Shapiro Capital Management LLC lifted its holdings in SemGroup Corp (NYSE:SEMG) by 0.1% in the fourth quarter, Holdings Channel reports. The fund owned 2,293,858 shares of the pipeline company’s stock after buying an additional 2,300 shares during the period. Shapiro Capital Management LLC’s holdings in SemGroup were worth $31,609,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SEMG. Bank of New York Mellon Corp lifted its holdings in shares of SemGroup by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,238,694 shares of the pipeline company’s stock worth $31,463,000 after acquiring an additional 20,052 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of SemGroup in the 3rd quarter worth approximately $212,000. JPMorgan Chase & Co. lifted its holdings in shares of SemGroup by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 224,040 shares of the pipeline company’s stock worth $4,940,000 after acquiring an additional 3,103 shares during the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in shares of SemGroup by 24.3% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 2,843,619 shares of the pipeline company’s stock worth $62,689,000 after acquiring an additional 555,991 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of SemGroup by 0.7% in the 3rd quarter. Jennison Associates LLC now owns 1,725,963 shares of the pipeline company’s stock worth $38,057,000 after acquiring an additional 11,829 shares during the last quarter. Hedge funds and other institutional investors own 98.24% of the company’s stock.

NYSE:SEMG opened at $14.49 on Friday. SemGroup Corp has a 52 week low of $12.86 and a 52 week high of $26.78. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.12 and a quick ratio of 1.05. The firm has a market cap of $1.15 billion, a P/E ratio of -76.26, a PEG ratio of 10.67 and a beta of 1.82.

SemGroup (NYSE:SEMG) last posted its quarterly earnings results on Wednesday, February 27th. The pipeline company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.10). SemGroup had a negative net margin of 1.07% and a positive return on equity of 0.58%. The firm had revenue of $611.86 million for the quarter, compared to the consensus estimate of $623.89 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The company’s quarterly revenue was up .8% compared to the same quarter last year. Equities research analysts expect that SemGroup Corp will post 0.28 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, March 4th were issued a dividend of $0.4725 per share. The ex-dividend date was Friday, March 1st. This represents a $1.89 dividend on an annualized basis and a yield of 13.04%. SemGroup’s dividend payout ratio is currently -994.74%.

A number of brokerages have recently weighed in on SEMG. UBS Group lowered shares of SemGroup from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $19.00 to $14.50 in a report on Thursday, March 7th. ValuEngine upgraded shares of SemGroup from a “sell” rating to a “hold” rating in a report on Thursday, March 7th. BMO Capital Markets restated a “market perform” rating and issued a $25.00 price objective on shares of SemGroup in a report on Monday, March 4th. Wells Fargo & Co restated a “hold” rating on shares of SemGroup in a report on Monday, January 21st. Finally, Barclays set a $19.00 price objective on shares of SemGroup and gave the stock a “hold” rating in a report on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $21.94.

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SemGroup Profile

SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. The company operates in three segments: U.S. Liquids, U.S. Gas, and Canada. The U.S. Liquids segment operates crude oil pipelines, truck transportation, storage, terminals, and marketing businesses; stores, blends, and transports refinery products and refinery feedstock through pipeline, barge, rail, truck, and ship; and operate a residual fuel oil storage terminal in the U.S.

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Institutional Ownership by Quarter for SemGroup (NYSE:SEMG)

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