Advisors Asset Management Inc. trimmed its holdings in shares of SINOPEC Shangai Petrochemical Company, Ltd. (NYSE:SHI) by 7.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,753 shares of the oil and gas company’s stock after selling 225 shares during the period. Advisors Asset Management Inc.’s holdings in SINOPEC Shangai Petrochemical were worth $147,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SHI. Bank of Montreal Can bought a new stake in SINOPEC Shangai Petrochemical during the first quarter worth approximately $192,000. Wells Fargo & Company MN boosted its holdings in SINOPEC Shangai Petrochemical by 15,010,600.0% during the first quarter. Wells Fargo & Company MN now owns 150,107 shares of the oil and gas company’s stock worth $8,371,000 after buying an additional 150,106 shares in the last quarter. Karp Capital Management Corp bought a new stake in SINOPEC Shangai Petrochemical during the first quarter worth approximately $1,566,000. Parametric Portfolio Associates LLC boosted its holdings in SINOPEC Shangai Petrochemical by 64.7% during the first quarter. Parametric Portfolio Associates LLC now owns 36,683 shares of the oil and gas company’s stock worth $2,045,000 after buying an additional 14,414 shares in the last quarter. Finally, Oxford Asset Management boosted its holdings in SINOPEC Shangai Petrochemical by 94.5% during the first quarter. Oxford Asset Management now owns 25,175 shares of the oil and gas company’s stock worth $1,404,000 after buying an additional 12,233 shares in the last quarter. Hedge funds and other institutional investors own 1.08% of the company’s stock.

A number of analysts recently weighed in on the stock. ValuEngine upgraded shares of SINOPEC Shangai Petrochemical from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub upgraded shares of SINOPEC Shangai Petrochemical from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 9th. Instinet upgraded shares of SINOPEC Shangai Petrochemical from a “reduce” rating to a “neutral” rating in a report on Wednesday, August 9th. Citigroup Inc. cut shares of SINOPEC Shangai Petrochemical from a “neutral” rating to a “sell” rating in a report on Thursday, June 1st. Finally, Zacks Investment Research cut shares of SINOPEC Shangai Petrochemical from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $66.00.

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SINOPEC Shangai Petrochemical Company, Ltd. (NYSE SHI) opened at 62.45 on Friday. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 8.33 and a beta of 0.48. SINOPEC Shangai Petrochemical Company, Ltd. has a 1-year low of $48.82 and a 1-year high of $64.80. The company has a 50-day moving average of $59.53 and a 200-day moving average of $57.43.

About SINOPEC Shangai Petrochemical

Sinopec Shanghai Petrochemical Company Limited (Shanghai Petrochemical) is a petrochemical company. The Company and its subsidiaries are principally engaged in processing crude oil into synthetic fibers, resins and plastics, intermediate petrochemicals and petroleum products. The Company operates in five operating segments.

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Institutional Ownership by Quarter for SINOPEC Shangai Petrochemical (NYSE:SHI)

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