Prudential Financial Inc. reduced its holdings in shares of SemGroup Corp (NASDAQ:SEMG) by 31.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,143 shares of the company’s stock after selling 6,610 shares during the quarter. Prudential Financial Inc.’s holdings in SemGroup Corp were worth $382,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Trexquant Investment LP acquired a new position in shares of SemGroup Corp during the second quarter valued at about $227,000. Karp Capital Management Corp acquired a new position in shares of SemGroup Corp during the first quarter valued at about $233,000. BNP Paribas Arbitrage SA grew its holdings in shares of SemGroup Corp by 537.3% during the second quarter. BNP Paribas Arbitrage SA now owns 9,114 shares of the company’s stock valued at $246,000 after buying an additional 7,684 shares during the last quarter. Comerica Bank grew its holdings in shares of SemGroup Corp by 0.6% during the first quarter. Comerica Bank now owns 7,412 shares of the company’s stock valued at $247,000 after buying an additional 41 shares during the last quarter. Finally, Signature Financial Management Inc. grew its holdings in shares of SemGroup Corp by 22.8% during the second quarter. Signature Financial Management Inc. now owns 10,375 shares of the company’s stock valued at $281,000 after buying an additional 1,925 shares during the last quarter.
SemGroup Corp (SEMG) opened at 29.05 on Thursday. SemGroup Corp has a one year low of $22.55 and a one year high of $43.20. The stock’s 50 day moving average is $27.17 and its 200-day moving average is $28.77. The firm has a market capitalization of $2.29 billion and a PE ratio of 287.62.
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SEMG has been the subject of a number of analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $33.00 price objective on shares of SemGroup Corp in a report on Tuesday, October 3rd. BidaskClub upgraded shares of SemGroup Corp from a “sell” rating to a “hold” rating in a report on Friday, September 8th.
SemGroup Corp Profile
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