Crossmark Global Holdings Inc. trimmed its holdings in shares of China Petroleum & Chemical Corp (NYSE:SNP) by 1.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 118,501 shares of the oil and gas company’s stock after selling 1,392 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in China Petroleum & Chemical were worth $7,128,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Manning & Napier Group LLC boosted its stake in shares of China Petroleum & Chemical by 20.7% during the 4th quarter. Manning & Napier Group LLC now owns 148,385 shares of the oil and gas company’s stock worth $8,925,000 after buying an additional 25,425 shares during the last quarter. Morgan Stanley increased its holdings in China Petroleum & Chemical by 144.6% in the 2nd quarter. Morgan Stanley now owns 94,804 shares of the oil and gas company’s stock worth $6,466,000 after purchasing an additional 56,048 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in China Petroleum & Chemical by 11.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 81,906 shares of the oil and gas company’s stock worth $4,808,000 after purchasing an additional 8,371 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in China Petroleum & Chemical in the 3rd quarter worth about $2,202,000. Finally, Fisher Asset Management LLC increased its holdings in China Petroleum & Chemical by 4.1% in the 3rd quarter. Fisher Asset Management LLC now owns 28,441 shares of the oil and gas company’s stock worth $1,669,000 after purchasing an additional 1,118 shares in the last quarter. 0.90% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on SNP shares. Credit Suisse Group cut China Petroleum & Chemical from a “neutral” rating to an “underperform” rating in a report on Tuesday, February 4th. Citigroup cut China Petroleum & Chemical from a “buy” rating to a “neutral” rating in a report on Wednesday. Finally, Bank of America cut China Petroleum & Chemical from a “buy” rating to a “neutral” rating in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock has an average rating of “Hold”.

Shares of SNP opened at $54.40 on Friday. The business has a 50-day moving average of $57.96 and a 200-day moving average of $58.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.55. The company has a market capitalization of $65.03 billion, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 1.10 and a beta of 1.53. China Petroleum & Chemical Corp has a 1 year low of $51.72 and a 1 year high of $87.17.

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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