ClariVest Asset Management LLC boosted its stake in China Petroleum & Chemical Corporation (NYSE:SNP) by 5.6% during the second quarter, Holdings Channel reports. The firm owned 136,871 shares of the oil and gas company’s stock after buying an additional 7,200 shares during the period. ClariVest Asset Management LLC’s holdings in China Petroleum & Chemical Corporation were worth $10,758,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP raised its stake in China Petroleum & Chemical Corporation by 20.1% in the second quarter. First Trust Advisors LP now owns 22,551 shares of the oil and gas company’s stock valued at $1,773,000 after buying an additional 3,779 shares during the period. Ronald Blue & Co. LLC raised its stake in China Petroleum & Chemical Corporation by 10.1% in the second quarter. Ronald Blue & Co. LLC now owns 3,731 shares of the oil and gas company’s stock valued at $293,000 after buying an additional 343 shares during the period. Meritage Portfolio Management raised its stake in China Petroleum & Chemical Corporation by 67.5% in the second quarter. Meritage Portfolio Management now owns 82,965 shares of the oil and gas company’s stock valued at $6,521,000 after buying an additional 33,425 shares during the period. Greenleaf Trust raised its stake in China Petroleum & Chemical Corporation by 109.3% in the second quarter. Greenleaf Trust now owns 6,764 shares of the oil and gas company’s stock valued at $532,000 after buying an additional 3,533 shares during the period. Finally, Manning & Napier Advisors LLC purchased a new stake in China Petroleum & Chemical Corporation during the second quarter valued at about $9,683,000. Hedge funds and other institutional investors own 0.71% of the company’s stock.

Shares of China Petroleum & Chemical Corporation (SNP) opened at 74.97 on Friday. China Petroleum & Chemical Corporation has a one year low of $67.82 and a one year high of $84.88. The company has a market cap of $90.80 billion, a price-to-earnings ratio of 10.71 and a beta of 1.17. The company’s 50-day moving average is $77.27 and its 200-day moving average is $79.51.

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Several equities research analysts have recently issued reports on the stock. Mizuho upgraded shares of China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a report on Tuesday, August 8th. Sanford C. Bernstein upgraded shares of China Petroleum & Chemical Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, July 6th. BidaskClub lowered shares of China Petroleum & Chemical Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, June 30th. Jefferies Group LLC lowered shares of China Petroleum & Chemical Corporation from a “buy” rating to a “hold” rating in a report on Monday, May 15th. Finally, Zacks Investment Research lowered shares of China Petroleum & Chemical Corporation from a “strong-buy” rating to a “hold” rating in a report on Friday, May 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price 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.

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

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