NorthCoast Asset Management LLC lifted its holdings in shares of China Petroleum & Chemical Corporation (NYSE:SNP) by 9.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,078 shares of the oil and gas company’s stock after purchasing an additional 1,526 shares during the period. NorthCoast Asset Management LLC’s holdings in China Petroleum & Chemical Corporation were worth $1,342,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SNP. Sit Investment Associates Inc. bought a new stake in shares of China Petroleum & Chemical Corporation during the 2nd quarter worth $204,000. U S Global Investors Inc bought a new stake in shares of China Petroleum & Chemical Corporation during the 1st quarter worth $269,000. Ronald Blue & Co. LLC raised its stake in shares of China Petroleum & Chemical Corporation by 7.1% during the 1st quarter. Ronald Blue & Co. LLC now owns 3,388 shares of the oil and gas company’s stock worth $276,000 after purchasing an additional 226 shares during the period. Pitcairn Co. bought a new stake in shares of China Petroleum & Chemical Corporation during the 1st quarter worth $288,000. Finally, Eagle Asset Management Inc. bought a new stake in shares of China Petroleum & Chemical Corporation during the 1st quarter worth $293,000. Institutional investors own 0.76% of the company’s stock.

A number of research firms have recently commented on SNP. Mizuho upgraded China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 8th. BidaskClub upgraded China Petroleum & Chemical Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 22nd. Citigroup Inc. upgraded China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 29th. Sanford C. Bernstein upgraded 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 cut China Petroleum & Chemical Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. China Petroleum & Chemical Corporation presently has an average rating of “Hold” and an average target price of $89.00.

Shares of China Petroleum & Chemical Corporation (NYSE SNP) traded up 0.3802% during midday trading on Monday, reaching $78.6479. The company had a trading volume of 7,431 shares. The stock has a market capitalization of $95.22 billion, a PE ratio of 11.5659 and a beta of 1.16. China Petroleum & Chemical Corporation has a 1-year low of $67.82 and a 1-year high of $84.88. The company’s 50-day moving average is $75.58 and its 200-day moving average is $78.91.

The firm also recently declared a special dividend, which will be paid on Friday, October 6th. Stockholders of record on Tuesday, September 19th will be issued a dividend of $1.5115 per share. This represents a dividend yield of 6.63%. The ex-dividend date is Monday, September 18th. China Petroleum & Chemical Corporation’s payout ratio is currently 33.84%.

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China Petroleum & Chemical Corporation 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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