JPMorgan Chase & Co. decreased its position in SemGroup Corp (NYSE:SEMG) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 203,707 shares of the pipeline company’s stock after selling 6,513 shares during the period. JPMorgan Chase & Co. owned about 0.31% of SemGroup worth $5,897,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of SEMG. IHT Wealth Management LLC purchased a new stake in shares of SemGroup during the second quarter worth $119,000. Amalgamated Bank raised its position in shares of SemGroup by 0.8% in the second quarter. Amalgamated Bank now owns 8,378 shares of the pipeline company’s stock worth $226,000 after buying an additional 65 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of SemGroup by 537.3% in the second quarter. BNP Paribas Arbitrage SA now owns 9,114 shares of the pipeline company’s stock worth $246,000 after buying an additional 7,684 shares in the last quarter. Comerica Bank purchased a new stake in shares of SemGroup in the third quarter worth $245,000. Finally, Capital Fund Management S.A. purchased a new stake in shares of SemGroup in the second quarter worth $265,000. Institutional investors and hedge funds own 97.97% of the company’s stock.
SemGroup Corp (NYSE SEMG) opened at $29.25 on Friday. SemGroup Corp has a 12 month low of $21.35 and a 12 month high of $42.40. The stock has a market capitalization of $2,258.25, a PE ratio of -365.63, a PEG ratio of 12.93 and a beta of 2.03. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.01 and a current ratio of 1.24.
A number of equities research analysts recently issued reports on SEMG shares. Royal Bank of Canada reiterated a “buy” rating and issued a $33.00 price objective on shares of SemGroup in a research report on Tuesday, November 7th. Zacks Investment Research cut SemGroup from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 15th. BidaskClub cut SemGroup from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Goldman Sachs Group cut SemGroup from a “buy” rating to a “neutral” rating and set a $32.00 target price on the stock. in a research note on Friday, January 5th. Finally, Wells Fargo & Co raised SemGroup from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $31.14.
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