Wedbush Securities Inc. Has $568,000 Holdings in China Petroleum & Chemical Corp (NYSE:SNP)

Wedbush Securities Inc. grew its holdings in China Petroleum & Chemical Corp (NYSE:SNP) by 193.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,329 shares of the oil and gas company’s stock after purchasing an additional 5,495 shares during the period. Wedbush Securities Inc.’s holdings in China Petroleum & Chemical were worth $568,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. McIlrath & Eck LLC bought a new stake in China Petroleum & Chemical during the first quarter worth about $32,000. Advisors Preferred LLC bought a new position in China Petroleum & Chemical in the 1st quarter worth about $112,000. Creative Planning bought a new position in China Petroleum & Chemical in the 2nd quarter worth about $212,000. Meitav Dash Investments Ltd. bought a new position in China Petroleum & Chemical in the 1st quarter worth about $241,000. Finally, Wetherby Asset Management Inc. boosted its stake in China Petroleum & Chemical by 8.2% in the 2nd quarter. Wetherby Asset Management Inc. now owns 3,530 shares of the oil and gas company’s stock worth $241,000 after purchasing an additional 269 shares during the period. Institutional investors own 0.97% of the company’s stock.

Shares of SNP traded up $0.38 during mid-day trading on Friday, hitting $58.89. 1,860 shares of the company’s stock traded hands, compared to its average volume of 175,430. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 0.32. China Petroleum & Chemical Corp has a 1 year low of $58.10 and a 1 year high of $102.47. The firm has a market capitalization of $72.52 billion, a P/E ratio of 8.26, a PEG ratio of 2.98 and a beta of 1.48. The business’s 50-day moving average price is $64.66 and its 200-day moving average price is $74.14.

Several research analysts have commented on the company. TheStreet downgraded China Petroleum & Chemical from a “b” rating to a “c+” rating in a research note on Thursday, June 6th. Jefferies Financial Group cut China Petroleum & Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. Citigroup raised China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 14th. Zacks Investment Research raised China Petroleum & Chemical from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Finally, ValuEngine cut China Petroleum & Chemical from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $94.00.

China Petroleum & Chemical Profile

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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