Mitsubishi UFJ Trust & Banking Corp Reduced Holding in SemGroup Corp (SEMG)

Mitsubishi UFJ Trust & Banking Corp Reduced Holding in SemGroup Corp (SEMG)

Mitsubishi UFJ Trust & Banking Corp reduced its position in SemGroup Corp (NASDAQ:SEMG) by 4.1% during the first quarter, Holdings Channel reports. The institutional investor owned 6,467 shares of the company’s stock after selling 277 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in SemGroup Corp were worth $233,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SEMG. Quantitative Investment Management LLC bought a new stake in shares of SemGroup Corp during the first quarter worth $896,000. Virginia Retirement Systems ET AL boosted its stake in shares of SemGroup Corp by 106.8% in the first quarter. Virginia Retirement Systems ET AL now owns 14,893 shares of the company’s stock worth $536,000 after buying an additional 7,693 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of SemGroup Corp by 0.4% in the first quarter. Ameriprise Financial Inc. now owns 15,591 shares of the company’s stock worth $561,000 after buying an additional 65 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of SemGroup Corp by 12.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 634,636 shares of the company’s stock worth $22,847,000 after buying an additional 71,834 shares in the last quarter. Finally, Pax World Management LLC boosted its stake in shares of SemGroup Corp by 79.0% in the first quarter. Pax World Management LLC now owns 698,948 shares of the company’s stock worth $25,162,000 after buying an additional 308,519 shares in the last quarter.

SemGroup Corp (SEMG) traded down 0.16% during trading on Friday, hitting $31.35. The company had a trading volume of 435,478 shares. The stock has a 50-day moving average of $32.79 and a 200-day moving average of $36.60. SemGroup Corp has a one year low of $27.64 and a one year high of $43.20. The stock has a market capitalization of $2.08 billion and a PE ratio of 323.20.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Monday, May 15th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date of this dividend was Thursday, May 11th.

A number of analysts have weighed in on the company. Zacks Investment Research cut SemGroup Corp from a “hold” rating to a “strong sell” rating in a research report on Friday, May 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $41.00 price target (down previously from $42.00) on shares of SemGroup Corp in a research report on Tuesday, May 9th. Finally, Barclays PLC set a $36.00 price objective on SemGroup Corp and gave the stock a “hold” rating in a research report on Saturday, May 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. SemGroup Corp currently has a consensus rating of “Hold” and a consensus target price of $39.00.

In other SemGroup Corp news, insider Carlin G. Conner purchased 7,500 shares of SemGroup Corp stock in a transaction that occurred on Friday, March 10th. The stock was acquired at an average price of $33.55 per share, for a total transaction of $251,625.00. Following the completion of the acquisition, the insider now owns 165,292 shares of the company’s stock, valued at approximately $5,545,546.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William J. Mcadam purchased 5,000 shares of SemGroup Corp stock in a transaction that occurred on Thursday, March 23rd. The shares were acquired at an average price of $33.84 per share, with a total value of $169,200.00. Following the acquisition, the director now directly owns 669 shares of the company’s stock, valued at approximately $22,638.96. The disclosure for this purchase can be found here.

SemGroup Corp Company Profile

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