Keybank National Association OH raised its holdings in shares of SemGroup Corp (NYSE:SEMG) by 26.3% in the 4th quarter, Holdings Channel reports. The firm owned 26,963 shares of the pipeline company’s stock after buying an additional 5,620 shares during the period. Keybank National Association OH’s holdings in SemGroup were worth $372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also made changes to their positions in SEMG. Oppenheimer Asset Management Inc. acquired a new stake in shares of SemGroup during the fourth quarter worth $50,000. Public Employees Retirement Association of Colorado lifted its holdings in shares of SemGroup by 69.3% during the third quarter. Public Employees Retirement Association of Colorado now owns 8,768 shares of the pipeline company’s stock worth $193,000 after buying an additional 3,589 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of SemGroup during the third quarter worth $212,000. Gator Capital Management LLC acquired a new stake in shares of SemGroup during the third quarter worth $287,000. Finally, Trexquant Investment LP acquired a new stake in shares of SemGroup during the third quarter worth $439,000. 94.49% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on SEMG shares. ValuEngine downgraded SemGroup from a “hold” rating to a “sell” rating in a report on Saturday, November 10th. Wells Fargo & Co reissued a “hold” rating on shares of SemGroup in a report on Tuesday, November 13th. Zacks Investment Research reissued a “hold” rating and set a $22.00 target price on shares of SemGroup in a report on Thursday, November 15th. Morgan Stanley dropped their target price on SemGroup from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Friday, November 30th. Finally, Goldman Sachs Group raised SemGroup from a “sell” rating to a “neutral” rating in a report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $24.22.
SEMG stock opened at $15.59 on Tuesday. The stock has a market capitalization of $1.21 billion, a P/E ratio of -64.96, a P/E/G ratio of 5.34 and a beta of 1.86. SemGroup Corp has a 52 week low of $12.86 and a 52 week high of $28.00. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.17 and a quick ratio of 1.10.
ILLEGAL ACTIVITY WARNING: “Keybank National Association OH Increases Holdings in SemGroup Corp (SEMG)” was first published by Ticker Report and is owned by of Ticker Report. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/4146084/keybank-national-association-oh-increases-holdings-in-semgroup-corp-semg.html.
SemGroup Company Profile
SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. Its Crude Transportation segment operates crude oil pipelines and truck transportation businesses. It operates a 455-mile crude oil gathering and transportation pipeline system in Kansas and northern Oklahoma; a 75-mile crude oil gathering pipeline system that transports crude oil from production facilities in the DJ Basin to the pipeline owned by White Cliffs Pipeline, LLC; a 527-mile pipeline that transports crude oil from Platteville, Colorado to Cushing, Oklahoma; and 3 pipelines with an aggregate of 106 miles of pipe, as well as crude oil trucking fleet of 215 transport trucks and 210 trailers.
See Also: Trading Penny Stocks
Want to see what other hedge funds are holding SEMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SemGroup Corp (NYSE:SEMG).
Receive News & Ratings for SemGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SemGroup and related companies with MarketBeat.com's FREE daily email newsletter.