Voloridge Investment Management LLC Invests $2.20 Million in China Petroleum & Chemical Corp (NYSE:SNP)

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Voloridge Investment Management LLC bought a new stake in China Petroleum & Chemical Corp (NYSE:SNP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 37,507 shares of the oil and gas company’s stock, valued at approximately $2,202,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quantamental Technologies LLC grew its stake in China Petroleum & Chemical by 791.7% during the 2nd quarter. Quantamental Technologies LLC now owns 963 shares of the oil and gas company’s stock worth $66,000 after buying an additional 855 shares during the last quarter. Parallel Advisors LLC increased its position in China Petroleum & Chemical by 178.5% during the third quarter. Parallel Advisors LLC now owns 1,682 shares of the oil and gas company’s stock worth $99,000 after buying an additional 1,078 shares during the period. NumerixS Investment Technologies Inc increased its position in China Petroleum & Chemical by 150.0% during the second quarter. NumerixS Investment Technologies Inc now owns 1,500 shares of the oil and gas company’s stock worth $102,000 after buying an additional 900 shares during the period. Quantum Capital Management purchased a new stake in China Petroleum & Chemical in the third quarter valued at approximately $128,000. Finally, Creative Planning purchased a new stake in China Petroleum & Chemical in the second quarter valued at approximately $212,000. 0.89% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:SNP opened at $55.14 on Wednesday. The stock has a market cap of $67.62 billion, a P/E ratio of 7.71, a P/E/G ratio of 3.95 and a beta of 1.48. The firm has a fifty day moving average price of $57.88 and a 200 day moving average price of $62.18. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.55. China Petroleum & Chemical Corp has a 1-year low of $54.94 and a 1-year high of $87.96.

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

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.

See Also: Bull Market

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

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