Pitcairn Co. Takes Position in China Petroleum & Chemical Corporation (SNP)

Pitcairn Co. acquired a new position in shares of China Petroleum & Chemical Corporation (NYSE:SNP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,550 shares of the company’s stock, valued at approximately $421,000.

Several other institutional investors have also recently added to or reduced their stakes in SNP. Cadence Capital Management LLC grew its stake in China Petroleum & Chemical Corporation by 1.0% in the 2nd quarter. Cadence Capital Management LLC now owns 9,566 shares of the company’s stock valued at $752,000 after buying an additional 94 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in China Petroleum & Chemical Corporation by 3.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,078 shares of the company’s stock valued at $241,000 after buying an additional 95 shares during the last quarter. Stifel Financial Corp grew its stake in China Petroleum & Chemical Corporation by 1.5% in the 2nd quarter. Stifel Financial Corp now owns 8,932 shares of the company’s stock valued at $702,000 after buying an additional 132 shares during the last quarter. Ronald Blue & Co. LLC grew its stake in China Petroleum & Chemical Corporation by 10.1% in the 2nd quarter. Ronald Blue & Co. LLC now owns 3,731 shares of the company’s stock valued at $293,000 after buying an additional 343 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its stake in China Petroleum & Chemical Corporation by 10.8% in the 2nd quarter. Eagle Asset Management Inc. now owns 3,992 shares of the company’s stock valued at $313,000 after buying an additional 389 shares during the last quarter. Institutional investors own 0.76% of the company’s stock.

In other China Petroleum & Chemical Corporation news, Director Wolfgang Wiese sold 355,000 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of C$0.25, for a total value of C$88,750.00. Insiders sold a total of 368,500 shares of company stock valued at $96,400 in the last three months. Insiders own 92.20% of the company’s stock.

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A number of research analysts recently commented on SNP shares. Citigroup Inc. upgraded shares of China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 29th. BidaskClub upgraded shares of China Petroleum & Chemical Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded shares of China Petroleum & Chemical Corporation from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Tuesday, October 24th. Mizuho upgraded shares of China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, ValuEngine lowered shares of China Petroleum & Chemical Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of C$82.00.

China Petroleum & Chemical Corporation (SNP) traded down C$0.38 during midday trading on Friday, reaching C$74.49. 99,587 shares of the company’s stock were exchanged, compared to its average volume of 149,017. The company has a quick ratio of 0.61, a current ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market cap of $90,185.94, a P/E ratio of 16.41, a P/E/G ratio of 1.96 and a beta of 1.28. China Petroleum & Chemical Corporation has a 52-week low of C$67.82 and a 52-week high of C$84.88.

China Petroleum & Chemical Corporation Profile

China Petroleum & Chemical Corporation is a China-based energy and chemical company. The Company’s segments include Exploration and Development segment, Refining segment, Marketing and Distribution segment, Chemicals segment, and Corporate and Others segment. Exploration and Development segment explores and develops oil fields, as well as produces crude oil and natural gas.

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

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