Qube Research & Technologies Ltd Takes Position in China Petroleum & Chemical Co. (NYSE:SNP)

Qube Research & Technologies Ltd acquired a new stake in China Petroleum & Chemical Co. (NYSE:SNPGet Rating) in the 4th quarter, HoldingsChannel reports. The fund acquired 8,897 shares of the oil and gas company’s stock, valued at approximately $414,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNP. Larson Financial Group LLC acquired a new stake in shares of China Petroleum & Chemical in the 3rd quarter valued at approximately $25,000. Liberty Wealth Management LLC boosted its holdings in shares of China Petroleum & Chemical by 801.4% in the 3rd quarter. Liberty Wealth Management LLC now owns 631 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 561 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of China Petroleum & Chemical by 20.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,121 shares of the oil and gas company’s stock valued at $252,000 after buying an additional 868 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in China Petroleum & Chemical during the 3rd quarter valued at $281,000. Finally, Crossmark Global Holdings Inc. lifted its holdings in China Petroleum & Chemical by 7.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 10,756 shares of the oil and gas company’s stock valued at $500,000 after purchasing an additional 720 shares during the last quarter. 0.60% of the stock is owned by institutional investors.

Shares of NYSE SNP opened at $49.77 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.55 and a current ratio of 0.87. China Petroleum & Chemical Co. has a 52 week low of $40.60 and a 52 week high of $55.77. The stock has a market capitalization of $60.26 billion, a P/E ratio of 5.49, a PEG ratio of 1.54 and a beta of 0.76. The stock’s fifty day moving average is $49.18 and its 200 day moving average is $49.37.

The business also recently declared a semi-annual dividend, which will be paid on Thursday, June 30th. Investors of record on Thursday, June 9th will be given a $2.4674 dividend. This represents a dividend yield of 13.3%. The ex-dividend date is Wednesday, June 8th. China Petroleum & Chemical’s payout ratio is currently 48.57%.

SNP has been the subject of several research reports. StockNews.com downgraded China Petroleum & Chemical from a “buy” rating to a “hold” rating in a report on Friday, April 15th. Zacks Investment Research raised China Petroleum & Chemical from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Tuesday, December 28th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $55.99.

China Petroleum & Chemical Profile (Get Rating)

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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