California Public Employees Retirement System lowered its position in SemGroup Corp (NASDAQ:SEMG) by 8.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,200 shares of the company’s stock after selling 9,200 shares during the period. California Public Employees Retirement System owned 0.14% of SemGroup Corp worth $3,391,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Karp Capital Management Corp bought a new stake in SemGroup Corp during the first quarter valued at $233,000. Comerica Bank boosted its position in shares of SemGroup Corp by 0.6% in the first quarter. Comerica Bank now owns 7,412 shares of the company’s stock valued at $247,000 after buying an additional 41 shares in the last quarter. Signature Financial Management Inc. acquired a new position in shares of SemGroup Corp during the first quarter valued at approximately $304,000. Great West Life Assurance Co. Can boosted its position in shares of SemGroup Corp by 22.4% in the first quarter. Great West Life Assurance Co. Can now owns 9,010 shares of the company’s stock valued at $323,000 after buying an additional 1,651 shares in the last quarter. Finally, Keybank National Association OH boosted its position in shares of SemGroup Corp by 10.2% in the first quarter. Keybank National Association OH now owns 10,020 shares of the company’s stock valued at $361,000 after buying an additional 925 shares in the last quarter.
SemGroup Corp (NASDAQ:SEMG) opened at 25.50 on Monday. The stock’s 50 day moving average is $25.99 and its 200-day moving average is $32.85. The firm has a market capitalization of $1.69 billion and a price-to-earnings ratio of 262.89. SemGroup Corp has a 52 week low of $22.55 and a 52 week high of $43.20.
Several equities analysts have commented on SEMG shares. Barclays PLC raised shares of SemGroup Corp from an “equal weight” rating to an “overweight” rating and set a $36.00 price target for the company in a research report on Tuesday, June 13th. Morgan Stanley reaffirmed an “equal weight” rating and set a $32.00 price objective (down from $39.00) on shares of SemGroup Corp in a research report on Wednesday, June 21st. Zacks Investment Research cut shares of SemGroup Corp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 2nd. Royal Bank Of Canada reduced their price target on shares of SemGroup Corp from $41.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, June 22nd. Finally, Wells Fargo & Company cut shares of SemGroup Corp from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. SemGroup Corp currently has a consensus rating of “Hold” and an average target price of $34.43.
In related news, Director Sarah Morrison Barpoulis sold 1,470 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $31.45, for a total transaction of $46,231.50. Following the transaction, the director now owns 13,130 shares in the company, valued at approximately $412,938.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William J. Mcadam purchased 15,000 shares of SemGroup Corp stock in a transaction that occurred on Wednesday, June 7th. The shares were bought at an average price of $28.00 per share, for a total transaction of $420,000.00. Following the transaction, the director now owns 4,077 shares in the company, valued at $114,156. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 22,324 shares of company stock worth $611,777.
About SemGroup Corp
Receive News & Ratings for SemGroup Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SemGroup Corp and related companies with MarketBeat.com's FREE daily email newsletter.
