Bluestein R H & Co. maintained its stake in China Petroleum & Chemical Corporation (NYSE:SNP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,000 shares of the oil and gas company’s stock at the close of the second quarter. Bluestein R H & Co.’s holdings in China Petroleum & Chemical Corporation were worth $393,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in shares of China Petroleum & Chemical Corporation by 15.4% during the first quarter. Goldman Sachs Group Inc. now owns 113,628 shares of the oil and gas company’s stock worth $9,262,000 after purchasing an additional 15,174 shares in the last quarter. Thomas White International Ltd. lifted its position in shares of China Petroleum & Chemical Corporation by 10.1% during the second quarter. Thomas White International Ltd. now owns 53,130 shares of the oil and gas company’s stock worth $4,176,000 after purchasing an additional 4,892 shares in the last quarter. Koch Industries Inc. acquired a new position in shares of China Petroleum & Chemical Corporation during the first quarter worth approximately $323,000. GAM Holding AG lifted its position in shares of China Petroleum & Chemical Corporation by 125.8% during the second quarter. GAM Holding AG now owns 14,000 shares of the oil and gas company’s stock worth $1,100,000 after purchasing an additional 7,800 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of China Petroleum & Chemical Corporation by 16.9% during the first quarter. Stifel Financial Corp now owns 8,800 shares of the oil and gas company’s stock worth $718,000 after purchasing an additional 1,269 shares in the last quarter. Institutional investors own 0.76% of the company’s stock.

Shares of China Petroleum & Chemical Corporation (NYSE SNP) opened at 75.69 on Monday. The company has a market capitalization of $91.64 billion, a P/E ratio of 10.97 and a beta of 1.16. The company’s 50 day moving average is $75.94 and its 200-day moving average is $78.93. China Petroleum & Chemical Corporation has a 1-year low of $67.82 and a 1-year high of $84.88.

The firm also recently announced a special dividend, which will be paid on Friday, October 6th. Investors of record on Tuesday, September 19th will be given a dividend of $1.5115 per share. The ex-dividend date of this dividend is Monday, September 18th. This represents a yield of 6.63%. China Petroleum & Chemical Corporation’s dividend payout ratio is presently 54.27%.

A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of China Petroleum & Chemical Corporation from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Mizuho raised shares of China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 8th. BidaskClub raised shares of China Petroleum & Chemical Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 22nd. Sanford C. Bernstein raised shares of China Petroleum & Chemical Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 6th. Finally, Citigroup Inc. raised shares of China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. China Petroleum & Chemical Corporation presently has a consensus rating of “Hold” and a consensus price target of $89.00.

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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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