Assetmark Inc. raised its position in China Petroleum & Chemical Corporation (NYSE:SNP) by 4.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,105 shares of the oil and gas company’s stock after purchasing an additional 9,743 shares during the quarter. Assetmark Inc.’s holdings in China Petroleum & Chemical Corporation were worth $18,165,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cadence Capital Management LLC grew its stake in 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 valued at $752,000 after purchasing an additional 94 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in China Petroleum & Chemical Corporation by 3.2% in the second quarter. PNC Financial Services Group Inc. now owns 3,078 shares of the oil and gas company’s stock valued at $241,000 after purchasing an additional 95 shares in the last quarter. Stifel Financial Corp grew its stake in China Petroleum & Chemical Corporation by 1.5% in the second quarter. Stifel Financial Corp now owns 8,932 shares of the oil and gas company’s stock valued at $702,000 after purchasing an additional 132 shares in the last quarter. Comerica Bank grew its stake in China Petroleum & Chemical Corporation by 2.0% in the first quarter. Comerica Bank now owns 14,988 shares of the oil and gas company’s stock valued at $1,222,000 after purchasing an additional 299 shares in the last quarter. Finally, Ronald Blue & Co. LLC grew its stake in China Petroleum & Chemical Corporation by 10.1% in the second quarter. Ronald Blue & Co. LLC now owns 3,731 shares of the oil and gas company’s stock valued at $293,000 after purchasing an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 0.76% of the company’s stock.

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Shares of China Petroleum & Chemical Corporation (NYSE SNP) traded up 0.27% during mid-day trading on Monday, hitting $74.58. The company’s stock had a trading volume of 47,844 shares. The company has a 50-day moving average price of $76.12 and a 200-day moving average price of $78.80. China Petroleum & Chemical Corporation has a 1-year low of $67.82 and a 1-year high of $84.88. The stock has a market cap of $90.29 billion, a PE ratio of 10.81 and a beta of 1.17.

The business also recently disclosed a special dividend, which was paid on Friday, October 6th. Stockholders of record on Tuesday, September 19th were issued a $1.5115 dividend. This represents a dividend yield of 6.63%. The ex-dividend date was Monday, September 18th. China Petroleum & Chemical Corporation’s payout ratio is 54.12%.

A number of research analysts have commented on SNP shares. 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 raised China Petroleum & Chemical Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 6th. BidaskClub cut China Petroleum & Chemical Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 30th. ValuEngine raised China Petroleum & Chemical Corporation from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Finally, Mizuho raised China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold”.

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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