China Petroleum & Chemical Corporation (SNP) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC reduced its stake in shares of China Petroleum & Chemical Corporation (NYSE:SNP) by 22.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,236 shares of the oil and gas company’s stock after selling 27,978 shares during the period. Manning & Napier Advisors LLC’s holdings in China Petroleum & Chemical were worth $7,213,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SNP. Quantbot Technologies LP lifted its holdings in China Petroleum & Chemical by 29.4% in the 3rd quarter. Quantbot Technologies LP now owns 4,619 shares of the oil and gas company’s stock worth $349,000 after purchasing an additional 1,049 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in China Petroleum & Chemical by 5.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 28,307 shares of the oil and gas company’s stock worth $2,145,000 after purchasing an additional 1,427 shares in the last quarter. Pitcairn Co. purchased a new position in China Petroleum & Chemical in the 3rd quarter worth approximately $421,000. Stevens Capital Management LP lifted its holdings in China Petroleum & Chemical by 107.3% in the 3rd quarter. Stevens Capital Management LP now owns 13,616 shares of the oil and gas company’s stock worth $1,032,000 after purchasing an additional 7,048 shares in the last quarter. Finally, Westpac Banking Corp purchased a new position in China Petroleum & Chemical in the 3rd quarter worth approximately $1,914,000. 0.87% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on SNP shares. Zacks Investment Research raised China Petroleum & Chemical from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research note on Wednesday, October 18th. Mizuho raised China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 8th. BidaskClub raised China Petroleum & Chemical from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 22nd. ValuEngine raised China Petroleum & Chemical from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. Finally, Citigroup raised China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $82.00.

China Petroleum & Chemical Corporation (SNP) traded up $0.50 during midday trading on Monday, hitting $71.42. The stock had a trading volume of 236,728 shares, compared to its average volume of 120,870. The company has a market cap of $105,710.00, a P/E ratio of 15.62, a P/E/G ratio of 1.87 and a beta of 1.27. The company has a current ratio of 0.97, a quick ratio of 0.61 and a debt-to-equity ratio of 0.14. China Petroleum & Chemical Corporation has a 52-week low of $69.86 and a 52-week high of $84.88.

In other China Petroleum & Chemical news, Director Wolfgang Wiese sold 355,000 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $0.25, for a total value of $88,750.00. Insiders sold a total of 368,500 shares of company stock worth $96,400 in the last ninety days. 92.20% of the stock is currently owned by corporate insiders.

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China Petroleum & Chemical 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.

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

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