Citadel Advisors LLC Has $35.71 Million Holdings in Semgroup Corporation (SEMG)
Citadel Advisors LLC grew its stake in shares of Semgroup Corporation (NYSE:SEMG) by 3,708.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,242,255 shares of the pipeline company’s stock after purchasing an additional 1,209,639 shares during the period. Citadel Advisors LLC owned approximately 1.87% of Semgroup worth $35,714,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in SEMG. IHT Wealth Management LLC bought a new stake in shares of Semgroup during the 2nd quarter valued at about $119,000. 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 valued at $226,000 after purchasing an additional 65 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Semgroup during the 2nd quarter valued at about $227,000. Comerica Bank bought a new stake in shares of Semgroup during the 3rd quarter valued at about $245,000. Finally, 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 valued at $246,000 after purchasing an additional 7,684 shares in the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.
Semgroup Corporation (SEMG) traded down $0.15 on Monday, hitting $23.05. 730,600 shares of the stock traded hands, compared to its average volume of 817,198. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.24 and a quick ratio of 1.01. Semgroup Corporation has a 1 year low of $21.35 and a 1 year high of $43.20. The stock has a market capitalization of $1,813.69, a PE ratio of 18.29 and a beta of 2.08.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 20th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, November 17th. This represents a $1.80 annualized dividend and a dividend yield of 7.81%. Semgroup’s payout ratio is -2,250.00%.
Several research firms recently commented on SEMG. BidaskClub raised shares of Semgroup from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Royal Bank Of Canada reissued a “buy” rating and set a $33.00 price objective on shares of Semgroup in a research note on Tuesday, October 3rd. Barclays PLC reissued a “hold” rating and set a $32.00 price objective on shares of Semgroup in a research note on Thursday, October 19th. Finally, SunTrust Banks, Inc. set a $29.00 target price on shares of Semgroup and gave the stock a “buy” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Semgroup presently has a consensus rating of “Hold” and an average target price of $31.50.
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