Eagle Asset Management Inc. Has $313,000 Stake in China Petroleum & Chemical Corporation (SNP)

Eagle Asset Management Inc. raised its holdings in shares of China Petroleum & Chemical Corporation (NYSE:SNP) by 10.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,992 shares of the oil and gas company’s stock after acquiring an additional 389 shares during the quarter. Eagle Asset Management Inc.’s holdings in China Petroleum & Chemical Corporation were worth $313,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Cadence Capital Management LLC boosted its position in shares of China Petroleum & Chemical Corporation by 1.0% during the 2nd quarter. Cadence Capital Management LLC now owns 9,566 shares of the oil and gas company’s stock worth $752,000 after acquiring an additional 94 shares in the last quarter. Ronald Blue & Co. LLC boosted its position 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 acquiring an additional 226 shares in the last quarter. Comerica Bank boosted its position in shares of China Petroleum & Chemical Corporation by 2.0% during the 1st quarter. Comerica Bank now owns 14,988 shares of the oil and gas company’s stock worth $1,222,000 after acquiring an additional 299 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of China Petroleum & Chemical Corporation by 1.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 26,880 shares of the oil and gas company’s stock worth $2,113,000 after acquiring an additional 474 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of China Petroleum & Chemical Corporation by 11.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,824 shares of the oil and gas company’s stock worth $474,000 after acquiring an additional 575 shares in the last quarter. 0.76% of the stock is owned by institutional investors and hedge funds.

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Several research analysts have recently issued reports on SNP shares. Citigroup Inc. raised China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 29th. BidaskClub raised China Petroleum & Chemical Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 22nd. 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. Mizuho raised China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, ValuEngine raised China Petroleum & Chemical Corporation from a “hold” rating to a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $89.00.

Shares of China Petroleum & Chemical Corporation (NYSE SNP) opened at 79.42 on Wednesday. The firm has a market capitalization of $96.15 billion, a PE ratio of 11.68 and a beta of 1.16. The company has a 50 day moving average price of $75.67 and a 200-day moving average price of $78.90. China Petroleum & Chemical Corporation has a 12 month low of $67.82 and a 12 month high of $84.88.

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

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.

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

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