Thomas White International Ltd. increased its position in shares of China Petroleum & Chemical Corporation (NYSE:SNP) by 10.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,130 shares of the oil and gas company’s stock after buying an additional 4,892 shares during the period. Thomas White International Ltd.’s holdings in China Petroleum & Chemical Corporation were worth $4,176,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Great Lakes Advisors LLC bought a new stake in shares of China Petroleum & Chemical Corporation during the second quarter worth $463,000. GAM Holding AG increased its stake in shares of China Petroleum & Chemical Corporation by 125.8% in the second quarter. GAM Holding AG now owns 14,000 shares of the oil and gas company’s stock worth $1,100,000 after buying an additional 7,800 shares in the last quarter. Cadence Capital Management LLC increased its stake in shares of China Petroleum & Chemical Corporation by 1.0% in the second quarter. Cadence Capital Management LLC now owns 9,566 shares of the oil and gas company’s stock worth $752,000 after buying an additional 94 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of China Petroleum & Chemical Corporation by 1.8% in the second quarter. BNP Paribas Arbitrage SA now owns 26,880 shares of the oil and gas company’s stock worth $2,113,000 after buying an additional 474 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of China Petroleum & Chemical Corporation by 31.7% in the second quarter. Advisors Asset Management Inc. now owns 20,722 shares of the oil and gas company’s stock worth $1,629,000 after buying an additional 4,988 shares in the last quarter. 0.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of China Petroleum & Chemical Corporation (NYSE SNP) traded up 1.45% on Thursday, reaching $77.00. 26,250 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $75.91 and a 200 day moving average price of $79.05. China Petroleum & Chemical Corporation has a one year low of $67.82 and a one year high of $84.88. The firm has a market cap of $93.22 billion, a PE ratio of 11.32 and a beta of 1.17.

The business also recently disclosed a special dividend, which will be paid on Friday, October 6th. Investors of record on Tuesday, September 19th will be given a dividend of $1.5115 per share. The ex-dividend date of this dividend is Monday, September 18th. This represents a yield of 6.63%. China Petroleum & Chemical Corporation’s payout ratio is 47.26%.

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A number of brokerages recently weighed in on SNP. Citigroup Inc. raised shares of China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday. 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. Mizuho raised shares of China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 8th. Sanford C. Bernstein raised shares of China Petroleum & Chemical Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 6th. Finally, Jefferies Group LLC downgraded shares of China Petroleum & Chemical Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $89.00.

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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