China Petroleum & Chemical Corp (SNP) Shares Sold by Eqis Capital Management Inc.

Eqis Capital Management Inc. decreased its holdings in China Petroleum & Chemical Corp (NYSE:SNP) by 25.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,014 shares of the oil and gas company’s stock after selling 3,144 shares during the quarter. Eqis Capital Management Inc.’s holdings in China Petroleum & Chemical were worth $717,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in SNP. Millennium Management LLC purchased a new position in shares of China Petroleum & Chemical in the fourth quarter valued at $10,771,000. FMR LLC increased its position in shares of China Petroleum & Chemical by 211.8% in the fourth quarter. FMR LLC now owns 181,057 shares of the oil and gas company’s stock valued at $12,783,000 after buying an additional 122,986 shares in the last quarter. Rehmann Capital Advisory Group increased its position in shares of China Petroleum & Chemical by 9,897.3% in the third quarter. Rehmann Capital Advisory Group now owns 112,969 shares of the oil and gas company’s stock valued at $1,124,000 after buying an additional 111,839 shares in the last quarter. Two Sigma Investments LP increased its position in shares of China Petroleum & Chemical by 120.1% in the fourth quarter. Two Sigma Investments LP now owns 195,726 shares of the oil and gas company’s stock valued at $13,818,000 after buying an additional 106,816 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of China Petroleum & Chemical by 105.5% in the fourth quarter. Two Sigma Advisers LP now owns 201,370 shares of the oil and gas company’s stock valued at $14,217,000 after buying an additional 103,400 shares in the last quarter. Hedge funds and other institutional investors own 1.02% of the company’s stock.

SNP opened at $78.26 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 0.11. The firm has a market cap of $94.75 billion, a P/E ratio of 14.05, a P/E/G ratio of 1.48 and a beta of 1.59. China Petroleum & Chemical Corp has a 52 week low of $69.02 and a 52 week high of $105.61.

The firm also recently declared a semiannual dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be paid a $3.8715 dividend. This represents a yield of 9.72%. This is a positive change from China Petroleum & Chemical’s previous semiannual dividend of $2.47. The ex-dividend date is Friday, May 31st. China Petroleum & Chemical’s dividend payout ratio (DPR) is presently 74.69%.

A number of research analysts have recently weighed in on the company. Citigroup cut China Petroleum & Chemical from a “neutral” rating to a “sell” rating in a research report on Friday, January 4th. Morgan Stanley lowered China Petroleum & Chemical from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 6th. ValuEngine lowered China Petroleum & Chemical from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Credit Suisse Group lowered China Petroleum & Chemical from an “outperform” rating to a “neutral” rating in a research note on Thursday, January 10th. Finally, Zacks Investment Research lowered China Petroleum & Chemical from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $94.00.

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China Petroleum & Chemical Profile

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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