Manning & Napier Group LLC Buys 3,056 Shares of China Petroleum & Chemical Corp (NYSE:SNP)

Manning & Napier Group LLC raised its stake in shares of China Petroleum & Chemical Corp (NYSE:SNP) by 2.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 122,960 shares of the oil and gas company’s stock after purchasing an additional 3,056 shares during the period. Manning & Napier Group LLC’s holdings in China Petroleum & Chemical were worth $7,217,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in China Petroleum & Chemical by 17.8% during the second quarter. Envestnet Asset Management Inc. now owns 73,535 shares of the oil and gas company’s stock valued at $5,015,000 after purchasing an additional 11,131 shares during the period. United Capital Financial Advisers LLC bought a new stake in China Petroleum & Chemical during the second quarter valued at about $233,000. Thomas White International Ltd. grew its holdings in China Petroleum & Chemical by 1.2% during the second quarter. Thomas White International Ltd. now owns 75,695 shares of the oil and gas company’s stock valued at $5,162,000 after purchasing an additional 908 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of China Petroleum & Chemical by 121.4% in the second quarter. Point72 Asset Management L.P. now owns 69,775 shares of the oil and gas company’s stock worth $4,759,000 after acquiring an additional 38,254 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of China Petroleum & Chemical by 3.8% in the second quarter. Renaissance Technologies LLC now owns 1,889,600 shares of the oil and gas company’s stock worth $128,871,000 after acquiring an additional 68,360 shares during the period. 0.97% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on the company. Credit Suisse Group raised China Petroleum & Chemical from a “neutral” rating to an “outperform” rating in a research note on Tuesday, September 10th. Jefferies Financial Group lowered China Petroleum & Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. China Petroleum & Chemical presently has an average rating of “Hold” and an average target price of $94.00.

NYSE SNP opened at $59.88 on Friday. The firm has a market cap of $70.05 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 3.58 and a beta of 1.48. The company has a quick ratio of 0.53, a current ratio of 0.90 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $59.33 and a 200-day moving average price of $67.31. China Petroleum & Chemical Corp has a twelve month low of $57.21 and a twelve month high of $88.70.

The firm also recently disclosed a — dividend, which was paid on Thursday, October 3rd. Stockholders of record on Monday, September 9th were paid a $1.5295 dividend. This represents a dividend yield of 9.7%. The ex-dividend date of this dividend was Friday, September 6th. China Petroleum & Chemical’s dividend payout ratio (DPR) is 37.90%.

About China Petroleum & Chemical

China Petroleum & Chemical Corporation, an energy and chemical company, engages in oil and gas, and chemical operations in the People's Republic of China. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others.

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

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