BlackRock Inc. grew its holdings in SemGroup Energy Partners, L.P. (NYSE:SEMG) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,576,876 shares of the pipeline company’s stock after purchasing an additional 192,956 shares during the period. BlackRock Inc. owned about 5.82% of SemGroup Energy Partners worth $138,222,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SEMG. Bank of New York Mellon Corp increased its holdings in SemGroup Energy Partners by 35.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,206,107 shares of the pipeline company’s stock worth $36,424,000 after buying an additional 315,078 shares during the last quarter. Global X Management Co. LLC increased its holdings in SemGroup Energy Partners by 12.1% during the fourth quarter. Global X Management Co. LLC now owns 646,121 shares of the pipeline company’s stock worth $19,513,000 after buying an additional 69,993 shares during the last quarter. Capital Innovations LLC acquired a new position in SemGroup Energy Partners during the fourth quarter worth $219,000. Groesbeck Investment Management Corp NJ increased its holdings in SemGroup Energy Partners by 71.3% during the fourth quarter. Groesbeck Investment Management Corp NJ now owns 17,281 shares of the pipeline company’s stock worth $522,000 after buying an additional 7,192 shares during the last quarter. Finally, Swiss National Bank increased its holdings in SemGroup Energy Partners by 5.0% during the fourth quarter. Swiss National Bank now owns 116,541 shares of the pipeline company’s stock worth $3,520,000 after buying an additional 5,600 shares during the last quarter.

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In related news, Director William J. Mcadam acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were purchased at an average cost of $22.73 per share, for a total transaction of $227,300.00. Following the completion of the acquisition, the director now directly owns 4,077 shares in the company, valued at $92,670.21. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.77% of the stock is owned by insiders.

A number of equities analysts recently weighed in on SEMG shares. Royal Bank of Canada restated a “buy” rating and set a $35.00 target price on shares of SemGroup Energy Partners in a report on Sunday, January 21st. SunTrust Banks set a $26.00 target price on shares of SemGroup Energy Partners and gave the stock a “buy” rating in a report on Tuesday, February 27th. UBS restated a “buy” rating and set a $29.00 target price (down from $31.00) on shares of SemGroup Energy Partners in a report on Friday, March 2nd. Barclays lowered their target price on shares of SemGroup Energy Partners from $32.00 to $29.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 29th. Finally, Zacks Investment Research upgraded shares of SemGroup Energy Partners from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $28.63.

SemGroup Energy Partners, L.P. (SEMG) opened at $22.05 on Friday. SemGroup Energy Partners, L.P. has a fifty-two week low of $20.95 and a fifty-two week high of $36.65. The company has a market cap of $1,715.07, a price-to-earnings ratio of -95.87, a price-to-earnings-growth ratio of 8.97 and a beta of 1.98. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.18 and a quick ratio of 1.05.

SemGroup Energy Partners (NYSE:SEMG) last released its quarterly earnings data on Monday, February 26th. The pipeline company reported $0.03 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. SemGroup Energy Partners had a negative net margin of 0.82% and a positive return on equity of 5.14%. The firm had revenue of $606.80 million for the quarter, compared to the consensus estimate of $560.34 million. During the same period in the previous year, the company earned $0.18 earnings per share. The company’s quarterly revenue was up 50.9% on a year-over-year basis. equities research analysts predict that SemGroup Energy Partners, L.P. will post 0.48 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 19th. Shareholders of record on Friday, March 9th were issued a $0.4725 dividend. This is an increase from SemGroup Energy Partners’s previous quarterly dividend of $0.45. This represents a $1.89 annualized dividend and a dividend yield of 8.57%. The ex-dividend date of this dividend was Thursday, March 8th. SemGroup Energy Partners’s payout ratio is currently -821.74%.

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SemGroup Energy Partners 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.

Institutional Ownership by Quarter for SemGroup Energy Partners (NYSE:SEMG)

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