Burney Co. Boosts Position in China Petroleum & Chemical Corp (NYSE:SNP)

Burney Co. increased its stake in shares of China Petroleum & Chemical Corp (NYSE:SNP) by 2.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 6,798 shares of the oil and gas company’s stock after buying an additional 187 shares during the quarter. Burney Co.’s holdings in China Petroleum & Chemical were worth $540,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. U S Global Investors Inc. acquired a new stake in shares of China Petroleum & Chemical during the fourth quarter worth approximately $25,000. Financial Gravity Companies Inc. acquired a new stake in shares of China Petroleum & Chemical during the fourth quarter worth approximately $27,000. McIlrath & Eck LLC acquired a new stake in shares of China Petroleum & Chemical during the first quarter worth approximately $32,000. GQG Partners LLC acquired a new stake in shares of China Petroleum & Chemical during the fourth quarter worth approximately $97,000. Finally, NumerixS Investment Technologies Inc boosted its holdings in shares of China Petroleum & Chemical by 366.7% during the fourth quarter. NumerixS Investment Technologies Inc now owns 1,400 shares of the oil and gas company’s stock worth $98,000 after purchasing an additional 1,100 shares during the period. Institutional investors and hedge funds own 0.98% of the company’s stock.

NYSE SNP opened at $65.01 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $80.21 billion, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 1.73 and a beta of 1.52. China Petroleum & Chemical Corp has a 12-month low of $64.43 and a 12-month high of $102.47.

China Petroleum & Chemical (NYSE:SNP) last posted its earnings results on Tuesday, April 30th. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter. The firm had revenue of $106.34 billion during the quarter. China Petroleum & Chemical had a net margin of 2.12% and a return on equity of 9.06%. As a group, analysts anticipate that China Petroleum & Chemical Corp will post 7.9 EPS for the current fiscal year.

The firm also recently announced a semiannual dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 3rd will be paid a $3.8715 dividend. The ex-dividend date is Friday, May 31st. This is a boost from China Petroleum & Chemical’s previous semiannual dividend of $2.47. This represents a yield of 9.72%. China Petroleum & Chemical’s payout ratio is 96.92%.

Several analysts recently commented on SNP shares. Zacks Investment Research upgraded shares of China Petroleum & Chemical from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Morgan Stanley cut shares of China Petroleum & Chemical from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 6th. ValuEngine cut shares of China Petroleum & Chemical from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 24th. TheStreet cut shares of China Petroleum & Chemical from a “b” rating to a “c+” rating in a research note on Thursday, June 6th. Finally, Citigroup upgraded shares of China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $94.00.

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China Petroleum & Chemical Company 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.

Read More: Insider Trading

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)

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