In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Semgroup Corp (NYSE:SEMG) reported that Buffalo Investor I, L.p. has picked up 7,346,129 of common stock as of 2017-07-25.
The acquisition brings the aggregate amount owned by Buffalo Investor I, L.p. to a total of 7,346,129 representing a 9.3% in the company.
For those not familiar with the company, SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services to 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 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; SemGas, which provides natural gas gathering and processing services; SemCAMS, which operates natural gas processing and gathering facilities in Alberta, Canada; SemLogistics, which owns petroleum products storage facility in the United Kingdom, and SemMexico, which provides liquid asphalt cement products and product application services to the Mexican market, and Corporate and Other.
A glance at Semgroup Corp (NYSE:SEMG)’s key stats reveals a current market capitalization of 2.10 Billion based on 66.24 Million shares outstanding and a price at last close of $26.45 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2017-06-08, Conner picked up 3,824 at a purchase price of $26.18.This brings their total holding to 163,903 as of the date of the filing.
On the sell side, the most recent transaction saw Barpoulis unload 1,470 shares at a sale price of $31.45. This brings their total holding to 11,433.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Semgroup Corp (NYSE:SEMG) as things move forward to see if its progress aligns with these transactions. Subscribe below and we’ll keep you on top of what’s happening before it moves markets.