SG Americas Securities LLC Purchases 7,335 Shares of Semgroup Corporation (SEMG)
SG Americas Securities LLC boosted its position in Semgroup Corporation (NYSE:SEMG) by 13.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,713 shares of the pipeline company’s stock after acquiring an additional 7,335 shares during the period. SG Americas Securities LLC owned 0.09% of Semgroup worth $1,803,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. IHT Wealth Management LLC bought a new position in Semgroup during the second quarter worth about $119,000. Amalgamated Bank boosted its holdings in Semgroup by 0.8% during the second quarter. Amalgamated Bank now owns 8,378 shares of the pipeline company’s stock worth $226,000 after buying an additional 65 shares during the last quarter. Trexquant Investment LP bought a new position in Semgroup during the second quarter worth about $227,000. Comerica Bank bought a new position in Semgroup during the third quarter worth about $245,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in Semgroup by 537.3% during the second quarter. BNP Paribas Arbitrage SA now owns 9,114 shares of the pipeline company’s stock worth $246,000 after buying an additional 7,684 shares during the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.
Semgroup Corporation (NYSE:SEMG) traded down $0.15 during trading hours on Friday, hitting $23.05. The stock had a trading volume of 730,612 shares, compared to its average volume of 1,005,248. Semgroup Corporation has a fifty-two week low of $21.35 and a fifty-two week high of $43.20. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.24 and a quick ratio of 1.01. The company has a market cap of $1,813.69, a PE ratio of 18.29 and a beta of 2.08.
The firm 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. This represents a $1.80 annualized dividend and a dividend yield of 7.81%. The ex-dividend date is Friday, November 17th. Semgroup’s dividend payout ratio (DPR) is presently -2,250.00%.
SEMG has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $33.00 target price on shares of Semgroup in a report on Tuesday, November 7th. BidaskClub upgraded Semgroup from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. SunTrust Banks, Inc. set a $29.00 target price on Semgroup and gave the stock a “buy” rating in a report on Friday, November 10th. Morgan Stanley reduced their target price on Semgroup from $32.00 to $29.00 and set an “equal weight” rating on the stock in a report on Friday, November 17th. Finally, Barclays PLC restated a “hold” rating and set a $32.00 target price on shares of Semgroup in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Semgroup has an average rating of “Hold” and an average price target of $31.50.
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