NBW Capital LLC Decreases Stock Holdings in SemGroup Corp (NYSE:SEMG)

NBW Capital LLC trimmed its stake in shares of SemGroup Corp (NYSE:SEMG) by 13.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 436,966 shares of the pipeline company’s stock after selling 69,051 shares during the period. SemGroup makes up 2.1% of NBW Capital LLC’s investment portfolio, making the stock its 13th largest holding. NBW Capital LLC owned 0.55% of SemGroup worth $7,140,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SEMG. Lenox Wealth Advisors LLC purchased a new position in shares of SemGroup during the third quarter valued at approximately $30,000. Marshall Wace North America L.P. purchased a new stake in SemGroup during the first quarter valued at approximately $32,000. Quantamental Technologies LLC increased its holdings in SemGroup by 31.9% during the second quarter. Quantamental Technologies LLC now owns 6,196 shares of the pipeline company’s stock valued at $74,000 after buying an additional 1,499 shares during the last quarter. LPL Financial LLC purchased a new stake in SemGroup during the second quarter valued at approximately $137,000. Finally, GSA Capital Partners LLP purchased a new stake in SemGroup during the second quarter valued at approximately $145,000. 79.75% of the stock is owned by hedge funds and other institutional investors.

Shares of SEMG traded down $0.11 during mid-day trading on Thursday, reaching $16.03. The stock had a trading volume of 135,007 shares, compared to its average volume of 1,756,513. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -84.26 and a beta of 1.60. SemGroup Corp has a 12 month low of $8.10 and a 12 month high of $21.94. The business has a fifty day moving average of $16.26 and a 200 day moving average of $12.88. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.36 and a current ratio of 1.45.

SemGroup (NYSE:SEMG) last posted its quarterly earnings results on Thursday, August 8th. The pipeline company reported ($0.45) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.25). The firm had revenue of $674.94 million during the quarter, compared to the consensus estimate of $579.04 million. SemGroup had a positive return on equity of 1.13% and a negative net margin of 0.94%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.11) earnings per share. On average, research analysts forecast that SemGroup Corp will post -0.83 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be given a $0.4725 dividend. This is a positive change from SemGroup’s previous quarterly dividend of $0.42. This represents a $1.89 dividend on an annualized basis and a dividend yield of 11.79%. The ex-dividend date of this dividend is Wednesday, November 13th. SemGroup’s dividend payout ratio is presently -994.74%.

In other SemGroup news, major shareholder Investor I. L.P. Buffalo sold 5,642,408 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $16.61, for a total value of $93,720,396.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

SEMG has been the subject of a number of research reports. UBS Group upped their target price on shares of SemGroup from $10.25 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Barclays set a $16.00 target price on shares of SemGroup and gave the company a “sell” rating in a report on Tuesday, October 15th. Wells Fargo & Co upped their target price on shares of SemGroup from $10.00 to $17.00 and gave the company a “market perform” rating in a report on Tuesday, September 17th. Citigroup cut shares of SemGroup from a “buy” rating to a “neutral” rating and upped their target price for the company from $15.00 to $17.00 in a report on Monday, September 16th. Finally, ValuEngine cut shares of SemGroup from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $17.11.

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. 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 operates 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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