China Petroleum & Chemical Corporation (SNP) Holdings Increased by Stevens Capital Management LP

Stevens Capital Management LP raised its position in shares of China Petroleum & Chemical Corporation (NYSE:SNP) by 107.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,616 shares of the oil and gas company’s stock after purchasing an additional 7,048 shares during the quarter. Stevens Capital Management LP’s holdings in China Petroleum & Chemical Corporation were worth $1,032,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SNP. Sit Investment Associates Inc. acquired a new stake in China Petroleum & Chemical Corporation during the 2nd quarter valued at $204,000. PNC Financial Services Group Inc. raised its stake in China Petroleum & Chemical Corporation by 3.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,078 shares of the oil and gas company’s stock valued at $241,000 after purchasing an additional 95 shares during the period. Quantbot Technologies LP raised its stake in China Petroleum & Chemical Corporation by 1,393.7% during the 2nd quarter. Quantbot Technologies LP now owns 3,570 shares of the oil and gas company’s stock valued at $280,000 after purchasing an additional 3,331 shares during the period. Ronald Blue & Co. LLC raised its stake in China Petroleum & Chemical Corporation by 10.1% during the 2nd quarter. Ronald Blue & Co. LLC now owns 3,731 shares of the oil and gas company’s stock valued at $293,000 after purchasing an additional 343 shares during the period. Finally, Eagle Asset Management Inc. raised its stake in China Petroleum & Chemical Corporation by 10.8% during the 2nd quarter. Eagle Asset Management Inc. now owns 3,992 shares of the oil and gas company’s stock valued at $313,000 after purchasing an additional 389 shares during the period. 0.76% of the stock is currently owned by institutional investors.

Several analysts have issued reports on SNP shares. Citigroup Inc. raised shares of China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 29th. BidaskClub raised 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 raised 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 raised shares of China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, ValuEngine downgraded 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 assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $82.00.

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

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China Petroleum & Chemical Corporation (NYSE SNP) opened at $71.68 on Wednesday. China Petroleum & Chemical Corporation has a one year low of $67.82 and a one year high of $84.88. 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 firm has a market cap of $89,011.55, a price-to-earnings ratio of 16.19, a PEG ratio of 1.94 and a beta of 1.28.

China Petroleum & Chemical Corporation 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 Corporation (NYSE:SNP)

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