Fieldpoint Private Securities LLC Acquires 325 Shares of China Petroleum & Chemical Co. (NYSE:SNP)

Fieldpoint Private Securities LLC grew its holdings in China Petroleum & Chemical Co. (NYSE:SNP – Get Rating) by 86.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 700 shares of the oil and gas company’s stock after acquiring an additional 325 shares during the period. Fieldpoint Private Securities LLC’s holdings in China Petroleum & Chemical were worth $35,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of SNP. Connor Clark & Lunn Investment Management Ltd. grew its position in China Petroleum & Chemical by 36.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 124,492 shares of the oil and gas company’s stock worth $5,790,000 after acquiring an additional 33,290 shares in the last quarter. Connectus Wealth LLC acquired a new stake in shares of China Petroleum & Chemical in the fourth quarter worth $1,335,000. Envestnet Asset Management Inc. raised its stake in China Petroleum & Chemical by 139.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 26,159 shares of the oil and gas company’s stock valued at $1,217,000 after purchasing an additional 15,212 shares during the last quarter. Legacy Wealth Asset Management LLC acquired a new position in China Petroleum & Chemical during the 4th quarter valued at $585,000. Finally, DGS Capital Management LLC acquired a new position in China Petroleum & Chemical during the 4th quarter valued at $504,000. 0.56% of the stock is owned by institutional investors.

SNP opened at $43.35 on Thursday. The firm’s 50-day simple moving average is $49.50 and its 200-day simple moving average is $49.51. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.53 and a current ratio of 0.93. China Petroleum & Chemical Co. has a twelve month low of $40.60 and a twelve month high of $55.03. The firm has a market cap of $52.48 billion, a price-to-earnings ratio of 4.46, a PEG ratio of 1.29 and a beta of 0.71.

China Petroleum & Chemical (NYSE:SNP – Get Rating) last issued its quarterly earnings data on Friday, April 29th. The oil and gas company reported $2.95 EPS for the quarter. China Petroleum & Chemical had a net margin of 2.58% and a return on equity of 8.23%. The firm had revenue of $121.52 billion for the quarter. As a group, sell-side analysts anticipate that China Petroleum & Chemical Co. will post 10.1 EPS for the current fiscal year.

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 9th will be issued a dividend of $2.4674 per share. This represents a yield of 13.3%. The ex-dividend date of this dividend is Wednesday, June 8th. China Petroleum & Chemical’s dividend payout ratio is currently 89.93%.

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of China Petroleum & Chemical from a “hold” rating to a “buy” rating in a research note on Wednesday, May 4th. The Goldman Sachs Group cut 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 note on Sunday. Finally, Citigroup lowered shares of China Petroleum & Chemical from a “buy” rating to a “sell” rating in a report on Monday, May 23rd.

About China Petroleum & Chemical (Get Rating)

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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