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China Petroleum & Chemical Corp (SNP) Given Consensus Rating of “Hold” by Brokerages

 


Shares of China Petroleum & Chemical Corp (NYSE:SNP) have been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company.

Several equities research analysts recently commented on the company. Credit Suisse Group downgraded China Petroleum & Chemical from an “outperform” rating to a “neutral” rating in a report on Thursday, January 10th. Citigroup lowered China Petroleum & Chemical from a “neutral” rating to a “sell” rating in a research note on Friday, January 4th. Finally, Zacks Investment Research lowered China Petroleum & Chemical from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st.

Shares of NYSE:SNP traded up $0.53 during mid-day trading on Friday, hitting $83.44. 81,503 shares of the company traded hands, compared to its average volume of 222,121. The company has a market cap of $100.72 billion, a P/E ratio of 14.98, a PEG ratio of 1.17 and a beta of 1.64. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.64 and a current ratio of 0.99. China Petroleum & Chemical has a 52-week low of $69.02 and a 52-week high of $105.61.

A number of large investors have recently added to or reduced their stakes in the stock. Citigroup Inc. boosted its position in China Petroleum & Chemical by 5.4% during the 4th quarter. Citigroup Inc. now owns 5,311 shares of the oil and gas company’s stock valued at $375,000 after purchasing an additional 271 shares during the period. Raymond James & Associates raised its stake in China Petroleum & Chemical by 2.9% during the 4th quarter. Raymond James & Associates now owns 11,387 shares of the oil and gas company’s stock valued at $804,000 after acquiring an additional 319 shares in the last quarter. Bank of New York Mellon Corp raised its stake in China Petroleum & Chemical by 7.0% during the 4th quarter. Bank of New York Mellon Corp now owns 7,282 shares of the oil and gas company’s stock valued at $514,000 after acquiring an additional 476 shares in the last quarter. Nikko Asset Management Americas Inc. raised its stake in China Petroleum & Chemical by 1.2% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 40,212 shares of the oil and gas company’s stock valued at $2,839,000 after acquiring an additional 472 shares in the last quarter. Finally, BlackRock Inc. raised its stake in China Petroleum & Chemical by 9.5% during the 4th quarter. BlackRock Inc. now owns 728,705 shares of the oil and gas company’s stock valued at $51,445,000 after acquiring an additional 63,060 shares in the last quarter. Institutional investors and hedge funds own 1.01% of the company’s stock.

About China Petroleum & Chemical

China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas, and chemical operations and businesses in the People’s Republic of China. It operates through five segments: Exploration and Production, Refining, Marketing and Distribution, Chemicals, and Corporate and Others.

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Analyst Recommendations for China Petroleum & Chemical (NYSE:SNP)

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