Virtus ETF Advisers LLC Buys Shares of 30,688 China Petroleum & Chemical Corp (NYSE:SNP)

Virtus ETF Advisers LLC bought a new stake in shares of China Petroleum & Chemical Corp (NYSE:SNP) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 30,688 shares of the oil and gas company’s stock, valued at approximately $2,093,000.

A number of other large investors have also bought and sold shares of SNP. Pendal Group Ltd boosted its stake in shares of China Petroleum & Chemical by 25.0% during the 2nd quarter. Pendal Group Ltd now owns 538,568 shares of the oil and gas company’s stock worth $38,025,000 after purchasing an additional 107,577 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of China Petroleum & Chemical by 3.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,889,600 shares of the oil and gas company’s stock worth $128,871,000 after purchasing an additional 68,360 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of China Petroleum & Chemical during the 1st quarter worth about $2,930,000. Schafer Cullen Capital Management Inc boosted its stake in shares of China Petroleum & Chemical by 6.5% during the 2nd quarter. Schafer Cullen Capital Management Inc now owns 455,837 shares of the oil and gas company’s stock worth $30,249,000 after purchasing an additional 27,857 shares during the last quarter. Finally, Manning & Napier Group LLC boosted its stake in shares of China Petroleum & Chemical by 20.5% during the 2nd quarter. Manning & Napier Group LLC now owns 119,904 shares of the oil and gas company’s stock worth $8,177,000 after purchasing an additional 20,384 shares during the last quarter. Hedge funds and other institutional investors own 0.98% of the company’s stock.

Shares of SNP traded up $0.88 during mid-day trading on Friday, hitting $62.57. The company had a trading volume of 171,556 shares, compared to its average volume of 181,140. The business’s 50-day simple moving average is $60.37 and its 200-day simple moving average is $70.92. The company has a quick ratio of 0.53, a current ratio of 0.90 and a debt-to-equity ratio of 0.31. China Petroleum & Chemical Corp has a 1-year low of $57.21 and a 1-year high of $102.47. The stock has a market cap of $73.59 billion, a PE ratio of 8.75, a P/E/G ratio of 3.02 and a beta of 1.50.

The business also recently announced a — dividend, which will be paid on Thursday, October 3rd. Investors of record on Monday, September 9th will be given a $1.5295 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a dividend yield of 9.7%. China Petroleum & Chemical’s dividend payout ratio is presently 41.68%.

Several equities research analysts have issued reports on the stock. Jefferies Financial Group cut shares of China Petroleum & Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. TheStreet cut shares of China Petroleum & Chemical from a “b” rating to a “c+” rating in a research report on Thursday, June 6th. Finally, Credit Suisse Group raised shares of China Petroleum & Chemical from a “neutral” rating to an “outperform” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $94.00.

China Petroleum & Chemical Company Profile

China Petroleum & Chemical Corporation, an energy and chemical company, engages in oil and gas, and chemical operations 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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Institutional Ownership by Quarter for China Petroleum & Chemical (NYSE:SNP)

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