Thomas White International Ltd. Boosts Holdings in China Petroleum & Chemical Corp (SNP)

Thomas White International Ltd. boosted its stake in China Petroleum & Chemical Corp (NYSE:SNP) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,527 shares of the oil and gas company’s stock after purchasing an additional 1,891 shares during the quarter. Thomas White International Ltd.’s holdings in China Petroleum & Chemical were worth $4,221,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. State Street Corp grew its holdings in China Petroleum & Chemical by 39.9% in the second quarter. State Street Corp now owns 56,287 shares of the oil and gas company’s stock worth $4,424,000 after purchasing an additional 16,053 shares during the period. OxFORD Asset Management LLP grew its holdings in China Petroleum & Chemical by 58.4% in the third quarter. OxFORD Asset Management LLP now owns 47,446 shares of the oil and gas company’s stock worth $3,524,000 after purchasing an additional 17,499 shares during the period. Pitcairn Co. acquired a new stake in China Petroleum & Chemical in the third quarter worth $421,000. NorthCoast Asset Management LLC grew its holdings in China Petroleum & Chemical by 248.3% in the third quarter. NorthCoast Asset Management LLC now owns 59,490 shares of the oil and gas company’s stock worth $4,507,000 after purchasing an additional 42,412 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in China Petroleum & Chemical by 25.1% in the third quarter. Wells Fargo & Company MN now owns 27,820 shares of the oil and gas company’s stock worth $2,108,000 after purchasing an additional 5,586 shares during the period. Institutional investors and hedge funds own 0.94% of the company’s stock.

A number of equities research analysts have commented on the stock. ValuEngine upgraded shares of China Petroleum & Chemical from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Jefferies Group upgraded shares of China Petroleum & Chemical from a “hold” rating to a “buy” rating in a report on Wednesday, January 17th. Macquarie cut shares of China Petroleum & Chemical from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 9th. HSBC cut shares of China Petroleum & Chemical from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, Zacks Investment Research upgraded shares of China Petroleum & Chemical from a “hold” rating to a “strong-buy” rating and set a $93.00 price target for the company in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $93.00.

China Petroleum & Chemical Corp (NYSE SNP) opened at $80.78 on Monday. The stock has a market cap of $97,801.32, a PE ratio of 17.79, a PEG ratio of 2.02 and a beta of 1.39. China Petroleum & Chemical Corp has a twelve month low of $69.60 and a twelve month high of $89.68. The company has a current ratio of 0.97, a quick ratio of 0.61 and a debt-to-equity ratio of 0.14.

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China Petroleum & Chemical Company 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 (NYSE:SNP)

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