Millennium Management LLC Sells 74,045 Shares of China Petroleum & Chemical Corp (NYSE:SNP)

Millennium Management LLC lessened its holdings in China Petroleum & Chemical Corp (NYSE:SNP) by 38.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 119,049 shares of the oil and gas company’s stock after selling 74,045 shares during the period. Millennium Management LLC’s holdings in China Petroleum & Chemical were worth $6,988,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Creative Planning purchased a new position in China Petroleum & Chemical during the second quarter worth about $212,000. First Trust Advisors LP grew its holdings in shares of China Petroleum & Chemical by 16.6% during the second quarter. First Trust Advisors LP now owns 10,983 shares of the oil and gas company’s stock worth $749,000 after purchasing an additional 1,561 shares in the last quarter. Wedbush Securities Inc. grew its holdings in shares of China Petroleum & Chemical by 193.9% during the second quarter. Wedbush Securities Inc. now owns 8,329 shares of the oil and gas company’s stock worth $568,000 after purchasing an additional 5,495 shares in the last quarter. Pendal Group Ltd increased its position in shares of China Petroleum & Chemical by 25.0% in the second quarter. Pendal Group Ltd now owns 538,568 shares of the oil and gas company’s stock worth $38,025,000 after purchasing an additional 107,577 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of China Petroleum & Chemical by 17.8% in the second quarter. Envestnet Asset Management Inc. now owns 73,535 shares of the oil and gas company’s stock worth $5,015,000 after purchasing an additional 11,131 shares during the last quarter. Institutional investors own 0.89% of the company’s stock.

China Petroleum & Chemical stock opened at $55.98 on Tuesday. The firm’s fifty day moving average price is $57.50 and its 200-day moving average price is $61.68. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 0.89. The stock has a market cap of $67.47 billion, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 3.95 and a beta of 1.48. China Petroleum & Chemical Corp has a fifty-two week low of $54.94 and a fifty-two week high of $87.17.

China Petroleum & Chemical (NYSE:SNP) last posted its quarterly earnings data on Thursday, October 31st. The oil and gas company reported $1.41 earnings per share (EPS) for the quarter. China Petroleum & Chemical had a net margin of 1.53% and a return on equity of 5.12%. The company had revenue of $104.68 billion during the quarter. On average, analysts predict that China Petroleum & Chemical Corp will post 6.39 earnings per share for the current year.

Separately, Credit Suisse Group raised shares of China Petroleum & Chemical from a “neutral” rating to an “outperform” rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold”.

China Petroleum & Chemical Profile

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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