Barclays PLC grew its holdings in SemGroup Corp (NYSE:SEMG) by 32.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 20,779 shares of the pipeline company’s stock after purchasing an additional 5,090 shares during the period. Barclays PLC’s holdings in SemGroup were worth $444,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of SEMG. Aperio Group LLC increased its stake in shares of SemGroup by 33.9% in the 4th quarter. Aperio Group LLC now owns 15,297 shares of the pipeline company’s stock valued at $462,000 after purchasing an additional 3,869 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of SemGroup in the 4th quarter valued at $684,000. California Public Employees Retirement System increased its stake in shares of SemGroup by 3.1% in the 4th quarter. California Public Employees Retirement System now owns 101,200 shares of the pipeline company’s stock valued at $3,056,000 after purchasing an additional 3,000 shares during the last quarter. Swiss National Bank increased its stake in shares of SemGroup by 5.0% in the 4th quarter. Swiss National Bank now owns 116,541 shares of the pipeline company’s stock valued at $3,520,000 after purchasing an additional 5,600 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of SemGroup by 35.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,206,107 shares of the pipeline company’s stock valued at $36,424,000 after purchasing an additional 315,078 shares during the last quarter.
Get SemGroup alerts:Several equities analysts have recently issued reports on the company. ValuEngine upgraded SemGroup from a “strong sell” rating to a “sell” rating in a research note on Monday, May 14th. BMO Capital Markets assumed coverage on SemGroup in a research note on Tuesday, June 12th. They issued a “market perform” rating and a $25.00 price target on the stock. Wells Fargo & Co lowered SemGroup from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $30.95 to $20.20 in a research note on Sunday, June 10th. Capital One Financial reissued an “equal weight” rating on shares of SemGroup in a report on Thursday. Finally, Barclays cut their price objective on SemGroup from $28.00 to $25.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 17th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. SemGroup has a consensus rating of “Hold” and a consensus price target of $26.82.
SemGroup opened at $25.40 on Monday, according to Marketbeat. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.34 and a current ratio of 1.46. SemGroup Corp has a twelve month low of $20.20 and a twelve month high of $30.95. The firm has a market cap of $2.01 billion, a P/E ratio of -105.83, a PEG ratio of 124.51 and a beta of 1.87.
SemGroup (NYSE:SEMG) last released its quarterly earnings data on Tuesday, May 8th. The pipeline company reported ($0.48) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.55). The firm had revenue of $661.61 million for the quarter, compared to analyst estimates of $570.99 million. SemGroup had a negative net margin of 1.74% and a positive return on equity of 2.17%. The company’s revenue was up 45.1% compared to the same quarter last year. During the same period last year, the business earned ($0.16) EPS. analysts forecast that SemGroup Corp will post 0.04 earnings per share for the current fiscal 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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