Russell Investments Group Ltd. Sells 80,564 Shares of SemGroup Corp (SEMG)

Russell Investments Group Ltd. decreased its position in shares of SemGroup Corp (NYSE:SEMG) by 30.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 186,031 shares of the pipeline company’s stock after selling 80,564 shares during the period. Russell Investments Group Ltd. owned 0.24% of SemGroup worth $4,725,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SEMG. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in SemGroup in the second quarter worth $36,753,000. Summit Trail Advisors LLC boosted its stake in SemGroup by 2,365.6% during the first quarter. Summit Trail Advisors LLC now owns 1,480,566 shares of the pipeline company’s stock worth $1,481,000 after buying an additional 1,420,516 shares during the period. Brookfield Asset Management Inc. boosted its stake in SemGroup by 233.5% during the first quarter. Brookfield Asset Management Inc. now owns 1,968,404 shares of the pipeline company’s stock worth $42,124,000 after buying an additional 1,378,167 shares during the period. Dimensional Fund Advisors LP boosted its stake in SemGroup by 13.9% during the first quarter. Dimensional Fund Advisors LP now owns 5,763,969 shares of the pipeline company’s stock worth $123,349,000 after buying an additional 704,493 shares during the period. Finally, Atlantic Trust Group LLC boosted its stake in SemGroup by 17.3% during the first quarter. Atlantic Trust Group LLC now owns 3,667,254 shares of the pipeline company’s stock worth $78,479,000 after buying an additional 540,016 shares during the period.

SEMG has been the subject of a number of recent analyst reports. Goldman Sachs Group lowered shares of SemGroup from a “neutral” rating to a “sell” rating in a research note on Monday. ValuEngine raised shares of SemGroup from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Wells Fargo & Co decreased their price objective on SemGroup from $27.00 to $24.00 and set a “market perform” rating for the company in a report on Monday, September 24th. Royal Bank of Canada decreased their price objective on SemGroup from $30.00 to $29.00 and set an “outperform” rating for the company in a report on Friday, August 10th. Finally, Zacks Investment Research upgraded SemGroup from a “strong sell” rating to a “hold” rating in a report on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.22.

SEMG opened at $21.90 on Tuesday. SemGroup Corp has a 52-week low of $20.20 and a 52-week high of $30.95. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.02 and a current ratio of 1.13. The stock has a market cap of $1.74 billion, a PE ratio of -91.25, a P/E/G ratio of 63.00 and a beta of 1.88.

SemGroup (NYSE:SEMG) last issued its earnings results on Wednesday, August 8th. The pipeline company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.12). The firm had revenue of $595.80 million during the quarter, compared to analysts’ expectations of $602.06 million. SemGroup had a negative net margin of 2.17% and a positive return on equity of 2.44%. SemGroup’s quarterly revenue was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. On average, analysts anticipate that SemGroup Corp will post 0.07 earnings per share for the current fiscal year.

About SemGroup

SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. Its Crude Transportation segment operates crude oil pipelines and truck transportation businesses. It operates a 455-mile crude oil gathering and transportation pipeline system in Kansas and northern Oklahoma; a 75-mile crude oil gathering pipeline system that transports crude oil from production facilities in the DJ Basin to the pipeline owned by White Cliffs Pipeline, LLC; a 527-mile pipeline that transports crude oil from Platteville, Colorado to Cushing, Oklahoma; and 3 pipelines with an aggregate of 106 miles of pipe, as well as crude oil trucking fleet of 215 transport trucks and 210 trailers.

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Institutional Ownership by Quarter for SemGroup (NYSE:SEMG)

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