Keybank National Association OH lowered its position in shares of SemGroup Corp (NYSE:SEMG) by 10.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 22,455 shares of the pipeline company’s stock after selling 2,550 shares during the period. Keybank National Association OH’s holdings in SemGroup were worth $678,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in SemGroup by 1,087.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,750 shares of the pipeline company’s stock valued at $143,000 after purchasing an additional 4,350 shares during the period. Public Employees Retirement Association of Colorado acquired a new position in SemGroup during the fourth quarter valued at approximately $156,000. Capital Innovations LLC acquired a new position in SemGroup during the fourth quarter valued at approximately $219,000. Fox Run Management L.L.C. acquired a new position in SemGroup during the fourth quarter valued at approximately $228,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in SemGroup during the third quarter valued at approximately $221,000.
SEMG has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of SemGroup from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 22nd. Morgan Stanley decreased their price objective on shares of SemGroup from $32.00 to $29.00 and set an “equal weight” rating for the company in a report on Friday, November 17th. SunTrust Banks set a $29.00 price target on shares of SemGroup and gave the company a “buy” rating in a report on Friday, November 10th. Barclays reduced their price target on shares of SemGroup from $32.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday, November 29th. Finally, Royal Bank of Canada reduced their price target on shares of SemGroup from $33.00 to $28.00 and set an “outperform” rating for the company in a report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. SemGroup has a consensus rating of “Hold” and an average price target of $32.00.
SemGroup Corp (NYSE:SEMG) opened at $25.50 on Friday. The firm has a market cap of $1,888.49, a P/E ratio of -318.75, a PEG ratio of 11.32 and a beta of 1.84. SemGroup Corp has a 1-year low of $21.35 and a 1-year high of $38.55. The company has a quick ratio of 1.01, a current ratio of 1.24 and a debt-to-equity ratio of 1.78.
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SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services to producers, refiners of petroleum products and other market participants located in the Midwest and Rocky Mountain regions of the United States and Canada. The Company’s segments include Crude Transportation, which operates crude oil pipelines and truck transportation businesses in the United States; Crude Facilities, which operates crude oil storage and terminal businesses in the United States; Crude Supply and Logistics, which operates a crude oil marketing business; SemGas, which provides natural gas gathering and processing services; SemCAMS, which operates natural gas processing and gathering facilities in Alberta, Canada; SemLogistics, which owns petroleum products storage facility in the United Kingdom, and SemMexico, which provides liquid asphalt cement products and product application services to the Mexican market, and Corporate and Other.
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