Catalyst Capital Advisors LLC Cuts Position in SemGroup Corp (SEMG)

Catalyst Capital Advisors LLC decreased its holdings in SemGroup Corp (NYSE:SEMG) by 6.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 247,537 shares of the pipeline company’s stock after selling 16,398 shares during the period. Catalyst Capital Advisors LLC owned approximately 0.31% of SemGroup worth $7,476,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SEMG. Harvest Fund Advisors LLC raised its holdings in SemGroup by 25.2% in the third quarter. Harvest Fund Advisors LLC now owns 7,429,829 shares of the pipeline company’s stock valued at $213,608,000 after buying an additional 1,496,078 shares during the period. Center Coast Capital Advisors LP purchased a new position in SemGroup in the fourth quarter valued at approximately $37,052,000. Citadel Advisors LLC raised its holdings in SemGroup by 3,708.7% in the third quarter. Citadel Advisors LLC now owns 1,242,255 shares of the pipeline company’s stock valued at $35,714,000 after buying an additional 1,209,639 shares during the period. Dimensional Fund Advisors LP raised its holdings in SemGroup by 16.8% in the third quarter. Dimensional Fund Advisors LP now owns 4,645,268 shares of the pipeline company’s stock valued at $133,552,000 after buying an additional 667,217 shares during the period. Finally, Tortoise Capital Advisors L.L.C. raised its holdings in SemGroup by 15.5% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 2,923,354 shares of the pipeline company’s stock valued at $84,046,000 after buying an additional 392,018 shares during the period.

A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of SemGroup from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Royal Bank of Canada reiterated a “buy” rating and set a $35.00 price objective on shares of SemGroup in a research note on Sunday, January 21st. Barclays reiterated a “hold” rating and set a $28.00 price objective on shares of SemGroup in a research note on Friday, January 19th. Goldman Sachs Group lowered shares of SemGroup from a “buy” rating to a “neutral” rating and set a $32.00 price objective on the stock. in a research note on Friday, January 5th. Finally, US Capital Advisors lowered shares of SemGroup from an “overweight” rating to a “hold” rating in a research note on Thursday, January 4th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $32.00.

Shares of SemGroup Corp (NYSE:SEMG) opened at $26.25 on Tuesday. The stock has a market cap of $2,070.00, a P/E ratio of -2,625.00, a PEG ratio of 11.98 and a beta of 1.84. SemGroup Corp has a 12 month low of $21.35 and a 12 month high of $41.00. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.01 and a current ratio of 1.24.

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About SemGroup

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.

Institutional Ownership by Quarter for SemGroup (NYSE:SEMG)

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