SemGroup Corp (NASDAQ:SEMG) Director William J. Mcadam purchased 5,000 shares of SemGroup Corp stock in a transaction that occurred on Thursday, March 23rd. The shares were bought at an average price of $33.84 per share, for a total transaction of $169,200.00. Following the transaction, the director now owns 669 shares in the company, valued at $22,638.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
SemGroup Corp (NASDAQ:SEMG) opened at 33.10 on Friday. SemGroup Corp has a 52-week low of $20.06 and a 52-week high of $43.20. The firm has a market capitalization of $2.18 billion and a P/E ratio of 827.50. The firm’s 50-day moving average is $36.80 and its 200-day moving average is $36.51.
SemGroup Corp (NASDAQ:SEMG) last posted its earnings results on Thursday, February 23rd. The company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The firm had revenue of $402.20 million for the quarter, compared to analyst estimates of $332.33 million. During the same period in the prior year, the business posted $0.02 EPS. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities analysts expect that SemGroup Corp will post $0.99 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 17th. Stockholders of record on Tuesday, March 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date of this dividend was Friday, March 3rd.
Several large investors have recently bought and sold shares of SEMG. Norges Bank purchased a new stake in SemGroup Corp during the fourth quarter worth $16,669,000. WFG Advisors LP boosted its position in shares of SemGroup Corp by 2,677.4% in the fourth quarter. WFG Advisors LP now owns 10,443 shares of the company’s stock worth $197,000 after buying an additional 10,067 shares during the last quarter. FFT Wealth Management LLC boosted its position in shares of SemGroup Corp by 100.0% in the fourth quarter. FFT Wealth Management LLC now owns 26,068 shares of the company’s stock worth $1,088,000 after buying an additional 13,034 shares during the last quarter. CNH Partners LLC bought a new position in shares of SemGroup Corp during the fourth quarter worth approximately $665,000. Finally, Guggenheim Capital LLC boosted its position in shares of SemGroup Corp by 25.8% in the fourth quarter. Guggenheim Capital LLC now owns 77,843 shares of the company’s stock worth $3,250,000 after buying an additional 15,965 shares during the last quarter.
Several research analysts recently issued reports on SEMG shares. Zacks Investment Research upgraded shares of SemGroup Corp from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Thursday, January 19th. Barclays PLC started coverage on shares of SemGroup Corp in a research report on Tuesday, February 21st. They set an “equal weight” rating and a $43.00 price target on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $40.00.
About SemGroup Corp
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