BidaskClub upgraded shares of SemGroup Corp (NASDAQ:SEMG) from a hold rating to a buy rating in a research note released on Monday morning.

Separately, Royal Bank Of Canada reissued a buy rating and issued a $33.00 price objective on shares of SemGroup Corp in a report on Tuesday, August 29th.

Shares of SemGroup Corp (SEMG) opened at 26.80 on Monday. The firm has a market capitalization of $2.11 billion and a PE ratio of 265.35. SemGroup Corp has a 12-month low of $22.55 and a 12-month high of $43.20. The stock has a 50 day moving average price of $25.30 and a 200 day moving average price of $29.38.

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The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Investors of record on Friday, August 18th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date was Wednesday, August 16th.

A number of hedge funds have recently modified their holdings of the stock. Yorkville Capital Management LLC grew its holdings in SemGroup Corp by 1,024.5% in the 2nd quarter. Yorkville Capital Management LLC now owns 80,887 shares of the company’s stock worth $2,184,000 after buying an additional 73,694 shares in the last quarter. Verition Fund Management LLC bought a new position in SemGroup Corp in the 2nd quarter worth approximately $453,000. IHT Wealth Management LLC bought a new position in SemGroup Corp in the 2nd quarter worth approximately $119,000. The Manufacturers Life Insurance Company grew its holdings in SemGroup Corp by 1.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,501 shares of the company’s stock worth $1,391,000 after buying an additional 557 shares in the last quarter. Finally, CNH Partners LLC grew its holdings in SemGroup Corp by 0.6% in the 2nd quarter. CNH Partners LLC now owns 16,033 shares of the company’s stock worth $433,000 after buying an additional 100 shares in the last quarter.

About SemGroup Corp

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