Fulton Bank N.A. Has $241,000 Stake in Sinopec Shanghai Petrochemical Co. (SHI)

Fulton Bank N.A. reduced its stake in shares of Sinopec Shanghai Petrochemical Co. (NYSE:SHI) by 16.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,493 shares of the oil and gas company’s stock after selling 1,098 shares during the period. Fulton Bank N.A.’s holdings in Sinopec Shanghai Petrochemical were worth $241,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE lifted its position in shares of Sinopec Shanghai Petrochemical by 1.1% during the 2nd quarter. Bank of America Corp DE now owns 186,315 shares of the oil and gas company’s stock valued at $11,175,000 after buying an additional 2,014 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Sinopec Shanghai Petrochemical by 5.6% during the 2nd quarter. Renaissance Technologies LLC now owns 178,250 shares of the oil and gas company’s stock valued at $10,691,000 after buying an additional 9,497 shares in the last quarter. Freestone Capital Holdings LLC lifted its position in shares of Sinopec Shanghai Petrochemical by 0.7% during the 3rd quarter. Freestone Capital Holdings LLC now owns 170,491 shares of the oil and gas company’s stock valued at $10,289,000 after buying an additional 1,256 shares in the last quarter. BlackRock Inc. lifted its position in shares of Sinopec Shanghai Petrochemical by 49.1% during the 3rd quarter. BlackRock Inc. now owns 65,302 shares of the oil and gas company’s stock valued at $3,942,000 after buying an additional 21,496 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Sinopec Shanghai Petrochemical by 7.1% during the 2nd quarter. Northern Trust Corp now owns 58,094 shares of the oil and gas company’s stock valued at $3,484,000 after buying an additional 3,836 shares in the last quarter. 1.98% of the stock is currently owned by hedge funds and other institutional investors.

NYSE SHI opened at $43.86 on Friday. Sinopec Shanghai Petrochemical Co. has a 12 month low of $42.01 and a 12 month high of $74.09. The company has a market capitalization of $4.66 billion, a P/E ratio of 5.22 and a beta of 1.12.

Sinopec Shanghai Petrochemical (NYSE:SHI) last posted its quarterly earnings results on Friday, October 26th. The oil and gas company reported $1.54 EPS for the quarter. Sinopec Shanghai Petrochemical had a return on equity of 22.94% and a net margin of 6.43%. The company had revenue of $4.21 billion for the quarter. As a group, analysts anticipate that Sinopec Shanghai Petrochemical Co. will post 58.67 earnings per share for the current year.

A number of research firms have recently weighed in on SHI. ValuEngine cut Sinopec Shanghai Petrochemical from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st. Zacks Investment Research cut Sinopec Shanghai Petrochemical from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $68.00.

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Sinopec Shanghai Petrochemical Profile

Sinopec Shanghai Petrochemical Company Limited, together with its subsidiaries, manufactures and sells petrochemical products in the People's Republic of China. The company operates through five segments: Synthetic Fibres, Resins and Plastics, Intermediate Petrochemicals, Petroleum Products, and Trading of Petrochemical Products.

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Institutional Ownership by Quarter for Sinopec Shanghai Petrochemical (NYSE:SHI)

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