Viking Fund Management LLC raised its position in shares of SemGroup Corp (NYSE:SEMG) by 34.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 248,000 shares of the pipeline company’s stock after purchasing an additional 63,000 shares during the period. SemGroup makes up approximately 1.2% of Viking Fund Management LLC’s holdings, making the stock its 26th largest holding. Viking Fund Management LLC owned approximately 0.32% of SemGroup worth $7,490,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Amalgamated Bank raised its position in SemGroup by 0.8% during the second quarter. Amalgamated Bank now owns 8,378 shares of the pipeline company’s stock valued at $226,000 after purchasing an additional 65 shares in the last quarter. CNH Partners LLC raised its position in SemGroup by 0.6% during the second quarter. CNH Partners LLC now owns 16,033 shares of the pipeline company’s stock valued at $433,000 after purchasing an additional 100 shares in the last quarter. IHT Wealth Management LLC purchased a new stake in SemGroup during the second quarter valued at about $119,000. The Manufacturers Life Insurance Company raised its position in SemGroup by 1.1% during the second quarter. The Manufacturers Life Insurance Company now owns 51,501 shares of the pipeline company’s stock valued at $1,391,000 after purchasing an additional 557 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in SemGroup by 2.5% during the second quarter. UBS Asset Management Americas Inc. now owns 33,690 shares of the pipeline company’s stock valued at $910,000 after purchasing an additional 833 shares in the last quarter. Institutional investors and hedge funds own 98.29% of the company’s stock.
SEMG has been the topic of a number of research reports. Royal Bank of Canada restated a “buy” rating and set a $33.00 price target on shares of SemGroup in a research report on Tuesday, November 7th. Zacks Investment Research downgraded SemGroup from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 15th. BidaskClub downgraded SemGroup from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Goldman Sachs Group downgraded SemGroup from a “buy” rating to a “neutral” rating and set a $32.00 price target on the stock. in a research report on Friday, January 5th. Finally, Wells Fargo & Co upgraded SemGroup from a “market perform” rating to an “outperform” rating in a research report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. SemGroup currently has an average rating of “Hold” and an average target price of $31.00.
SemGroup (NYSE:SEMG) last released its quarterly earnings data on Thursday, November 9th. The pipeline company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.15. The firm had revenue of $545.90 million for the quarter, compared to the consensus estimate of $474.83 million. SemGroup had a positive return on equity of 5.96% and a negative net margin of 0.41%. The company’s quarterly revenue was up 66.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.14) earnings per share. analysts expect that SemGroup Corp will post -0.25 earnings per share for the current year.
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SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services to producers, refiners of petroleum products and other market participants located in the Midwest and Rocky Mountain regions of the United States and Canada. The Company’s segments include Crude Transportation, which operates crude oil pipelines and truck transportation businesses in the United States; Crude Facilities, which operates crude oil storage and terminal businesses in the United States; Crude Supply and Logistics, which operates a crude oil marketing business; SemGas, which provides natural gas gathering and processing services; SemCAMS, which operates natural gas processing and gathering facilities in Alberta, Canada; SemLogistics, which owns petroleum products storage facility in the United Kingdom, and SemMexico, which provides liquid asphalt cement products and product application services to the Mexican market, and Corporate and Other.
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