SemGroup Corp (SEMG) Stake Cut by FFT Wealth Management LLC

FFT Wealth Management LLC reduced its stake in SemGroup Corp (NASDAQ:SEMG) by 50.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,034 shares of the company’s stock after selling 13,034 shares during the period. FFT Wealth Management LLC’s holdings in SemGroup Corp were worth $469,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SEMG. KCG Holdings Inc. purchased a new position in SemGroup Corp during the third quarter valued at $681,000. Northern Trust Corp boosted its position in shares of SemGroup Corp by 21.9% in the third quarter. Northern Trust Corp now owns 1,000,533 shares of the company’s stock worth $35,379,000 after buying an additional 179,533 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of SemGroup Corp during the third quarter worth approximately $267,000. Emerald Acquisition Ltd. boosted its position in shares of SemGroup Corp by 72.7% in the third quarter. Emerald Acquisition Ltd. now owns 106,955 shares of the company’s stock worth $3,782,000 after buying an additional 45,012 shares during the period. Finally, California State Teachers Retirement System raised its stake in shares of SemGroup Corp by 20.8% in the third quarter. California State Teachers Retirement System now owns 112,213 shares of the company’s stock worth $3,968,000 after buying an additional 19,300 shares in the last quarter.

Institutional Ownership by Quarter for SemGroup Corp (NASDAQ:SEMG)

SemGroup Corp (SEMG) traded up 1.81% on Friday, hitting $25.35. The stock had a trading volume of 1,332,940 shares. SemGroup Corp has a 52-week low of $24.55 and a 52-week high of $43.20. The company has a market cap of $1.68 billion and a P/E ratio of 261.34. The firm’s 50-day moving average is $30.93 and its 200-day moving average is $36.06.

The business also recently announced a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Monday, May 15th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.10%.

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SEMG has been the subject of a number of research analyst reports. Barclays PLC raised SemGroup Corp from an “equal weight” rating to an “overweight” rating and set a $36.00 price target for the company in a research note on Tuesday. Royal Bank of Canada reaffirmed a “buy” rating and set a $42.00 target price on shares of SemGroup Corp in a research report on Friday, April 7th. Finally, Zacks Investment Research lowered SemGroup Corp from a “hold” rating to a “strong sell” rating in a research report on Friday, May 26th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $37.60.

In other SemGroup Corp news, Director William J. Mcadam acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 23rd. The shares were purchased at an average price of $33.84 per share, for a total transaction of $169,200.00. Following the completion of the purchase, the director now directly owns 669 shares in the company, valued at $22,638.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William J. Mcadam acquired 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were acquired at an average price of $28.00 per share, for a total transaction of $420,000.00. Following the purchase, the director now owns 4,077 shares of the company’s stock, valued at $114,156. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 27,324 shares of company stock worth $780,977.

About SemGroup Corp

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