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.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by Watch List News and is owned by of Watch List News. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.watchlistnews.com/sg-americas-securities-llc-purchases-7335-shares-of-semgroup-corporation-semg/1727616.html.

About Semgroup

Institutional Ownership by Quarter for Semgroup (NYSE:SEMG)

Receive News & Ratings for Semgroup Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semgroup Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.