Signaturefd LLC Grows Stake in China Petroleum & Chemical Corp (SNP)

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Signaturefd LLC grew its holdings in shares of China Petroleum & Chemical Corp (NYSE:SNP) by 43.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,913 shares of the oil and gas company’s stock after purchasing an additional 581 shares during the quarter. Signaturefd LLC’s holdings in China Petroleum & Chemical were worth $172,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CIBC World Markets Inc. purchased a new stake in shares of China Petroleum & Chemical during the 2nd quarter valued at about $1,457,000. Earnest Partners LLC increased its position in shares of China Petroleum & Chemical by 53.5% during the 2nd quarter. Earnest Partners LLC now owns 2,363 shares of the oil and gas company’s stock valued at $212,000 after purchasing an additional 824 shares during the last quarter. Thomas White International Ltd. increased its position in shares of China Petroleum & Chemical by 14.0% during the 1st quarter. Thomas White International Ltd. now owns 65,572 shares of the oil and gas company’s stock valued at $5,802,000 after purchasing an additional 8,045 shares during the last quarter. First Republic Investment Management Inc. purchased a new stake in shares of China Petroleum & Chemical during the 1st quarter valued at about $921,000. Finally, Sei Investments Co. purchased a new stake in shares of China Petroleum & Chemical during the 1st quarter valued at about $895,000. 1.04% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of China Petroleum & Chemical from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 13th. ValuEngine downgraded China Petroleum & Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. Finally, Goldman Sachs Group downgraded China Petroleum & Chemical from a “buy” rating to a “neutral” rating in a research note on Monday, June 4th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. China Petroleum & Chemical currently has an average rating of “Hold” and a consensus price target of $106.00.

Shares of NYSE:SNP opened at $95.16 on Friday. The company has a market cap of $116.97 billion, a P/E ratio of 12.48, a P/E/G ratio of 0.64 and a beta of 1.33. The company has a quick ratio of 0.60, a current ratio of 0.99 and a debt-to-equity ratio of 0.13. China Petroleum & Chemical Corp has a 12-month low of $69.60 and a 12-month high of $105.61.

China Petroleum & Chemical (NYSE:SNP) last announced its quarterly earnings data on Sunday, August 26th. The oil and gas company reported $2.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.68 by $1.14. The company had revenue of $106.54 billion during the quarter. China Petroleum & Chemical had a return on equity of 7.14% and a net margin of 2.71%. sell-side analysts expect that China Petroleum & Chemical Corp will post 9.59 earnings per share for the current year.

The business also recently disclosed a special dividend, which will be paid on Friday, September 28th. Investors of record on Thursday, September 6th will be paid a dividend of $2.3455 per share. The ex-dividend date is Wednesday, September 5th. This is an increase from China Petroleum & Chemical’s previous special dividend of $1.51. This represents a dividend yield of 12.6%. China Petroleum & Chemical’s payout ratio is 75.04%.

About China Petroleum & Chemical

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.

Further Reading: What is a Tariff?

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

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