Bank of Montreal Can boosted its stake in shares of China Petroleum & Chemical Corporation (NYSE:SNP) by 110.0% during the second quarter, Holdings Channel reports. The institutional investor owned 44,041 shares of the oil and gas company’s stock after buying an additional 23,066 shares during the period. Bank of Montreal Can’s holdings in China Petroleum & Chemical Corporation were worth $3,461,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of SNP. Ronald Blue & Co. LLC increased its stake in shares of China Petroleum & Chemical Corporation by 7.1% in the first quarter. Ronald Blue & Co. LLC now owns 3,388 shares of the oil and gas company’s stock valued at $276,000 after buying an additional 226 shares in the last quarter. World Asset Management Inc increased its stake in China Petroleum & Chemical Corporation by 1.6% in the first quarter. World Asset Management Inc now owns 15,895 shares of the oil and gas company’s stock worth $1,296,000 after buying an additional 250 shares during the period. Comerica Bank increased its stake in China Petroleum & Chemical Corporation by 2.0% in the first quarter. Comerica Bank now owns 14,988 shares of the oil and gas company’s stock worth $1,222,000 after buying an additional 299 shares during the period. Envestnet Asset Management Inc. increased its stake in China Petroleum & Chemical Corporation by 11.0% in the first quarter. Envestnet Asset Management Inc. now owns 5,824 shares of the oil and gas company’s stock worth $474,000 after buying an additional 575 shares during the period. Finally, OLD National Bancorp IN increased its stake in China Petroleum & Chemical Corporation by 18.3% in the first quarter. OLD National Bancorp IN now owns 5,702 shares of the oil and gas company’s stock worth $465,000 after buying an additional 881 shares during the period. Hedge funds and other institutional investors own 0.71% of the company’s stock.

China Petroleum & Chemical Corporation (SNP) traded up 0.11% during mid-day trading on Friday, hitting $75.90. 87,055 shares of the company’s stock were exchanged. China Petroleum & Chemical Corporation has a 52 week low of $67.82 and a 52 week high of $84.88. The stock has a market capitalization of $91.93 billion, a P/E ratio of 10.84 and a beta of 1.17. The firm has a 50 day moving average of $78.55 and a 200 day moving average of $79.72.

COPYRIGHT VIOLATION WARNING: This news story was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of international copyright laws. The legal version of this news story can be read at https://www.dailypolitical.com/2017/08/06/bank-of-montreal-can-purchases-23066-shares-of-china-petroleum-chemical-corporation-nysesnp.html.

A number of analysts have commented on the stock. BidaskClub downgraded shares of China Petroleum & Chemical Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Sanford C. Bernstein upgraded shares of China Petroleum & Chemical Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 6th. Zacks Investment Research downgraded shares of China Petroleum & Chemical Corporation from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 12th. Finally, Jefferies Group LLC downgraded shares of China Petroleum & Chemical Corporation from a “buy” rating to a “hold” rating in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. China Petroleum & Chemical Corporation currently has an average rating of “Hold” and an average price target of $89.00.

China Petroleum & Chemical Corporation Company Profile

China Petroleum & Chemical Corporation is a China-based energy and chemical company. The Company’s segments include Exploration and Development segment, Refining segment, Marketing and Distribution segment, Chemicals segment, and Corporate and Others segment. Exploration and Development segment explores and develops oil fields, as well as produces crude oil and natural gas.

Want to see what other hedge funds are holding SNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for China Petroleum & Chemical Corporation (NYSE:SNP).

Institutional Ownership by Quarter for China Petroleum & Chemical Corporation (NYSE:SNP)

Receive News & Ratings for China Petroleum & Chemical Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Petroleum & Chemical Corporation and related companies with MarketBeat.com's FREE daily email newsletter.