Legal & General Group Plc increased its holdings in shares of SemGroup Corp (NYSE:SEMG) by 13.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 129,281 shares of the pipeline company’s stock after acquiring an additional 15,285 shares during the quarter. Legal & General Group Plc’s holdings in SemGroup were worth $1,781,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SEMG. Oppenheimer Asset Management Inc. acquired a new stake in SemGroup during the 4th quarter worth $50,000. PNC Financial Services Group Inc. raised its stake in shares of SemGroup by 207.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,371 shares of the pipeline company’s stock valued at $185,000 after purchasing an additional 9,018 shares during the period. Squarepoint Ops LLC raised its stake in shares of SemGroup by 28.4% in the 4th quarter. Squarepoint Ops LLC now owns 14,732 shares of the pipeline company’s stock valued at $203,000 after purchasing an additional 3,258 shares during the period. LVW Advisors LLC raised its stake in shares of SemGroup by 11.9% in the 4th quarter. LVW Advisors LLC now owns 16,900 shares of the pipeline company’s stock valued at $233,000 after purchasing an additional 1,800 shares during the period. Finally, Menta Capital LLC acquired a new stake in shares of SemGroup in the 4th quarter valued at about $236,000. 98.97% of the stock is currently owned by institutional investors and hedge funds.

NYSE:SEMG opened at $13.90 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.05 and a current ratio of 1.12. The stock has a market capitalization of $1.11 billion, a P/E ratio of -73.16 and a beta of 1.81. SemGroup Corp has a 52-week low of $12.86 and a 52-week high of $26.78.

SemGroup (NYSE:SEMG) last released its earnings results on Wednesday, February 27th. The pipeline company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.10). The company had revenue of $611.86 million during the quarter, compared to analyst estimates of $623.89 million. SemGroup had a negative net margin of 1.07% and a positive return on equity of 0.58%. SemGroup’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 EPS. On average, analysts anticipate that SemGroup Corp will post -0.06 earnings per share for the current year.

Several analysts have issued reports on SEMG shares. ValuEngine raised SemGroup from a “sell” rating to a “hold” rating in a research note on Thursday, January 10th. UBS Group downgraded SemGroup from a “buy” rating to a “neutral” rating and dropped their price target for the company from $19.00 to $14.50 in a research note on Thursday, March 7th. Barclays downgraded SemGroup from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $15.00 to $13.00 in a research note on Tuesday. SunTrust Banks downgraded SemGroup from a “buy” rating to a “hold” rating and set a $18.00 price target on the stock. in a research note on Monday, January 14th. Finally, Goldman Sachs Group raised SemGroup from a “sell” rating to a “neutral” rating in a research note on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $21.19.

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About SemGroup

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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