China Petroleum & Chemical Corporation (SNP) Position Cut by ClariVest Asset Management LLC

ClariVest Asset Management LLC trimmed its position in China Petroleum & Chemical Corporation (NYSE:SNP) by 9.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,271 shares of the oil and gas company’s stock after selling 12,600 shares during the quarter. ClariVest Asset Management LLC’s holdings in China Petroleum & Chemical Corporation were worth $9,414,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Quantbot Technologies LP increased its stake in China Petroleum & Chemical Corporation by 29.4% in the third quarter. Quantbot Technologies LP now owns 4,619 shares of the oil and gas company’s stock valued at $349,000 after acquiring an additional 1,049 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in China Petroleum & Chemical Corporation by 5.3% in the third quarter. BNP Paribas Arbitrage SA now owns 28,307 shares of the oil and gas company’s stock valued at $2,145,000 after buying an additional 1,427 shares in the last quarter. Pitcairn Co. acquired a new stake in China Petroleum & Chemical Corporation in the third quarter valued at approximately $421,000. Stevens Capital Management LP boosted its position in China Petroleum & Chemical Corporation by 107.3% in the third quarter. Stevens Capital Management LP now owns 13,616 shares of the oil and gas company’s stock valued at $1,032,000 after buying an additional 7,048 shares in the last quarter. Finally, Westpac Banking Corp acquired a new stake in China Petroleum & Chemical Corporation in the third quarter valued at approximately $1,914,000. 0.76% of the stock is currently owned by institutional investors and hedge funds.

In other China Petroleum & Chemical Corporation news, Director Wolfgang Wiese sold 355,000 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $0.25, for a total value of $88,750.00. Over the last three months, insiders have sold 368,500 shares of company stock valued at $96,400. 92.20% of the stock is currently owned by insiders.

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A number of brokerages have recently commented on SNP. ValuEngine lowered shares of China Petroleum & Chemical Corporation from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Mizuho upgraded shares of China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday, August 8th. BidaskClub upgraded shares of China Petroleum & Chemical Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 22nd. Zacks Investment Research upgraded shares of China Petroleum & Chemical Corporation from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a report on Wednesday, October 18th. Finally, Citigroup Inc. upgraded shares of China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. China Petroleum & Chemical Corporation currently has a consensus rating of “Hold” and a consensus target price of $82.00.

China Petroleum & Chemical Corporation (NYSE:SNP) traded down $0.38 during trading hours on Friday, hitting $70.65. 167,621 shares of the stock traded hands, compared to its average volume of 148,211. The company has a current ratio of 0.97, a quick ratio of 0.61 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $103,900.00, a P/E ratio of 15.79, a PEG ratio of 1.89 and a beta of 1.29. China Petroleum & Chemical Corporation has a one year low of $67.82 and a one year high of $84.88.

China Petroleum & Chemical Corporation 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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