SL Advisors LLC Has $633,000 Stock Holdings in SemGroup Corp (NYSE:SEMG)

SL Advisors LLC lessened its holdings in SemGroup Corp (NYSE:SEMG) by 10.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,767 shares of the pipeline company’s stock after selling 6,304 shares during the period. SL Advisors LLC owned approximately 0.07% of SemGroup worth $633,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. CWM Advisors LLC grew its stake in SemGroup by 35.4% during the second quarter. CWM Advisors LLC now owns 14,300 shares of the pipeline company’s stock worth $172,000 after buying an additional 3,740 shares during the last quarter. First Trust Advisors LP grew its stake in SemGroup by 147.0% during the first quarter. First Trust Advisors LP now owns 126,688 shares of the pipeline company’s stock worth $1,867,000 after buying an additional 75,402 shares during the last quarter. Weiss Asset Management LP bought a new stake in SemGroup during the first quarter worth about $156,000. Clearbridge Investments LLC grew its stake in SemGroup by 4.7% during the first quarter. Clearbridge Investments LLC now owns 2,666,972 shares of the pipeline company’s stock worth $39,311,000 after buying an additional 120,076 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in SemGroup during the first quarter worth about $32,000. 86.77% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently commented on SEMG shares. Barclays reissued a “sell” rating and set a $12.00 price target on shares of SemGroup in a research note on Thursday, July 18th. ValuEngine raised shares of SemGroup from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Citigroup raised shares of SemGroup from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Tuesday, July 23rd. TheStreet cut shares of SemGroup from a “c-” rating to a “d+” rating in a research note on Monday, April 29th. Finally, Zacks Investment Research raised shares of SemGroup from a “strong sell” rating to a “hold” rating and set a $11.00 price target on the stock in a research note on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. SemGroup has an average rating of “Hold” and a consensus target price of $18.61.

SEMG stock traded down $0.79 during midday trading on Monday, reaching $10.99. The company’s stock had a trading volume of 25,247 shares, compared to its average volume of 815,444. SemGroup Corp has a 52 week low of $11.06 and a 52 week high of $26.78. The stock has a market capitalization of $937.05 million, a PE ratio of -57.66 and a beta of 1.45. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.30 and a current ratio of 1.39. The stock’s 50-day moving average price is $11.99.

SemGroup (NYSE:SEMG) last announced its quarterly earnings data on Tuesday, May 7th. The pipeline company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.17). SemGroup had a negative net margin of 0.02% and a positive return on equity of 2.28%. The business had revenue of $567.23 million during the quarter, compared to the consensus estimate of $553.33 million. Analysts predict that SemGroup Corp will post -0.9 earnings per share for the current year.

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.

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Institutional Ownership by Quarter for SemGroup (NYSE:SEMG)

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