Point72 Asset Management L.P. bought a new stake in SemGroup Corp (NYSE:SEMG) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,266,433 shares of the pipeline company’s stock, valued at approximately $15,197,000.

Several other hedge funds also recently bought and sold shares of SEMG. Marshall Wace North America L.P. acquired a new stake in shares of SemGroup in the first quarter valued at about $32,000. Quantamental Technologies LLC grew its stake in SemGroup by 31.9% during the 2nd quarter. Quantamental Technologies LLC now owns 6,196 shares of the pipeline company’s stock valued at $74,000 after purchasing an additional 1,499 shares in the last quarter. Icon Wealth Partners LLC acquired a new stake in SemGroup during the 1st quarter valued at approximately $78,000. LPL Financial LLC acquired a new stake in SemGroup during the 2nd quarter valued at approximately $137,000. Finally, GSA Capital Partners LLP acquired a new stake in SemGroup during the 2nd quarter valued at approximately $145,000. Institutional investors and hedge funds own 87.95% of the company’s stock.

In other SemGroup news, major shareholder Investor I. L.P. Buffalo sold 5,642,408 shares of SemGroup stock in a transaction on Monday, September 16th. The stock was sold at an average price of $16.61, for a total transaction of $93,720,396.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.00% of the stock is owned by insiders.

Shares of NYSE SEMG traded down $0.06 during mid-day trading on Monday, hitting $16.75. The company had a trading volume of 224,268 shares, compared to its average volume of 4,086,525. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -88.16 and a beta of 1.47. SemGroup Corp has a 12 month low of $8.10 and a 12 month high of $22.96. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.45 and a quick ratio of 1.36. The firm’s 50 day simple moving average is $10.33 and its two-hundred day simple moving average is $12.55.

SemGroup (NYSE:SEMG) last announced its earnings results on Thursday, August 8th. The pipeline company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.25). The business had revenue of $674.94 million for the quarter, compared to the consensus estimate of $579.04 million. SemGroup had a negative net margin of 0.94% and a positive return on equity of 1.13%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.11) EPS. Equities analysts forecast that SemGroup Corp will post -1.26 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.472 per share. The ex-dividend date was Wednesday, August 14th. This represents a $1.89 annualized dividend and a yield of 11.27%. This is an increase from SemGroup’s previous quarterly dividend of $0.42. SemGroup’s payout ratio is presently -994.74%.

Several research analysts have recently commented on the company. Barclays reiterated a “sell” rating and issued a $12.00 target price on shares of SemGroup in a research report on Thursday, July 18th. ValuEngine upgraded SemGroup from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 1st. Zacks Investment Research upgraded SemGroup from a “strong sell” rating to a “hold” rating and set a $11.00 target price for the company in a research report on Wednesday, May 29th. Wells Fargo & Co lifted their target price on SemGroup from $10.00 to $17.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 17th. Finally, SunTrust Banks lifted their target price on SemGroup from $11.00 to $17.00 and gave the stock a “hold” rating in a research report on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a strong buy rating to the company. SemGroup has a consensus rating of “Hold” and a consensus target price of $16.50.

SemGroup 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.

Featured Article: Trading Strategy Methods for Individual Investors

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).

Institutional Ownership by Quarter for SemGroup (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.