Comerica Bank Has $1,148,000 Position in China Petroleum & Chemical Corp (SNP)

Comerica Bank increased its position in shares of China Petroleum & Chemical Corp (NYSE:SNP) by 12.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,689 shares of the company’s stock after buying an additional 1,632 shares during the period. Comerica Bank’s holdings in China Petroleum & Chemical Corp were worth $1,148,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC increased its position in China Petroleum & Chemical Corp by 23.6% in the third quarter. Checchi Capital Advisers LLC now owns 2,931 shares of the company’s stock worth $216,000 after buying an additional 560 shares in the last quarter. Creative Planning increased its position in China Petroleum & Chemical Corp by 909.1% in the third quarter. Creative Planning now owns 3,330 shares of the company’s stock worth $246,000 after buying an additional 3,000 shares in the last quarter. PNC Financial Services Group Inc. increased its position in China Petroleum & Chemical Corp by 0.4% in the third quarter. PNC Financial Services Group Inc. now owns 3,520 shares of the company’s stock worth $260,000 after buying an additional 13 shares in the last quarter. Lazard Asset Management LLC bought a new position in China Petroleum & Chemical Corp during the third quarter worth $363,000. Finally, Capital One National Association increased its position in China Petroleum & Chemical Corp by 3.9% in the third quarter. Capital One National Association now owns 5,314 shares of the company’s stock worth $392,000 after buying an additional 199 shares in the last quarter. 0.68% of the stock is owned by hedge funds and other institutional investors.

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

Shares of China Petroleum & Chemical Corp (NYSE:SNP) opened at 79.19 on Friday. The company’s 50 day moving average is $77.91 and its 200-day moving average is $74.45. China Petroleum & Chemical Corp has a 52 week low of $60.67 and a 52 week high of $81.64. The stock has a market capitalization of $96.05 billion, a PE ratio of 18.85 and a beta of 1.21.

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Separately, Zacks Investment Research downgraded shares of China Petroleum & Chemical Corp from a “buy” rating to a “hold” rating in a research report on Monday, March 20th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $88.00.

About China Petroleum & Chemical Corp

China Petroleum & Chemical Corporation is an energy and chemical company. The Company is engaged in oil and gas, and chemical operations in the People’s Republic of China (the PRC). The Company’s segments include exploration and production segment, refining segment, marketing and distribution segment, chemicals segment, and corporate and others.

5 Day Chart for NYSE:SNP

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).

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