Jane Street Group LLC Has $1.53 Million Stake in Sinopec Shanghai Petrochemical Co. (NYSE:SHI)

Jane Street Group LLC lessened its holdings in shares of Sinopec Shanghai Petrochemical Co. (NYSE:SHI) by 16.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 35,465 shares of the oil and gas company’s stock after selling 6,774 shares during the period. Jane Street Group LLC’s holdings in Sinopec Shanghai Petrochemical were worth $1,531,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC boosted its stake in shares of Sinopec Shanghai Petrochemical by 1,512.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,580 shares of the oil and gas company’s stock worth $67,000 after acquiring an additional 1,482 shares during the period. We Are One Seven LLC acquired a new stake in Sinopec Shanghai Petrochemical during the 4th quarter worth approximately $110,000. Stevens Capital Management LP acquired a new stake in Sinopec Shanghai Petrochemical during the 3rd quarter worth approximately $228,000. Wetherby Asset Management Inc. lifted its holdings in Sinopec Shanghai Petrochemical by 8.8% during the 4th quarter. Wetherby Asset Management Inc. now owns 5,372 shares of the oil and gas company’s stock worth $232,000 after purchasing an additional 436 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in Sinopec Shanghai Petrochemical during the 3rd quarter worth approximately $288,000. Institutional investors own 1.69% of the company’s stock.

Several brokerages have weighed in on SHI. Zacks Investment Research raised Sinopec Shanghai Petrochemical from a “sell” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Saturday, March 23rd. Credit Suisse Group cut Sinopec Shanghai Petrochemical from an “outperform” rating to a “neutral” rating in a report on Thursday, January 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Sinopec Shanghai Petrochemical has a consensus rating of “Hold” and an average price target of $58.00.

SHI stock traded down $0.01 during midday trading on Friday, reaching $48.60. 44,868 shares of the stock were exchanged, compared to its average volume of 44,933. The firm has a market capitalization of $5.25 billion, a P/E ratio of 5.78 and a beta of 1.12. Sinopec Shanghai Petrochemical Co. has a 52 week low of $42.01 and a 52 week high of $74.09.

The business also recently declared an annual dividend, which will be paid on Monday, July 29th. Shareholders of record on Monday, June 24th will be given a $3.296 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a dividend yield of 6.54%. Sinopec Shanghai Petrochemical’s dividend payout ratio (DPR) is presently 49.46%.

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Sinopec Shanghai Petrochemical Company Profile

Sinopec Shanghai Petrochemical Company Limited, together with its subsidiaries, manufactures and sells petrochemical products in the People's Republic of China. The company operates through five segments: Synthetic Fibres, Resins and Plastics, Intermediate Petrochemicals, Petroleum Products, and Trading of Petrochemical Products.

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Institutional Ownership by Quarter for Sinopec Shanghai Petrochemical (NYSE:SHI)

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