China Petroleum & Chemical Corp (SNP) Shares Sold by Northern Trust Corp

Northern Trust Corp lessened its position in China Petroleum & Chemical Corp (NYSE:SNP) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 371,974 shares of the oil and gas company’s stock after selling 13,639 shares during the period. Northern Trust Corp’s holdings in China Petroleum & Chemical were worth $26,261,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SNP. Financial Gravity Companies Inc. acquired a new position in China Petroleum & Chemical during the fourth quarter worth approximately $27,000. We Are One Seven LLC acquired a new position in China Petroleum & Chemical during the fourth quarter worth approximately $58,000. Honkamp Krueger Financial Services Inc. acquired a new position in China Petroleum & Chemical during the third quarter worth approximately $102,000. Whitener Capital Management Inc. increased its position in China Petroleum & Chemical by 75.0% during the fourth quarter. Whitener Capital Management Inc. now owns 1,050 shares of the oil and gas company’s stock worth $74,000 after purchasing an additional 450 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in China Petroleum & Chemical during the third quarter worth approximately $121,000. 1.02% of the stock is owned by institutional investors and hedge funds.

Shares of SNP stock traded down $0.22 on Friday, hitting $78.26. The stock had a trading volume of 91,090 shares, compared to its average volume of 145,000. The company has a market capitalization of $94.75 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 1.48 and a beta of 1.59. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 0.11. China Petroleum & Chemical Corp has a 52-week low of $69.02 and a 52-week high of $105.61.

The business also recently disclosed a semiannual dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be paid a dividend of $3.8715 per share. This represents a yield of 9.72%. This is an increase from China Petroleum & Chemical’s previous semiannual dividend of $2.47. The ex-dividend date of this dividend is Friday, May 31st. China Petroleum & Chemical’s dividend payout ratio is 74.69%.

SNP has been the subject of several research reports. Zacks Investment Research upgraded shares of China Petroleum & Chemical from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd. Morgan Stanley downgraded shares of China Petroleum & Chemical from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 6th. Credit Suisse Group downgraded shares of China Petroleum & Chemical from an “outperform” rating to a “neutral” rating in a research note on Thursday, January 10th. Citigroup downgraded shares of China Petroleum & Chemical from a “neutral” rating to a “sell” rating in a research note on Friday, January 4th. Finally, ValuEngine downgraded shares of China Petroleum & Chemical from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $94.00.

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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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