China Petroleum & Chemical Corp (SNP) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of China Petroleum & Chemical Corp (NYSE:SNP) by 297.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,500 shares of the oil and gas company’s stock after acquiring an additional 73,700 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in China Petroleum & Chemical were worth $9,893,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in shares of China Petroleum & Chemical during the 3rd quarter valued at about $121,000. Willingdon Wealth Management acquired a new stake in shares of China Petroleum & Chemical during the 3rd quarter valued at about $164,000. Signaturefd LLC lifted its holdings in shares of China Petroleum & Chemical by 43.6% during the 2nd quarter. Signaturefd LLC now owns 1,913 shares of the oil and gas company’s stock valued at $172,000 after buying an additional 581 shares during the last quarter. Canal Capital Management LLC acquired a new stake in shares of China Petroleum & Chemical during the 3rd quarter valued at about $213,000. Finally, MML Investors Services LLC acquired a new stake in shares of China Petroleum & Chemical during the 3rd quarter valued at about $233,000. 1.03% of the stock is currently owned by institutional investors.

Shares of China Petroleum & Chemical stock opened at $85.34 on Friday. The stock has a market cap of $102.26 billion, a PE ratio of 15.32, a PEG ratio of 0.57 and a beta of 1.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.99 and a quick ratio of 0.64. China Petroleum & Chemical Corp has a 52-week low of $69.60 and a 52-week high of $105.61.

China Petroleum & Chemical (NYSE:SNP) last announced its quarterly earnings results on Tuesday, October 30th. The oil and gas company reported $2.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.18). The firm had revenue of $113.57 billion for the quarter. China Petroleum & Chemical had a net margin of 2.88% and a return on equity of 8.18%. Equities analysts expect that China Petroleum & Chemical Corp will post 9.68 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on SNP shares. ValuEngine lowered China Petroleum & Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, October 3rd. Zacks Investment Research lowered China Petroleum & Chemical from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. China Petroleum & Chemical has a consensus rating of “Hold” and an average price target of $94.00.

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China Petroleum & Chemical Company 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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