Advisors Asset Management Inc. Has $22.82 Million Position in SemGroup Corp (NYSE:SEMG)

Advisors Asset Management Inc. lifted its stake in shares of SemGroup Corp (NYSE:SEMG) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 898,387 shares of the pipeline company’s stock after purchasing an additional 54,229 shares during the quarter. Advisors Asset Management Inc. owned about 1.14% of SemGroup worth $22,819,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SEMG. SG Americas Securities LLC purchased a new stake in shares of SemGroup in the second quarter valued at $165,000. Global Financial Private Capital LLC purchased a new stake in shares of SemGroup during the second quarter worth $228,000. Amalgamated Bank purchased a new stake in shares of SemGroup during the second quarter worth $274,000. Jane Street Group LLC purchased a new stake in shares of SemGroup during the first quarter worth $294,000. Finally, Cim Investment Mangement Inc. purchased a new stake in shares of SemGroup during the second quarter worth $322,000.

Shares of SEMG stock traded down $1.94 on Thursday, hitting $19.07. The stock had a trading volume of 1,040,324 shares, compared to its average volume of 846,381. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -79.46, a price-to-earnings-growth ratio of 46.26 and a beta of 1.89. SemGroup Corp has a twelve month low of $18.17 and a twelve month high of $30.95. The company has a quick ratio of 1.02, a current ratio of 1.13 and a debt-to-equity ratio of 1.60.

SemGroup (NYSE:SEMG) last posted its quarterly earnings data on Wednesday, November 7th. The pipeline company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). SemGroup had a negative net margin of 2.17% and a positive return on equity of 2.44%. The company had revenue of $634.00 million during the quarter, compared to the consensus estimate of $586.71 million. During the same period in the prior year, the firm posted ($0.25) earnings per share. The company’s revenue was up 16.1% compared to the same quarter last year. Research analysts expect that SemGroup Corp will post 0.09 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 26th. Shareholders of record on Friday, November 16th will be given a dividend of $0.4725 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.89 annualized dividend and a yield of 9.91%. SemGroup’s dividend payout ratio (DPR) is presently -787.50%.

Several equities analysts have commented on SEMG shares. Wells Fargo & Co reaffirmed a “hold” rating on shares of SemGroup in a research report on Wednesday, September 12th. Barclays reaffirmed a “hold” rating and issued a $25.00 price target on shares of SemGroup in a research report on Friday, October 12th. Goldman Sachs Group downgraded SemGroup from a “neutral” rating to a “sell” rating in a research report on Monday, October 8th. ValuEngine downgraded SemGroup from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Finally, Royal Bank of Canada decreased their target price on SemGroup from $30.00 to $29.00 and set an “outperform” rating on the stock in a research report on Friday, August 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $26.90.

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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. 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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