Virginia Retirement Systems ET AL cut its stake in SemGroup Corp (NYSE:SEMG) by 29.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,576 shares of the pipeline company’s stock after selling 3,617 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in SemGroup were worth $247,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Legal & General Group Plc increased its stake in SemGroup by 15.0% during the 3rd quarter. Legal & General Group Plc now owns 73,783 shares of the pipeline company’s stock worth $2,121,000 after purchasing an additional 9,604 shares in the last quarter. Harvest Fund Advisors LLC increased its stake in SemGroup by 25.2% during the 3rd quarter. Harvest Fund Advisors LLC now owns 7,429,829 shares of the pipeline company’s stock worth $213,608,000 after purchasing an additional 1,496,078 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in SemGroup by 35.0% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 27,474 shares of the pipeline company’s stock worth $790,000 after purchasing an additional 7,119 shares in the last quarter. American International Group Inc. increased its stake in SemGroup by 8.1% during the 3rd quarter. American International Group Inc. now owns 44,536 shares of the pipeline company’s stock worth $1,280,000 after purchasing an additional 3,329 shares in the last quarter. Finally, Yorktown Management & Research Co Inc bought a new stake in SemGroup during the 3rd quarter worth approximately $3,163,000. 98.00% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently weighed in 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 reaffirmed a “buy” rating and set a $33.00 price target on shares of SemGroup in a research note on Tuesday, October 3rd. Wells Fargo & Company raised shares of SemGroup from a “market perform” rating to an “outperform” rating in a research note on Thursday. Barclays reaffirmed a “hold” rating and set a $32.00 price target on shares of SemGroup in a research note on Thursday, October 19th. Finally, SunTrust Banks set a $29.00 price target on shares of SemGroup and gave the stock a “buy” rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $31.00.

Shares of SemGroup Corp (NYSE SEMG) traded up $0.20 on Thursday, hitting $27.35. 1,059,100 shares of the stock traded hands, compared to its average volume of 833,143. The company has a market cap of $2,136.29, a PE ratio of 21.55 and a beta of 2.04. SemGroup Corp has a one year low of $21.35 and a one year high of $43.20. The company has a quick ratio of 1.01, a current ratio of 1.24 and a debt-to-equity ratio of 1.78.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 20th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $1.80 annualized dividend and a dividend yield of 6.58%. SemGroup’s dividend payout ratio is currently -2,250.00%.

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SemGroup Company Profile

Institutional Ownership by Quarter for SemGroup (NYSE:SEMG)

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