Todd Asset Management LLC purchased a new stake in China Petroleum & Chemical Corp (NYSE:SNP) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,800 shares of the oil and gas company’s stock, valued at approximately $3,395,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Atria Investments LLC acquired a new stake in China Petroleum & Chemical in the third quarter valued at $388,000. Bank of New York Mellon Corp raised its holdings in China Petroleum & Chemical by 42.1% in the second quarter. Bank of New York Mellon Corp now owns 6,887 shares of the oil and gas company’s stock valued at $618,000 after acquiring an additional 2,041 shares in the last quarter. CIBC World Markets Inc. acquired a new stake in China Petroleum & Chemical in the second quarter valued at $1,457,000. Manning & Napier Group LLC raised its holdings in China Petroleum & Chemical by 1.6% in the third quarter. Manning & Napier Group LLC now owns 93,961 shares of the oil and gas company’s stock valued at $9,436,000 after acquiring an additional 1,498 shares in the last quarter. Finally, Earnest Partners LLC raised its holdings in China Petroleum & Chemical by 53.5% in the second quarter. Earnest Partners LLC now owns 2,363 shares of the oil and gas company’s stock valued at $212,000 after acquiring an additional 824 shares in the last quarter. 1.03% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on SNP shares. ValuEngine raised shares of China Petroleum & Chemical from a “hold” rating to a “buy” rating in a report on Thursday, September 27th. Zacks Investment Research cut shares of China Petroleum & Chemical from a “strong-buy” rating to a “hold” rating in a report on Monday, August 13th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $94.00.

Shares of NYSE:SNP opened at $82.36 on Wednesday. The firm has a market cap of $102.75 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 0.55 and a beta of 1.49. China Petroleum & Chemical Corp has a 1-year low of $69.60 and a 1-year high of $105.61. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.64 and a current ratio of 0.99.

China Petroleum & Chemical (NYSE:SNP) last issued its earnings results on Tuesday, October 30th. The oil and gas company reported $2.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.29 by ($0.18). The business had revenue of $113.57 billion for the quarter. China Petroleum & Chemical had a return on equity of 8.18% and a net margin of 2.88%. As a group, equities research analysts anticipate that China Petroleum & Chemical Corp will post 9.87 EPS for the current year.

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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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