SemGroup Corp (SEMG) Shares Sold by SL Advisors LLC

SL Advisors LLC cut its stake in SemGroup Corp (NYSE:SEMG) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 269,621 shares of the pipeline company’s stock after selling 15,640 shares during the period. SemGroup makes up 3.8% of SL Advisors LLC’s holdings, making the stock its 12th largest position. SL Advisors LLC’s holdings in SemGroup were worth $8,142,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IHT Wealth Management LLC acquired a new position in shares of SemGroup during the 2nd quarter worth about $119,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of SemGroup during the 3rd quarter worth about $221,000. Amalgamated Bank boosted its stake in shares of SemGroup by 0.8% during the 2nd quarter. Amalgamated Bank now owns 8,378 shares of the pipeline company’s stock worth $226,000 after buying an additional 65 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of SemGroup by 537.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,114 shares of the pipeline company’s stock worth $246,000 after buying an additional 7,684 shares during the last quarter. Finally, Comerica Bank acquired a new position in shares of SemGroup during the 3rd quarter worth about $245,000. 97.97% of the stock is owned by hedge funds and other institutional investors.

SEMG has been the subject of several recent analyst reports. SunTrust Banks set a $29.00 target price on shares of SemGroup and gave the company a “buy” rating in a research note on Thursday, November 16th. Royal Bank of Canada reiterated a “buy” rating and issued a $33.00 target price on shares of SemGroup in a research note on Tuesday, November 7th. BidaskClub upgraded shares of SemGroup from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Morgan Stanley cut their target price on shares of SemGroup from $32.00 to $29.00 and set an “equal weight” rating for the company in a research note on Friday, November 17th. Finally, Barclays cut their target price on shares of SemGroup from $32.00 to $29.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. SemGroup presently has a consensus rating of “Hold” and an average target price of $31.14.

Shares of SemGroup Corp (SEMG) traded down $0.65 during trading hours on Thursday, reaching $27.65. 1,292,800 shares of the company traded hands, compared to its average volume of 1,224,057. SemGroup Corp has a twelve month low of $21.35 and a twelve month high of $42.40. The firm has a market cap of $2,230.00, a P/E ratio of -2,765.00, a P/E/G ratio of 12.57 and a beta of 2.00. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.24 and a quick ratio of 1.01.

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SemGroup Profile

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Institutional Ownership by Quarter for SemGroup (NYSE:SEMG)

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