Comerica Bank increased its position in shares of China Petroleum & Chemical Corp (NYSE:SNP) by 5.5% during the third quarter, HoldingsChannel.com reports. The fund owned 14,931 shares of the oil and gas company’s stock after acquiring an additional 779 shares during the quarter. Comerica Bank’s holdings in China Petroleum & Chemical were worth $1,196,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Sensato Investors LLC grew its stake in China Petroleum & Chemical by 583.4% during the 2nd quarter. Sensato Investors LLC now owns 77,404 shares of the oil and gas company’s stock valued at $6,954,000 after acquiring an additional 66,078 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of China Petroleum & Chemical during the second quarter worth approximately $4,941,000. FMR LLC lifted its holdings in shares of China Petroleum & Chemical by 473.0% during the second quarter. FMR LLC now owns 57,300 shares of the oil and gas company’s stock worth $5,148,000 after buying an additional 47,300 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of China Petroleum & Chemical by 2.7% during the second quarter. Renaissance Technologies LLC now owns 1,533,500 shares of the oil and gas company’s stock worth $137,770,000 after buying an additional 40,870 shares during the last quarter. Finally, Aperio Group LLC lifted its holdings in shares of China Petroleum & Chemical by 14.6% during the third quarter. Aperio Group LLC now owns 199,051 shares of the oil and gas company’s stock worth $19,993,000 after buying an additional 25,368 shares during the last quarter. 1.02% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:SNP opened at $84.61 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.99 and a debt-to-equity ratio of 0.12. The stock has a market cap of $104.57 billion, a P/E ratio of 15.08, a PEG ratio of 0.58 and a beta of 1.48. China Petroleum & Chemical Corp has a 52-week low of $69.89 and a 52-week high of $105.61.
China Petroleum & Chemical (NYSE:SNP) last released its quarterly earnings data on Tuesday, October 30th. The oil and gas company reported $2.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.29 by ($0.18). China Petroleum & Chemical had a net margin of 2.88% and a return on equity of 8.18%. The business had revenue of $113.57 billion during the quarter. On average, research analysts predict that China Petroleum & Chemical Corp will post 9.68 earnings per share for the current year.
SNP has been the topic of a number of analyst reports. Zacks Investment Research cut China Petroleum & Chemical from a “hold” rating to a “sell” rating in a research report on Wednesday, August 29th. ValuEngine raised China Petroleum & Chemical from a “hold” rating to a “buy” rating in a research note on Thursday, September 27th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $94.00.
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About China Petroleum & Chemical
China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas, and chemical operations and businesses 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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