Legal & General Group Plc Acquires 9,604 Shares of SemGroup Corp (SEMG)

Legal & General Group Plc lifted its holdings in SemGroup Corp (NYSE:SEMG) by 15.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,783 shares of the pipeline company’s stock after buying an additional 9,604 shares during the period. Legal & General Group Plc owned about 0.11% of SemGroup worth $2,121,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SEMG. Century Capital Management LLC purchased a new stake in SemGroup in the 2nd quarter valued at about $651,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of SemGroup by 72.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,095,436 shares of the pipeline company’s stock worth $29,577,000 after purchasing an additional 460,800 shares during the period. First Trust Advisors LP purchased a new stake in shares of SemGroup in the 3rd quarter worth approximately $665,000. Schwab Charles Investment Management Inc. lifted its position in shares of SemGroup by 6.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 348,922 shares of the pipeline company’s stock worth $9,421,000 after purchasing an additional 21,574 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of SemGroup by 35.0% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 27,474 shares of the pipeline company’s stock worth $790,000 after purchasing an additional 7,119 shares during the period. Hedge funds and other institutional investors own 97.97% of the company’s stock.

Several research analysts recently commented on the stock. BidaskClub upgraded shares of SemGroup from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. Royal Bank of Canada restated a “buy” rating and set a $33.00 price target on shares of SemGroup in a research note on Tuesday, October 3rd. Barclays restated a “hold” rating and set a $32.00 price target on shares of SemGroup in a research note on Thursday, October 19th. SunTrust Banks set a $29.00 price target on shares of SemGroup and gave the company a “buy” rating in a research note on Friday, November 10th. Finally, Zacks Investment Research lowered shares of SemGroup from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. SemGroup currently has a consensus rating of “Hold” and a consensus price target of $31.14.

SemGroup Corp (NYSE:SEMG) opened at $29.25 on Friday. The stock has a market cap of $2,300.00, a price-to-earnings ratio of -2,925.00, a price-to-earnings-growth ratio of 12.57 and a beta of 2.00. The company has a current ratio of 1.24, a quick ratio of 1.01 and a debt-to-equity ratio of 1.78. SemGroup Corp has a twelve month low of $21.35 and a twelve month high of $42.40.

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SemGroup Company Profile

Institutional Ownership by Quarter for SemGroup (NYSE:SEMG)

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