The New Integrated Core Strategies (Us) Llc Holding in Semgroup Corp
Integrated Core Strategies (Us) Llc filed with the SEC SC 13G form for Semgroup Corp. The form can be accessed here: 000131924416000094. As reported in Integrated Core Strategies (Us) Llc’s form, the filler as of late owns 4.2% or 2,788,800 shares of the Utilities & Telecommunications–company.
Semgroup Corp stake is a new one for the and it was filed because of activity on September 26, 2016. We feel this shows Integrated Core Strategies (Us) Llc’s positive view for the stock.
Semgroup Corp Institutional Sentiment
Latest Security and Exchange filings show 168 investors own Semgroup Corp. The institutional ownership in Q3 2015 is high, at 80.81% of the outstanding shares. This is decreased by 3017224 the total institutional shares. 42677834 were the shares owned by these institutional investors. In total 25 funds opened new Semgroup Corp stakes, 80 increased stakes. There were 44 that closed positions and 50 reduced them.
2 managers had the stock in their top Ten. Notable investors are: Nbw Capital Llc..
Norman Fields Gottscho Capital Management Llc is an institutional investor bullish on Semgroup Corp, owning 10230 shares as of Q3 2015 for 0.30% of its portfolio. Mai Wealth Advisors owns 7874 shares or 0.03% of its portfolio. TN Chickasaw Capital Management Llc have 1.72% of their stock portfolio for 1021521 shares. Further, First Republic Investment Management Inc reported stake worth 0.03% of its US stock portfolio. The NY Burnham Asset Management Corp owns 9850 shares. Semgroup Corp is 0.11% of the manager’s US portfolio.
SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services. 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; SemLogistics, which owns an independent petroleum products storage facility in the United Kingdom; SemCAMS, which owns and operates over four natural gas processing and gathering facilities in Alberta, Canada; SemMexico, which provides a range of liquid asphalt cement products and product application services to the Mexican market; SemGas, which provides natural gas gathering and processing services, and SemStream, which owns interest in NGL Energy Partners LP and NGL Energy Holdings LLC.
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
Insitutional Activity: The institutional sentiment increased to 1.98 in 2016 Q2. Its up 1.03, from 0.95 in 2016Q1. The ratio is positive, as 15 funds sold all SemGroup Corp shares owned while 39 reduced positions. 39 funds bought stakes while 68 increased positions. They now own 53.63 million shares or 20.01% more from 44.69 million shares in 2016Q1.
Pdts Prtn Ltd Co has 100,600 shares for 0.26% of their US portfolio. Eagle Glob Advsr Limited Liability Company holds 1.40M shares or 1.33% of its portfolio. Retail Bank Of New York Mellon Corporation holds 0.01% or 549,705 shares in its portfolio. Capital Fund Mgmt Sa last reported 39,822 shares in the company. The New York-based New York State Common Retirement Fund has invested 0.01% in SemGroup Corp (NYSE:SEMG). The New York-based D E Shaw & has invested 0% in SemGroup Corp (NYSE:SEMG). Stifel last reported 28,298 shares in the company. accumulated 25,507 shares or 0% of the stock. Nbw Cap Ltd Liability Corp holds 326,552 shares or 3.27% of its portfolio. First Republic Invest Mgmt Inc last reported 0.03% of its portfolio in the stock. Allianz Asset Mngmt Ag last reported 0% of its portfolio in the stock. State Board Of Administration Of Florida Retirement Sys reported 27,716 shares or 0% of all its holdings. Blackrock has 48,358 shares for 0% of their US portfolio. Metropolitan Life Insur Communication Ny, a New York-based fund reported 82,053 shares. Cubist Systematic Strategies Lc holds 8,198 shares or 0.02% of its portfolio.
Analysts await SemGroup Corp (NYSE:SEMG) to report earnings on November, 3. They expect $0.04 EPS, down 63.64% or $0.07 from last year’s $0.11 per share. SEMG’s profit will be $2.65M for 221.44 P/E if the $0.04 EPS becomes a reality. After $0.18 actual EPS reported by SemGroup Corp for the previous quarter, Wall Street now forecasts -77.78% negative EPS growth.
The stock increased 0.91% or $0.32 on October 5, hitting $35.43. About 892,918 shares traded hands or 33.86% up from the average. SemGroup Corp (NYSE:SEMG) has risen 76.97% since March 2, 2016 and is uptrending. It has outperformed by 68.71% the S&P500.
SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services. The company has a market cap of $2.35 billion.
SemGroup Corp (NYSE:SEMG) Ratings Coverage
Out of 8 analysts covering SemGroup (NYSE:SEMG), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. $83.0 is the highest target while $24 is the lowest. The $38.20 average target is 7.82% above today’s ($35.43) stock price. SemGroup has been the topic of 12 analyst reports since August 10, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained it with “Outperform” rating and $83.0 target price in Monday, August 10 report. Wells Fargo initiated SemGroup Corp (NYSE:SEMG) on Monday, December 7 with “Outperform” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, November 11 report. Raymond James initiated SemGroup Corp (NYSE:SEMG) on Thursday, September 10 with “Outperform” rating. The firm earned “Neutral” rating on Tuesday, December 15 by Citigroup. UBS maintained it with “Buy” rating and $39 target price in Tuesday, August 2 report. Goldman Sachs initiated SemGroup Corp (NYSE:SEMG) rating on Thursday, August 25. Goldman Sachs has “Buy” rating and $39 price target. The stock has “Neutral” rating given by Citigroup on Friday, April 8. The stock of SemGroup Corp (NYSE:SEMG) earned “Buy” rating by Suntrust Robinson on Wednesday, June 15. As per Wednesday, November 25, the company rating was initiated by Barclays Capital.
More important recent SemGroup Corp (NYSE:SEMG) news were published by: Reuters.com which released: “BRIEF-SemGroup Corp announces stockholder approval of acquisition of Rose …” on September 29, 2016, also Newsok.com published article titled: “SemGroup Corp. agrees to merger proposal with Rose Rock Midstream”, Globenewswire.com published: “SemGroup Corporation Announces Date for Special Meeting of Stockholders in …” on August 30, 2016. More interesting news about SemGroup Corp (NYSE:SEMG) was released by: Moodys.com and their article: “Moody’s downgrades SemGroup Corporation to B2 and Rose Rock Midstream, L.P. to B1” with publication date: March 08, 2016.
According to Zacks Investment Research, “SemGroup Corp provides gathering, transportation, storage, distribution, blending, marketing and other midstream services to producers, refiners of petroleum products and others market participants located in Midwest and Rocky Mountain regions of the United States of America. The Company operates in the pipeline gathering and processing segments of the natural gas midstream industry in the U.S. and Canada. It conducts its business through seven business segments- SemCrude, SemStream, SemLogistics, SemMexico, SemCanada Crude, SemGas and SemCAMS. Its asset base includes pipelines, gathering systems, storage facilities, terminals, processing plants, blending facilities and other distribution assets. It also maintains and operates storage, terminal and marine facilities in the U.K. and operates a network of liquid asphalt cement terminals throughout Mexico. SemGroup Corp is headquartered in Tulsa, Oklahoma.”
SEMG Company Profile
SemGroup Corporation, incorporated on September 19, 2005, is a well-known provider of gathering, transportation, storage, distribution, marketing and other midstream services primarily to independent 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 divisions include Crude Transportation, Crude Facilities, Crude Supply and Logistics, SemStream, SemLogistics, SemCAMS, SemMexico and SemGas. The Firm maintains and operates storage, terminal and marine facilities at Milford Haven in the United Kingdom that enable clients to supply petroleum products to markets in the Atlantic Basin. It also operates a network of liquid asphalt cement terminals throughout Mexico.
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