Voloridge Investment Management LLC acquired a new stake in China Petroleum & Chemical Corp (NYSE:SNP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,507 shares of the oil and gas company’s stock, valued at approximately $2,202,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Quantamental Technologies LLC raised its stake in China Petroleum & Chemical by 791.7% during the second quarter. Quantamental Technologies LLC now owns 963 shares of the oil and gas company’s stock worth $66,000 after purchasing an additional 855 shares during the period. Parallel Advisors LLC raised its position in shares of China Petroleum & Chemical by 178.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,682 shares of the oil and gas company’s stock valued at $99,000 after buying an additional 1,078 shares during the period. NumerixS Investment Technologies Inc raised its position in shares of China Petroleum & Chemical by 150.0% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,500 shares of the oil and gas company’s stock valued at $102,000 after buying an additional 900 shares during the period. Quantum Capital Management acquired a new position in China Petroleum & Chemical in the third quarter valued at approximately $128,000. Finally, Creative Planning acquired a new position in China Petroleum & Chemical in the second quarter valued at approximately $212,000. Hedge funds and other institutional investors own 0.89% of the company’s stock.
Separately, Credit Suisse Group raised China Petroleum & Chemical from a “neutral” rating to an “outperform” rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold”.
China Petroleum & Chemical Profile
China Petroleum & Chemical Corporation, an energy and chemical company, engages in oil and gas, and chemical operations 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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