Posted by admin on Aug 25th, 2022 
Northwestern Mutual Wealth Management Co. grew its position in shares of China Petroleum & Chemical Co. (NYSE:SNP – Get Rating) by 38.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,719 shares of the oil and gas company’s stock after purchasing an additional 1,024 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in China Petroleum & Chemical were worth $184,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the company. Qube Research & Technologies Ltd grew its position in shares of China Petroleum & Chemical by 248.2% during the 1st quarter. Qube Research & Technologies Ltd now owns 30,981 shares of the oil and gas company’s stock valued at $1,534,000 after purchasing an additional 22,084 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of China Petroleum & Chemical during the 1st quarter valued at $270,000. DGS Capital Management LLC lifted its holdings in shares of China Petroleum & Chemical by 42.2% during the 1st quarter. DGS Capital Management LLC now owns 15,401 shares of the oil and gas company’s stock worth $763,000 after acquiring an additional 4,567 shares during the last quarter. Lester Murray Antman dba SimplyRich bought a new stake in shares of China Petroleum & Chemical during the 1st quarter worth $316,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of China Petroleum & Chemical by 47.5% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,242 shares of the oil and gas company’s stock worth $63,000 after acquiring an additional 400 shares during the last quarter. 0.56% of the stock is currently owned by hedge funds and other institutional investors.
China Petroleum & Chemical stock opened at $46.57 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.93 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $56.38 billion, a PE ratio of 4.79, a P/E/G ratio of 1.53 and a beta of 0.70. The firm has a fifty day simple moving average of $45.33 and a two-hundred day simple moving average of $48.29. China Petroleum & Chemical Co. has a twelve month low of $40.60 and a twelve month high of $55.03.
A number of research firms have recently issued reports on SNP. The Goldman Sachs Group downgraded shares of China Petroleum & Chemical from a “neutral” rating to a “sell” rating and set a $41.09 price objective for the company. in a report on Sunday, June 19th. StockNews.com downgraded shares of China Petroleum & Chemical from a “buy” rating to a “hold” rating in a report on Monday, August 15th. Finally, Citigroup downgraded shares of China Petroleum & Chemical from a “buy” rating to a “sell” rating in a research note on Monday, May 23rd.
(Get Rating)
China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas and chemical operations in Mainland China, Singapore, and internationally. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others.
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 Co. (NYSE:SNP – Get Rating).
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.
Havencrest Healthcare Partners Sells 35,500 Shares of The Oncology Institute, Inc. (NASDAQ:TOI) Stock
Northwestern Mutual Wealth Management Co. Sells 87,825 Shares of iShares Core MSCI Pacific ETF (NYSEARCA:IPAC)
About Author
