Pendal Group Ltd raised its stake in China Petroleum & Chemical Corp (NYSE:SNP) by 25.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 538,568 shares of the oil and gas company’s stock after buying an additional 107,577 shares during the period. Pendal Group Ltd’s holdings in China Petroleum & Chemical were worth $38,025,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. McIlrath & Eck LLC purchased a new stake in China Petroleum & Chemical during the 1st quarter valued at $32,000. Advisors Preferred LLC purchased a new stake in China Petroleum & Chemical during the 1st quarter valued at $112,000. Creative Planning purchased a new stake in China Petroleum & Chemical during the 2nd quarter valued at $212,000. Wedbush Securities Inc. purchased a new stake in China Petroleum & Chemical during the 1st quarter valued at $225,000. Finally, Meitav Dash Investments Ltd. purchased a new stake in China Petroleum & Chemical during the 1st quarter valued at $241,000. 0.97% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on SNP. TheStreet cut shares of China Petroleum & Chemical from a “b” rating to a “c+” rating in a research report on Thursday, June 6th. Jefferies Financial Group cut shares of China Petroleum & Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Citigroup raised shares of China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 14th. Zacks Investment Research raised shares of China Petroleum & Chemical from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Finally, ValuEngine cut shares of China Petroleum & Chemical from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $94.00.

Shares of China Petroleum & Chemical stock traded up $0.72 during trading on Tuesday, hitting $59.84. The company’s stock had a trading volume of 8,573 shares, compared to its average volume of 173,538. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.94 and a quick ratio of 0.55. The business’s fifty day moving average price is $65.21. The firm has a market capitalization of $72.79 billion, a P/E ratio of 8.38, a PEG ratio of 2.99 and a beta of 1.48. China Petroleum & Chemical Corp has a 52 week low of $58.92 and a 52 week high of $102.47.

China Petroleum & Chemical Profile

China Petroleum & Chemical Corporation, an energy and chemical company, engages in oil and gas, and chemical operations in the People's Republic of China. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others.

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Institutional Ownership by Quarter for China Petroleum & Chemical (NYSE:SNP)

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