SINOPEC Shangai Petrochemical Company, Ltd. (SHI) Shares Bought by O Shaughnessy Asset …

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O Shaughnessy Asset Management LLC raised its stake in SINOPEC Shangai Petrochemical Company, Ltd. (NYSE:SHI) by 11,439.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,231 shares of the oil and gas company’s stock after buying an additional 3,203 shares during the period. O Shaughnessy Asset Management LLC’s holdings in SINOPEC Shangai Petrochemical Company were worth $180,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Renaissance Group LLC boosted its stake in SINOPEC Shangai Petrochemical Company by 126.6% in the first quarter. Renaissance Group LLC now owns 221,117 shares of the oil and gas company’s stock worth $12,329,000 after buying an additional 123,520 shares during the last quarter. Wells Fargo & Company MN raised its stake in SINOPEC Shangai Petrochemical Company by 15,010,600.0% in the first quarter. Wells Fargo & Company MN now owns 150,107 shares of the oil and gas company’s stock worth $8,371,000 after buying an additional 150,106 shares during the last quarter. Freestone Capital Holdings LLC raised its stake in SINOPEC Shangai Petrochemical Company by 13.6% in the fourth quarter. Freestone Capital Holdings LLC now owns 52,357 shares of the oil and gas company’s stock worth $2,834,000 after buying an additional 6,256 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in SINOPEC Shangai Petrochemical Company by 64.7% in the first quarter. Parametric Portfolio Associates LLC now owns 36,683 shares of the oil and gas company’s stock worth $2,045,000 after buying an additional 14,414 shares during the last quarter. Finally, Dorsey Wright & Associates raised its stake in SINOPEC Shangai Petrochemical Company by 41.9% in the first quarter. Dorsey Wright & Associates now owns 29,460 shares of the oil and gas company’s stock valued at $1,642,000 after buying an additional 8,705 shares in the last quarter. 1.03% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for SINOPEC Shangai Petrochemical Company (NYSE:SHI)

SINOPEC Shangai Petrochemical Company, Ltd. (NYSE:SHI) traded down 2.30% on Monday, reaching $51.07. 34,962 shares of the company’s stock traded hands. SINOPEC Shangai Petrochemical Company, Ltd. has a 52 week low of $42.64 and a 52 week high of $64.80. The firm has a market capitalization of $5.50 billion, a P/E ratio of 5.61 and a beta of 0.44. The stock has a 50-day moving average of $56.66 and a 200 day moving average of $57.55.

The firm also recently declared an annual dividend, which will be paid on Monday, July 24th. Stockholders of record on Monday, June 19th will be issued a dividend of $3.6279 per share. The ex-dividend date is Thursday, June 15th. This is a positive change from SINOPEC Shangai Petrochemical Company’s previous annual dividend of $1.32. This represents a dividend yield of 6.43%. SINOPEC Shangai Petrochemical Company’s payout ratio is 48.81%.

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Several brokerages have recently issued reports on SHI. Citigroup Inc. lowered shares of SINOPEC Shangai Petrochemical Company from a “neutral” rating to a “sell” rating in a research report on Thursday, June 1st. Zacks Investment Research cut shares of SINOPEC Shangai Petrochemical Company from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 17th.

About SINOPEC Shangai Petrochemical Company

Sinopec Shanghai Petrochemical Company Limited (Shanghai Petrochemical) is a petrochemical company. The Company and its subsidiaries are principally engaged in processing crude oil into synthetic fibers, resins and plastics, intermediate petrochemicals and petroleum products. The Company operates in five operating segments.




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Source: Google Alert – petrochemicals