Westpac Banking Corp bought a new stake in China Petroleum & Chemical Corporation (NYSE:SNP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 25,265 shares of the oil and gas company’s stock, valued at approximately $1,914,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sit Investment Associates Inc. acquired a new position in shares of China Petroleum & Chemical Corporation in the second quarter valued at $204,000. PNC Financial Services Group Inc. raised its stake in shares of China Petroleum & Chemical Corporation by 3.2% in the second quarter. PNC Financial Services Group Inc. now owns 3,078 shares of the oil and gas company’s stock valued at $241,000 after purchasing an additional 95 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of China Petroleum & Chemical Corporation by 1,393.7% in the second quarter. Quantbot Technologies LP now owns 3,570 shares of the oil and gas company’s stock valued at $280,000 after purchasing an additional 3,331 shares in the last quarter. Ronald Blue & Co. LLC raised its stake in shares of China Petroleum & Chemical Corporation by 10.1% in the second quarter. Ronald Blue & Co. LLC now owns 3,731 shares of the oil and gas company’s stock valued at $293,000 after purchasing an additional 343 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of China Petroleum & Chemical Corporation in the first quarter valued at $308,000. Institutional investors and hedge funds own 0.76% of the company’s stock.

China Petroleum & Chemical Corporation (NYSE SNP) opened at $75.51 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.61 and a current ratio of 0.97. China Petroleum & Chemical Corporation has a 12 month low of $67.82 and a 12 month high of $84.88. The stock has a market capitalization of $89,084.20, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 1.94 and a beta of 1.28.

SNP has been the subject of a number of recent research reports. Citigroup Inc. upgraded China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 29th. BidaskClub upgraded China Petroleum & Chemical Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded China Petroleum & Chemical Corporation from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Tuesday, October 24th. Mizuho upgraded China Petroleum & Chemical Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, ValuEngine lowered China Petroleum & Chemical Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $82.00.

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China Petroleum & Chemical Corporation Company Profile

China Petroleum & Chemical Corporation is a China-based energy and chemical company. The Company’s segments include Exploration and Development segment, Refining segment, Marketing and Distribution segment, Chemicals segment, and Corporate and Others segment. Exploration and Development segment explores and develops oil fields, as well as produces crude oil and natural gas.

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

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