Chickasaw Capital Management LLC boosted its holdings in SemGroup Corp (NYSE:SEMG) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,181,644 shares of the pipeline company’s stock after acquiring an additional 253,558 shares during the quarter. SemGroup comprises about 5.2% of Chickasaw Capital Management LLC’s investment portfolio, making the stock its 6th biggest holding. Chickasaw Capital Management LLC owned 0.10% of SemGroup worth $247,086,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the business. IHT Wealth Management LLC acquired a new stake in SemGroup during the 2nd quarter worth about $119,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in SemGroup during the 3rd quarter worth about $221,000. Amalgamated Bank increased its holdings in shares of SemGroup by 0.8% in the 2nd quarter. Amalgamated Bank now owns 8,378 shares of the pipeline company’s stock valued at $226,000 after purchasing an additional 65 shares during the period. Comerica Bank acquired a new position in shares of SemGroup in the 3rd quarter valued at about $245,000. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of SemGroup by 537.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,114 shares of the pipeline company’s stock valued at $246,000 after purchasing an additional 7,684 shares during the period. Hedge funds and other institutional investors own 97.97% of the company’s stock.
A number of brokerages have recently weighed in on SEMG. Royal Bank of Canada reiterated a “buy” rating and issued a $33.00 target price on shares of SemGroup in a report on Tuesday, November 7th. BidaskClub upgraded SemGroup from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Barclays reiterated a “hold” rating and issued a $32.00 target price on shares of SemGroup in a report on Thursday, October 19th. Zacks Investment Research downgraded SemGroup from a “hold” rating to a “sell” rating in a report on Friday, December 15th. Finally, Goldman Sachs Group downgraded SemGroup from a “buy” rating to a “neutral” rating and set a $32.00 target price on the stock. in a report on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. SemGroup has an average rating of “Hold” and an average target price of $31.14.
Shares of SemGroup Corp (NYSE:SEMG) opened at $27.90 on Monday. The company has a market capitalization of $2,195.31, a P/E ratio of -348.75, a P/E/G ratio of 12.57 and a beta of 2.03. SemGroup Corp has a 12 month low of $21.35 and a 12 month high of $42.40. The company has a quick ratio of 1.01, a current ratio of 1.24 and a debt-to-equity ratio of 1.78.
WARNING: This article was first posted by Equities Focus and is owned by of Equities Focus. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.equitiesfocus.com/2018/01/08/semgroup-corp-semg-is-chickasaw-capital-management-llcs-6th-largest-position.html.
Want to see what other hedge funds are holding SEMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SemGroup Corp (NYSE:SEMG).
Receive News & Ratings for SemGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SemGroup and related companies with MarketBeat.com's FREE daily email newsletter.