Shares of SemGroup Corp (NYSE:SEMG) have received an average recommendation of “Hold” from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $26.00.
A number of equities analysts recently issued reports on SEMG shares. ValuEngine raised shares of SemGroup from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Royal Bank of Canada dropped their price objective on shares of SemGroup from $30.00 to $29.00 and set an “outperform” rating on the stock in a report on Friday, August 10th. Wells Fargo & Co reissued a “hold” rating on shares of SemGroup in a report on Wednesday, September 12th. Goldman Sachs Group downgraded shares of SemGroup from a “neutral” rating to a “sell” rating in a report on Monday, October 8th. Finally, Zacks Investment Research raised shares of SemGroup from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, October 9th.
Shares of SEMG traded down $0.49 on Friday, reaching $15.78. The company’s stock had a trading volume of 1,614,151 shares, compared to its average volume of 863,657. The company has a current ratio of 1.17, a quick ratio of 1.10 and a debt-to-equity ratio of 1.68. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -65.75 and a beta of 1.87. SemGroup has a 12-month low of $15.13 and a 12-month high of $30.95.
The company also recently declared a quarterly dividend, which was paid on Monday, November 26th. Shareholders of record on Friday, November 16th were issued a dividend of $0.4725 per share. This represents a $1.89 annualized dividend and a yield of 11.98%. The ex-dividend date was Thursday, November 15th. SemGroup’s dividend payout ratio is currently -787.50%.
In other news, Director William J. Mcadam purchased 15,000 shares of the stock in a transaction on Monday, November 19th. The shares were acquired at an average price of $16.57 per share, with a total value of $248,550.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.77% of the stock is owned by insiders.
Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in 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 purchasing an additional 516,765 shares in 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, Global Financial Private Capital LLC bought a new stake in shares of SemGroup during the second quarter valued at approximately $228,000. 98.24% of the stock is currently owned by institutional investors and hedge funds.
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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