Dimensional Fund Advisors LP Buys 644,392 Shares of SemGroup Corp (SEMG)
Dimensional Fund Advisors LP raised its stake in shares of SemGroup Corp (NASDAQ:SEMG) by 19.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,978,051 shares of the company’s stock after purchasing an additional 644,392 shares during the quarter. Dimensional Fund Advisors LP owned 6.00% of SemGroup Corp worth $107,407,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amalgamated Bank grew its stake in shares of SemGroup Corp by 0.8% in the 2nd quarter. Amalgamated Bank now owns 8,378 shares of the company’s stock valued at $226,000 after purchasing an additional 65 shares during the period. Trexquant Investment LP acquired a new position in shares of SemGroup Corp in the 2nd quarter worth approximately $227,000. Karp Capital Management Corp acquired a new position in shares of SemGroup Corp in the 1st quarter worth approximately $233,000. BNP Paribas Arbitrage SA raised its holdings in shares of SemGroup Corp by 537.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,114 shares of the company’s stock worth $246,000 after buying an additional 7,684 shares in the last quarter. Finally, Comerica Bank raised its holdings in shares of SemGroup Corp by 0.6% in the 1st quarter. Comerica Bank now owns 7,412 shares of the company’s stock worth $247,000 after buying an additional 41 shares in the last quarter.
SemGroup Corp (NASDAQ SEMG) opened at 28.75 on Tuesday. The firm’s 50 day moving average price is $26.09 and its 200-day moving average price is $28.98. SemGroup Corp has a one year low of $22.55 and a one year high of $43.20. The company has a market capitalization of $2.26 billion and a PE ratio of 284.65.
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Several equities analysts recently commented on the company. Royal Bank Of Canada restated a “buy” rating and set a $33.00 target price on shares of SemGroup Corp in a research report on Tuesday, August 29th. BidaskClub upgraded SemGroup Corp from a “sell” rating to a “hold” rating in a research report on Friday, September 8th.
SemGroup Corp Profile
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