Tower Research Capital LLC TRC increased its stake in China Petroleum & Chemical Corp (NYSE:SNP) by 252.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,628 shares of the oil and gas company’s stock after purchasing an additional 4,750 shares during the quarter. Tower Research Capital LLC TRC’s holdings in China Petroleum & Chemical were worth $595,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in shares of China Petroleum & Chemical by 156.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,348 shares of the oil and gas company’s stock valued at $119,000 after purchasing an additional 823 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of China Petroleum & Chemical by 49.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,677 shares of the oil and gas company’s stock valued at $159,000 after purchasing an additional 555 shares in the last quarter. Signaturefd LLC increased its holdings in shares of China Petroleum & Chemical by 43.6% in the 2nd quarter. Signaturefd LLC now owns 1,913 shares of the oil and gas company’s stock valued at $172,000 after purchasing an additional 581 shares in the last quarter. Suntrust Banks Inc. purchased a new position in shares of China Petroleum & Chemical in the 1st quarter valued at about $206,000. Finally, Earnest Partners LLC increased its holdings in shares of China Petroleum & Chemical by 53.5% in 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 in the last quarter. Institutional investors and hedge funds own 1.04% of the company’s stock.

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

Shares of SNP opened at $97.13 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.99 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $117.60 billion, a PE ratio of 12.55, a P/E/G ratio of 0.65 and a beta of 1.33. China Petroleum & Chemical Corp has a 52-week low of $69.60 and a 52-week high of $105.61.

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

The firm 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 $2.3455 dividend. This represents a yield of 12.6%. This is a boost from China Petroleum & Chemical’s previous special dividend of $1.51. The ex-dividend date of this dividend is Wednesday, September 5th. China Petroleum & Chemical’s dividend payout ratio is presently 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.

See Also: Outstanding Shares and The Effect on Share Price

Want to see what other hedge funds are holding SNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for China Petroleum & Chemical Corp (NYSE:SNP).

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

Receive News & Ratings for China Petroleum & Chemical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Petroleum & Chemical and related companies with MarketBeat.com's FREE daily email newsletter.