China Petroleum & Chemical Corp (SNP) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC decreased its holdings in China Petroleum & Chemical Corp (NYSE:SNP) by 12.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 116,677 shares of the oil and gas company’s stock after selling 15,847 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in China Petroleum & Chemical were worth $11,719,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SNP. The Manufacturers Life Insurance Company raised its stake in shares of China Petroleum & Chemical by 156.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,348 shares of the oil and gas company’s stock valued at $119,000 after buying an additional 823 shares in the last quarter. LPL Financial LLC acquired a new position in shares of China Petroleum & Chemical in the 1st quarter valued at $907,000. Suntrust Banks Inc. acquired a new position in shares of China Petroleum & Chemical in the 1st quarter valued at $206,000. Fisher Asset Management LLC acquired a new position in shares of China Petroleum & Chemical in the 2nd quarter valued at $594,000. Finally, Bank of Montreal Can raised its stake in shares of China Petroleum & Chemical by 4.7% in the 2nd quarter. Bank of Montreal Can now owns 53,368 shares of the oil and gas company’s stock valued at $4,795,000 after buying an additional 2,416 shares in the last quarter. Institutional investors own 1.05% of the company’s stock.

SNP has been the subject of a number of recent research reports. ValuEngine upgraded shares of China Petroleum & Chemical from a “hold” rating to a “buy” rating in a research note on Thursday, September 27th. Zacks Investment Research cut shares of China Petroleum & Chemical from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 13th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $94.00.

Shares of SNP stock opened at $84.83 on Friday. China Petroleum & Chemical Corp has a 52-week low of $69.60 and a 52-week high of $105.61. The firm has a market capitalization of $106.23 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 0.57 and a beta of 1.49. The company has a quick ratio of 0.64, a current ratio of 0.99 and a debt-to-equity ratio of 0.12.

China Petroleum & Chemical (NYSE:SNP) last announced its quarterly earnings data on Tuesday, October 30th. The oil and gas company reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.18). The business had revenue of $113.57 billion during the quarter. China Petroleum & Chemical had a net margin of 2.88% and a return on equity of 8.18%. As a group, equities research analysts forecast that China Petroleum & Chemical Corp will post 9.87 earnings per share for the current year.

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About China Petroleum & Chemical

China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas, and chemical operations and businesses 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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