OxFORD Asset Management LLP Acquires 518 Shares of SINOPEC Shangai Petrochemical Company, Ltd. (SHI)

OxFORD Asset Management LLP lifted its holdings in shares of SINOPEC Shangai Petrochemical Company, Ltd. (NYSE:SHI) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,693 shares of the oil and gas company’s stock after buying an additional 518 shares during the period. OxFORD Asset Management LLP’s holdings in SINOPEC Shangai Petrochemical were worth $1,375,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Renaissance Group LLC grew its position in shares of SINOPEC Shangai Petrochemical by 1.8% during the 2nd quarter. Renaissance Group LLC now owns 225,184 shares of the oil and gas company’s stock valued at $12,050,000 after buying an additional 4,067 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of SINOPEC Shangai Petrochemical by 3.6% during the 2nd quarter. Wells Fargo & Company MN now owns 155,461 shares of the oil and gas company’s stock valued at $8,318,000 after buying an additional 5,354 shares during the last quarter. AJO LP grew its position in shares of SINOPEC Shangai Petrochemical by 84.4% during the 2nd quarter. AJO LP now owns 101,206 shares of the oil and gas company’s stock valued at $5,416,000 after buying an additional 46,311 shares during the last quarter. Bank of America Corp DE grew its position in shares of SINOPEC Shangai Petrochemical by 204.4% during the 1st quarter. Bank of America Corp DE now owns 90,313 shares of the oil and gas company’s stock valued at $5,035,000 after buying an additional 60,646 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of SINOPEC Shangai Petrochemical by 251.9% during the 1st quarter. Renaissance Technologies LLC now owns 88,150 shares of the oil and gas company’s stock valued at $4,915,000 after buying an additional 63,100 shares during the last quarter. 1.09% of the stock is owned by institutional investors and hedge funds.

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Shares of SINOPEC Shangai Petrochemical Company, Ltd. (NYSE SHI) opened at 61.27 on Wednesday. The company has a market cap of $6.62 billion, a P/E ratio of 7.96 and a beta of 0.49. The company’s 50 day moving average is $60.91 and its 200-day moving average is $57.69. SINOPEC Shangai Petrochemical Company, Ltd. has a 12 month low of $48.82 and a 12 month high of $64.80.

A number of brokerages recently weighed in on SHI. ValuEngine raised shares of SINOPEC Shangai Petrochemical from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub raised shares of SINOPEC Shangai Petrochemical from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. Instinet raised shares of SINOPEC Shangai Petrochemical from a “reduce” rating to a “neutral” rating in a research report on Wednesday, August 9th. Finally, Nomura raised shares of SINOPEC Shangai Petrochemical to a “neutral” rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy”.

SINOPEC Shangai Petrochemical Company Profile

Sinopec Shanghai Petrochemical Company Limited (Shanghai Petrochemical) is a petrochemical company. The Company and its subsidiaries are principally engaged in processing crude oil into synthetic fibers, resins and plastics, intermediate petrochemicals and petroleum products. The Company operates in five operating segments.

Institutional Ownership by Quarter for SINOPEC Shangai Petrochemical (NYSE:SHI)

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