Ritholtz Wealth Management grew its position in China Petroleum & Chemical Co. (NYSE:SNP – Get Rating) by 11.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,479 shares of the oil and gas company's stock after purchasing an additional 1,407 shares during the quarter. Ritholtz Wealth Management's holdings in China Petroleum & Chemical were worth $604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Fieldpoint Private Securities LLC boosted its position in shares of China Petroleum & Chemical by 86.7% during the first quarter. Fieldpoint Private Securities LLC now owns 700 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 325 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of China Petroleum & Chemical by 47.5% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,242 shares of the oil and gas company's stock worth $63,000 after acquiring an additional 400 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of China Petroleum & Chemical during the first quarter worth $179,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of China Petroleum & Chemical by 38.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,719 shares of the oil and gas company's stock worth $184,000 after acquiring an additional 1,024 shares during the last quarter. Finally, Farmer Steven Patrick bought a new position in shares of China Petroleum & Chemical during the second quarter worth $200,000. 0.54% of the stock is currently owned by institutional investors.
Get China Petroleum & Chemical alerts:Analyst Ratings Changes
Several equities analysts have commented on SNP shares. StockNews.com started coverage on shares of China Petroleum & Chemical in a research report on Tuesday, September 20th. They set a "hold" rating for the company. The Goldman Sachs Group lowered shares of China Petroleum & Chemical from a "neutral" rating to a "sell" rating and set a $41.09 price objective for the company. in a research report on Sunday, June 19th.
China Petroleum & Chemical Price Performance
SNP stock opened at $45.66 on Monday. China Petroleum & Chemical Co. has a 52 week low of $40.60 and a 52 week high of $55.03. The company has a quick ratio of 0.53, a current ratio of 0.89 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $46.00 and a two-hundred day simple moving average of $47.58. The firm has a market capitalization of $55.28 billion, a P/E ratio of 4.69, a price-to-earnings-growth ratio of 1.56 and a beta of 0.69.China Petroleum & Chemical Cuts Dividend
The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, October 6th. Stockholders of record on Friday, September 16th will be paid a $2.103 dividend. This represents a dividend yield of 14.7%. The ex-dividend date is Thursday, September 15th. China Petroleum & Chemical's dividend payout ratio is currently 84.79%.
About China Petroleum & Chemical
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China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas and chemical operations in Mainland China, Singapore, and internationally. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others.
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