Victory Capital Management Inc. raised its stake in shares of SemGroup Corp (NASDAQ:SEMG) by 17.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,595 shares of the company’s stock after buying an additional 1,138 shares during the period. Victory Capital Management Inc.’s holdings in SemGroup Corp were worth $247,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Nationwide Fund Advisors raised its stake in SemGroup Corp by 3.6% in the second quarter. Nationwide Fund Advisors now owns 29,118 shares of the company’s stock worth $948,000 after buying an additional 1,019 shares in the last quarter. Global X Management Co. LLC raised its stake in SemGroup Corp by 170.5% in the second quarter. Global X Management Co. LLC now owns 376,175 shares of the company’s stock worth $12,248,000 after buying an additional 237,092 shares in the last quarter. JPMorgan Chase & Co. raised its stake in SemGroup Corp by 50.5% in the second quarter. JPMorgan Chase & Co. now owns 611,478 shares of the company’s stock worth $19,910,000 after buying an additional 205,196 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in SemGroup Corp during the second quarter worth about $5,018,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in SemGroup Corp during the second quarter worth about $619,000.
SemGroup Corp (NASDAQ:SEMG) traded up 0.06% during mid-day trading on Tuesday, hitting $34.90. 134,645 shares of the stock were exchanged. The company has a 50-day moving average price of $32.54 and a 200-day moving average price of $29.92. SemGroup Corp has a one year low of $13.98 and a one year high of $55.54. The company’s market cap is $1.84 billion.
SemGroup Corp (NASDAQ:SEMG) last released its earnings results on Thursday, August 4th. The company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.02. The business had revenue of $287.40 million for the quarter, compared to analysts’ expectations of $353.91 million. The firm’s revenue was down 23.8% on a year-over-year basis. On average, analysts predict that SemGroup Corp will post ($0.01) earnings per share for the current fiscal year.
SEMG has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of SemGroup Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. SunTrust Banks Inc. initiated coverage on shares of SemGroup Corp in a research note on Tuesday, June 14th. They set a “buy” rating and a $42.00 price objective on the stock. Finally, Goldman Sachs Group Inc. initiated coverage on shares of SemGroup Corp in a research note on Thursday, August 25th. They set a “buy” rating and a $39.00 price objective on the stock.
About SemGroup Corp
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