SemGroup Corp (NYSE:SEMG) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its holdings in shares of SemGroup Corp (NYSE:SEMG) by 35.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,474 shares of the pipeline company’s stock after acquiring an additional 7,119 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in SemGroup were worth $790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Century Capital Management LLC bought a new position in SemGroup in the 2nd quarter worth about $651,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of SemGroup by 72.6% in the second 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 buying an additional 460,800 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of SemGroup by 16.2% in the second quarter. Legal & General Group Plc now owns 64,179 shares of the pipeline company’s stock worth $1,733,000 after buying an additional 8,937 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of SemGroup by 6.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 348,922 shares of the pipeline company’s stock worth $9,421,000 after buying an additional 21,574 shares during the last quarter. Finally, OxFORD Asset Management LLP raised its holdings in shares of SemGroup by 42.9% in the second quarter. OxFORD Asset Management LLP now owns 80,946 shares of the pipeline company’s stock worth $2,186,000 after buying an additional 24,286 shares during the last quarter. 98.00% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have issued reports on SEMG. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $33.00 price target on shares of SemGroup in a report on Tuesday, November 7th. BidaskClub raised shares of SemGroup from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Barclays reissued a “hold” rating and set a $32.00 target price on shares of SemGroup in a report on Thursday, October 19th. Zacks Investment Research cut shares of SemGroup from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 15th. Finally, SunTrust Banks set a $29.00 target price on shares of SemGroup and gave the stock a “buy” rating in a report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $31.00.

SemGroup Corp (SEMG) traded up $0.55 during mid-day trading on Monday, reaching $25.75. 1,665,900 shares of the company traded hands, compared to its average volume of 828,989. The firm has a market capitalization of $2,026.13, a price-to-earnings ratio of 20.44 and a beta of 2.04. 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 52 week low of $21.35 and a 52 week high of $43.20.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 20th were given a dividend of $0.45 per share. The ex-dividend date was Friday, November 17th. This represents a $1.80 annualized dividend and a yield of 6.99%. SemGroup’s dividend payout ratio is presently -2,250.00%.

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About SemGroup

Institutional Ownership by Quarter for SemGroup (NYSE:SEMG)

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