated a “hold” rating and set a $25.00 price objective on shares of SemGroup in a research report on Friday, October 12th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $26.40.

In related news, Director William J. Mcadam bought 15,000 shares of the stock in a transaction dated Monday, November 19th. The stock was purchased at an average cost of $16.57 per share, with a total value of $248,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.79% of the stock is currently owned by insiders.

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SemGroup 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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