Metropolitan Life Insurance Co. NY reduced its position in SemGroup Corp (NASDAQ:SEMG) by 0.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 177,820 shares of the company’s stock after selling 425 shares during the period. Metropolitan Life Insurance Co. NY owned 0.27% of SemGroup Corp worth $6,402,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Chickasaw Capital Management LLC boosted its position in shares of SemGroup Corp by 6.8% in the first quarter. Chickasaw Capital Management LLC now owns 6,373,401 shares of the company’s stock worth $229,442,000 after buying an additional 404,078 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of SemGroup Corp by 5.6% in the first quarter. Vanguard Group Inc. now owns 5,520,635 shares of the company’s stock worth $198,743,000 after buying an additional 294,061 shares during the last quarter. Iridian Asset Management LLC CT boosted its position in shares of SemGroup Corp by 2.2% in the first quarter. Iridian Asset Management LLC CT now owns 5,467,272 shares of the company’s stock worth $196,822,000 after buying an additional 118,925 shares during the last quarter. BlackRock Inc. boosted its position in shares of SemGroup Corp by 6,736.2% in the first quarter. BlackRock Inc. now owns 4,099,720 shares of the company’s stock worth $147,591,000 after buying an additional 4,039,749 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of SemGroup Corp by 17.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,333,659 shares of the company’s stock worth $120,010,000 after buying an additional 485,040 shares during the last quarter.
SemGroup Corp (SEMG) traded up 3.60% during mid-day trading on Friday, reaching $24.45. The company had a trading volume of 676,654 shares. SemGroup Corp has a 12-month low of $23.30 and a 12-month high of $43.20. The stock has a 50 day moving average price of $30.42 and a 200-day moving average price of $35.90. The stock has a market capitalization of $1.62 billion and a P/E ratio of 252.06.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Monday, May 15th were paid a $0.45 dividend. The ex-dividend date was Thursday, May 11th. This represents a $1.80 dividend on an annualized basis and a yield of 7.63%.
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SEMG has been the topic of a number of recent analyst reports. Royal Bank Of Canada decreased their price target on SemGroup Corp from $41.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday. Barclays PLC set a $36.00 price target on SemGroup Corp and gave the stock a “hold” rating in a research report on Saturday, May 6th. Zacks Investment Research cut SemGroup Corp from a “hold” rating to a “strong sell” rating in a research report on Friday, May 26th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $32.00 price target (down previously from $39.00) on shares of SemGroup Corp in a research report on Wednesday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $35.33.
In other SemGroup Corp news, insider Carlin G. Conner bought 3,824 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were acquired at an average cost of $26.18 per share, for a total transaction of $100,112.32. Following the purchase, the insider now directly owns 163,903 shares of the company’s stock, valued at $4,290,980.54. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William J. Mcadam bought 15,000 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was acquired at an average price of $28.00 per share, for a total transaction of $420,000.00. Following the completion of the purchase, the director now directly owns 4,077 shares in the company, valued at $114,156. The disclosure for this purchase can be found here. Insiders acquired a total of 22,324 shares of company stock worth $611,777 over the last 90 days.
About SemGroup Corp
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