SemGroup Corp (SEMG) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of SemGroup Corp (NASDAQ:SEMG) from a sell rating to a hold rating in a report issued on Friday.

Separately, Royal Bank Of Canada reiterated a buy rating and issued a $33.00 price objective on shares of SemGroup Corp in a report on Tuesday, August 29th.

SemGroup Corp (SEMG) opened at 25.95 on Friday. SemGroup Corp has a 52 week low of $22.55 and a 52 week high of $43.20. The company’s 50-day moving average price is $25.15 and its 200-day moving average price is $29.78. The company has a market capitalization of $2.04 billion and a price-to-earnings ratio of 256.93.

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The company also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Investors of record on Friday, August 18th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.94%. The ex-dividend date was Wednesday, August 16th.

Hedge funds have recently bought and sold shares of the stock. IHT Wealth Management LLC acquired a new stake in SemGroup Corp in the 2nd quarter worth about $119,000. Amalgamated Bank boosted its holdings in SemGroup Corp by 0.8% in the 2nd quarter. Amalgamated Bank now owns 8,378 shares of the company’s stock worth $226,000 after buying an additional 65 shares during the last quarter. Trexquant Investment LP acquired a new stake in SemGroup Corp in the 2nd quarter worth about $227,000. Karp Capital Management Corp acquired a new stake in SemGroup Corp in the 1st quarter worth about $233,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in SemGroup Corp by 537.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,114 shares of the company’s stock worth $246,000 after buying an additional 7,684 shares during the last quarter.

About SemGroup Corp

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