Wells Fargo & Company MN reduced its holdings in China Petroleum & Chemical Corp (NYSE:SNP) by 11.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,673 shares of the oil and gas company’s stock after selling 8,969 shares during the period. Wells Fargo & Company MN’s holdings in China Petroleum & Chemical were worth $4,751,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SNP. Creative Planning acquired a new position in China Petroleum & Chemical in the second quarter valued at approximately $212,000. Whitener Capital Management Inc. lifted its holdings in China Petroleum & Chemical by 197.6% in the second quarter. Whitener Capital Management Inc. now owns 3,125 shares of the oil and gas company’s stock valued at $213,000 after buying an additional 2,075 shares during the period. Wetherby Asset Management Inc. lifted its holdings in China Petroleum & Chemical by 8.2% in the second quarter. Wetherby Asset Management Inc. now owns 3,530 shares of the oil and gas company’s stock valued at $241,000 after buying an additional 269 shares during the period. Meitav Dash Investments Ltd. acquired a new position in China Petroleum & Chemical in the first quarter valued at approximately $241,000. Finally, Redwood Investment Management LLC acquired a new position in China Petroleum & Chemical in the first quarter valued at approximately $425,000. Institutional investors and hedge funds own 0.97% of the company’s stock.

NYSE:SNP traded up $0.31 during trading hours on Thursday, hitting $60.95. The stock had a trading volume of 2,827 shares, compared to its average volume of 194,415. The business’s 50 day moving average is $60.03 and its 200-day moving average is $70.21. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.90. China Petroleum & Chemical Corp has a one year low of $57.21 and a one year high of $102.47. The company has a market cap of $77.46 billion, a price-to-earnings ratio of 8.50, a P/E/G ratio of 3.18 and a beta of 1.50.

The business also recently disclosed a — dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Monday, September 9th will be given a dividend of $1.5295 per share. This represents a dividend yield of 9.7%. The ex-dividend date is Friday, September 6th. China Petroleum & Chemical’s dividend payout ratio is 37.90%.

Several equities analysts recently weighed in on the stock. Jefferies Financial Group lowered shares of China Petroleum & Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. Credit Suisse Group upgraded shares of China Petroleum & Chemical from a “neutral” rating to an “outperform” rating in a report on Tuesday, September 10th. Finally, TheStreet lowered shares of China Petroleum & Chemical from a “b” rating to a “c+” rating in a report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $94.00.

About China Petroleum & Chemical

China Petroleum & Chemical Corporation, an energy and chemical company, engages in oil and gas, and chemical operations in the People's Republic of China. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others.

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Institutional Ownership by Quarter for China Petroleum & Chemical (NYSE:SNP)

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