First Trust Advisors LP Boosts Position in China Petroleum & Chemical Corp (SNP)

First Trust Advisors LP increased its holdings in shares of China Petroleum & Chemical Corp (NYSE:SNP) by 34.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,247 shares of the oil and gas company’s stock after acquiring an additional 9,063 shares during the period. First Trust Advisors LP’s holdings in China Petroleum & Chemical were worth $2,586,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. State Street Corp lifted its stake in shares of 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 buying an additional 16,053 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of China Petroleum & Chemical by 5.3% in the third quarter. BNP Paribas Arbitrage SA now owns 28,307 shares of the oil and gas company’s stock worth $2,145,000 after buying an additional 1,427 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of China Petroleum & Chemical by 29.4% in the third quarter. Quantbot Technologies LP now owns 4,619 shares of the oil and gas company’s stock worth $349,000 after buying an additional 1,049 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of China Petroleum & Chemical in the third quarter worth approximately $218,000. Finally, NorthCoast Asset Management LLC lifted its stake in shares of 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 buying an additional 42,412 shares in the last quarter. 0.97% of the stock is currently owned by institutional investors and hedge funds.

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China Petroleum & Chemical Corp (SNP) opened at $82.77 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.61 and a debt-to-equity ratio of 0.14. China Petroleum & Chemical Corp has a twelve month low of $69.60 and a twelve month high of $89.68. The firm has a market cap of $99,556.85, a P/E ratio of 12.37, a PEG ratio of 2.05 and a beta of 1.41.

SNP has been the topic of several analyst reports. Macquarie downgraded shares of China Petroleum & Chemical from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 9th. HSBC downgraded shares of China Petroleum & Chemical from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Zacks Investment Research downgraded shares of China Petroleum & Chemical from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. ValuEngine upgraded shares of China Petroleum & Chemical from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, Jefferies Group upgraded shares of China Petroleum & Chemical from a “hold” rating to a “buy” rating in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. China Petroleum & Chemical has an average rating of “Buy” and an average target price of $93.00.

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China Petroleum & Chemical 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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